MH Staalgaard ApS

CVR 38673858 · Private limited company (ApS) · Active · Low risk

MH Staalgaard ApS is a Private limited company (ApS), founded on , based in Nysted. The company is registered in the industry smedning og valsning af metal samt pulvermetallurgi. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 9 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 525k and a net result of DKK -203k. CEO: Michael Gaard.

Bankruptcy risk for MH Staalgaard ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%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×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Change in employeesUnchanged · bankruptcy rate 6.0%0.68×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×

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
38673858
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Michael Gaard, Klostervej 4
4880 Nysted
Municipality
Guldborgsund
Industry
Smedning og valsning af metal samt pulvermetallurgi (254000)
Bankruptcies in the industry: Maskinforarbejdning
Share capital
DKK 50k
Employees
7 (2018)
Auditor
Kamper + Andersen, statsautoriseret revisionsaktieselskab
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 9
Missing annual reportNo
Negative equityNo
Equity ratio18.0%
Current ratio118%
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 2.5mDKK 2.9mDKK 2.1m
Net profitDKK -203kDKK 858DKK -412k
EquityDKK 525kDKK 728kDKK 727k
Total assetsDKK 2.9mDKK 2.1mDKK 2.3m
CashDKK 242kDKK 87k–
Short-term debtDKK 2.3mDKK 1.2m–
Avg. employees67–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Kamper + Andersen, statsautoriseret revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024182
1 Jan 2023 – 31 Dec 2023208 Late
1 Jan 2022 – 31 Dec 2022205 Late
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020182
1 Jan 2019 – 31 Dec 2019245 Late
1 Jan 2018 – 31 Dec 2018116
30 May 2017 – 31 Dec 2017151

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 GaardCurrent
Owner (100%)MG Holding 2019 ApSCurrent
Owner (100%)Michael Gaard
FounderMichael GaardCurrent

The CEOs' other companies

Michael Gaard – 2 other companies

Address history (2 moves)

c/o Michael Gaard, Klostervej 4, 4880 Nysted
c/o Michael Gaard, Grønsundsvej 359B, 4871 Horbelev
Svalevej 4, 4871 Horbelev

Employees per year

Number of employees at MH Staalgaard ApS per year472017: 720172018: 72018

Other companies at the same address

Similar companies in Guldborgsund

Questions and answers about MH Staalgaard ApS

Has MH Staalgaard ApS gone bankrupt?

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

What is the bankruptcy risk of MH Staalgaard ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of MH Staalgaard ApS?

Michael Gaard is the CEO of MH Staalgaard ApS.

Who is the auditor of MH Staalgaard ApS?

MH Staalgaard ApS most recently used Kamper + Andersen, statsautoriseret revisionsaktieselskab.

When was MH Staalgaard ApS founded?

MH Staalgaard ApS was founded on 30 May 2017.

What is the equity of MH Staalgaard ApS?

Equity was DKK 525k 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.