M. Westergaard Holding ApS

CVR 38684388 · Private limited company (ApS) · Active · Low risk

M. Westergaard Holding ApS is a Private limited company (ApS), founded on , based in Frederikshavn. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 8 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 563k and a net result of DKK 179k. CEO: Mikkel Mørk Westergaard.

Bankruptcy risk for M. Westergaard Holding 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

CEO's other companies0 · bankruptcy rate 10.9%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%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×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
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
38684388
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Sæbyvej 101
9900 Frederikshavn
Municipality
Frederikshavn
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Auditor
KOVSTED & SKOVGÅRD, REVISION & RÅDGIVNING, STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 8
Missing annual reportNo
Negative equityNo
Equity ratio6.3%
Current ratio0%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -8,625DKK -5,625
Net profitDKK 179kDKK 73k
EquityDKK 563kDKK 384k
Total assetsDKK 8.9mDKK 886k
Short-term debtDKK 413k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Kovsted &amp; Skovgård, Statsautoriseret revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025169
1 Jul 2023 – 30 Jun 2024109
1 Jul 2022 – 30 Jun 202396
1 Jul 2021 – 30 Jun 2022182
1 Jul 2020 – 30 Jun 2021155
1 Jul 2019 – 30 Jun 2020153
1 Jul 2018 – 30 Jun 2019103
2 Jun 2017 – 30 Jun 2018122

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
CEOMikkel Mørk WestergaardCurrent
Owner (100%)Mikkel Mørk WestergaardCurrent
AuditorKOVSTED & SKOVGÅRD, REVISION & RÅDGIVNING, STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
FounderMikkel Mørk WestergaardCurrent

The CEOs' other companies

Mikkel Mørk Westergaard – 2 other companies

Address history (3 moves)

Sæbyvej 101, 9900 Frederikshavn
Tjørnevej 67, 7442 Engesvang
Thit Jensens Gade 24, 7. tv, 8000 Aarhus C
Klokkebakken 17, 7400 Herning

Similar companies in Frederikshavn

Questions and answers about M. Westergaard Holding ApS

Has M. Westergaard Holding ApS gone bankrupt?

No, M. Westergaard Holding ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of M. Westergaard Holding 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 M. Westergaard Holding ApS?

Mikkel Mørk Westergaard is the CEO of M. Westergaard Holding ApS.

Who is the auditor of M. Westergaard Holding ApS?

M. Westergaard Holding ApS most recently used KOVSTED & SKOVGÅRD, REVISION & RÅDGIVNING, STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was M. Westergaard Holding ApS founded?

M. Westergaard Holding ApS was founded on 2 June 2017.

What is the equity of M. Westergaard Holding ApS?

Equity was DKK 563k according to the annual report for the period ending 30 June 2025.

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