MG Holding, Thy ApS
CVR 38768360 · Private limited company (ApS) · Active · Low risk
MG Holding, Thy ApS is a Private limited company (ApS), founded on , based in Hurup Thy. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 8 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 2.6m and a net result of DKK 914k. CEO: Michael Galsgaard.
Bankruptcy risk for MG Holding, Thy ApS
0.0 × the average (1.41%) · higher risk than 27% of active Danish companies
Increases the risk
Reduces the risk
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
- 38768360
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (9 years)
- Address
- c/o Michael Galsgaard, Oddesundvej 282
7760 Hurup Thy - Municipality
- Thisted
- Industry
- Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber - Share capital
- DKK 40k
- Auditor
- REVIFJORDGodkendt Revisionspartnerselskab
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 3 of 8 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 98.6% |
| Current ratio | 716% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 0 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 5 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK -11k | DKK -4,381 | DKK -6,559 |
| Net profit | DKK 914k | DKK 604k | DKK 366k |
| Equity | DKK 2.6m | DKK 1.7m | DKK 1.2m |
| Total assets | DKK 2.6m | DKK 1.8m | DKK 1.2m |
| Short-term debt | DKK 36k | DKK 24k | – |
| Avg. employees | 0 | – | – |
Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · REVIFJORDGodkendt Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 176 | ||
| 1 Jan 2024 – 31 Dec 2024 | 177 | ||
| 1 Jan 2023 – 31 Dec 2023 | 190 | Late | |
| 1 Jan 2022 – 31 Dec 2022 | 179 | ||
| 1 Jan 2021 – 31 Dec 2021 | 186 | Late | |
| 1 Jan 2020 – 31 Dec 2020 | 179 | ||
| 1 Jan 2019 – 31 Dec 2019 | 189 | Late | |
| 1 Jul 2017 – 31 Dec 2018 | 149 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Michael Galsgaard | Current | |
| Owner (100%) | Michael Galsgaard | Current | |
| Auditor | REVIFJORD Godkendt Revisionspartnerselskab | ||
| Founder | Michael Galsgaard | Current |
The CEOs' other companies
Michael Galsgaard – 4 other companies
- RM Holding, Thy ApS Active
- RM Udlejning ApS Active
- ReThyHeat ApS Active
- Thymotech ApS Active
Address history (1 moves)
| c/o Michael Galsgaard, Oddesundvej 282, 7760 Hurup Thy | |
| c/o Michael Galsgaard, Oddesundvej 282, 7760 Hurup Thy |
Former names
| MG Holding, Thy ApS | – now |
| MG Holding, Thy IVS | – |
Other companies at the same address
- Green Combustion Engines ApS Active
- RM Holding, Thy ApS Active
- RM Udlejning ApS Active
- ReThyHeat ApS Active
- Thymotech ApS Active
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- Snejstrup invest ApS Hanstholm
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- PW Ejendomme Hurup ApS Hurup Thy
- MP Holding Hurup ApS Hurup Thy
Questions and answers about MG Holding, Thy ApS
Has MG Holding, Thy ApS gone bankrupt?
No, MG Holding, Thy ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of MG Holding, Thy ApS?
Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.
Who is the CEO of MG Holding, Thy ApS?
Michael Galsgaard is the CEO of MG Holding, Thy ApS.
Who is the auditor of MG Holding, Thy ApS?
MG Holding, Thy ApS most recently used REVIFJORDGodkendt Revisionspartnerselskab.
When was MG Holding, Thy ApS founded?
MG Holding, Thy ApS was founded on 1 July 2017.
What is the equity of MG Holding, Thy ApS?
Equity was DKK 2.6m 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.