Magnussen Biler ApS

CVR 38654071 · Private limited company (ApS) · Active · Medium risk

Magnussen Biler ApS is a Private limited company (ApS), founded on , based in Fredericia. The company is registered in the industry reparation og vedligeholdelse af motorkøretøjer i.a.n.. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 8 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 638k and a net result of DKK 180k. CEO: Michael Warming Kristiansen.

Bankruptcy risk for Magnussen Biler ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number
38654071
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Fuglsang Allé 16
7000 Fredericia
Municipality
Fredericia
Industry
Reparation og vedligeholdelse af motorkøretøjer i.a.n. (953190)
Bankruptcies in the industry: Autoreparationsværksteder mv.
Share capital
DKK 50k
Employees
6 (2018)
Auditor
Revision &amp; Råd, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 8
Missing annual reportNo
Negative equityNo
Equity ratio48.1%
Current ratio108%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 2.4mDKK 2.6mDKK 2.4m
Net profitDKK 180kDKK 214kDKK 226k
EquityDKK 638kDKK 593kDKK 501k
Total assetsDKK 1.3mDKK 1.4mDKK 1.6m
CashDKK 61kDKK 34k–
Short-term debtDKK 608kDKK 721k–
Tax owedDKK 55kDKK 5,180–
Avg. employees44–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Revision &amp; Råd, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025175
1 Jan 2024 – 31 Dec 2024132
1 Jan 2023 – 31 Dec 2023131
1 Jan 2022 – 31 Dec 2022137
1 Jan 2021 – 31 Dec 2021161
1 Oct 2019 – 30 Sep 2020112
1 Oct 2018 – 30 Sep 2019137
16 May 2017 – 30 Sep 2018114

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

RoleNameFromTo
CEOMichael Warming KristiansenCurrent
Owner (100%)Michael Warming KristiansenCurrent
FounderMichael Warming KristiansenCurrent

Address history (2 moves)

Fuglsang Allé 16, 7000 Fredericia
Fuglsang Allé 16, 7000 Fredericia
Pilevej 37, 7000 Fredericia

Former names

Magnussen Biler ApS – now
Warmings Auto ApS –

Employees per year

Number of employees at Magnussen Biler ApS per year362017: 520172018: 62018

Other companies at the same address

Similar companies in Fredericia

Questions and answers about Magnussen Biler ApS

Has Magnussen Biler ApS gone bankrupt?

No, Magnussen Biler ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Magnussen Biler ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the CEO of Magnussen Biler ApS?

Michael Warming Kristiansen is the CEO of Magnussen Biler ApS.

Who is the auditor of Magnussen Biler ApS?

Magnussen Biler ApS most recently used Revision &amp; Råd, Statsautoriseret Revisionspartnerselskab.

When was Magnussen Biler ApS founded?

Magnussen Biler ApS was founded on 16 May 2017.

What is the equity of Magnussen Biler ApS?

Equity was DKK 638k according to the annual report for the period ending 31 December 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.