Math Management ApS

CVR 38791761 · Private limited company (ApS) · Active · Low risk

Math Management ApS is a Private limited company (ApS), founded on , based in Aabybro. The company is registered in the industry rådgivende ingeniøraktiviteter inden for byggeri og anlægsarbejder. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 8 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 449k and a net result of DKK 32k. CEO: Mads Stagsted Holm.

Bankruptcy risk for Math Management ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 44% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Time since new CEO< 0.5 yrs · bankruptcy rate 11.6%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×

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
38791761
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Enebærvej 32
9440 Aabybro
Municipality
Jammerbugt
Industry
Rådgivende ingeniøraktiviteter inden for byggeri og anlægsarbejder (711210)
Bankruptcies in the industry: Rådgivende ingeniørvirksomhed inden for byggeri og anlægsarbejder
Share capital
DKK 50k
Employees
0 (2017)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late5 of 8
Missing annual reportNo
Negative equityNo
Equity ratio94.7%
Current ratio2,560%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 18kDKK 23kDKK 64k
Net profitDKK 32kDKK 17kDKK 55k
EquityDKK 449kDKK 417kDKK 401k
Total assetsDKK 474kDKK 438kDKK 432k
CashDKK 112kDKK 408k–
Short-term debtDKK 19kDKK 20k–
Tax owedDKK 2,391DKK 11k–
Avg. employees01–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025190 Late
1 Jan 2024 – 31 Dec 2024184 Late
1 Jan 2023 – 31 Dec 2023172
1 Jan 2022 – 31 Dec 2022194 Late
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 2020190 Late
1 Jan 2019 – 31 Dec 2019241 Late
12 Jul 2017 – 31 Dec 2018141

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
CEOMads Stagsted HolmCurrent
CEOTrine Stagsted Holm
CEOHenrik Krogh Holm
Owner (100%)MATH Holding ApSCurrent
FounderMATH Holding ApSCurrent

The CEOs' other companies

Henrik Krogh Holm – 15 other companies

Address history (0 moves)

Enebærvej 32, 9440 Aabybro

Employees per year

Number of employees at Math Management ApS per year112017: 02017

Other companies at the same address

Similar companies in Jammerbugt

Questions and answers about Math Management ApS

Has Math Management ApS gone bankrupt?

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

What is the bankruptcy risk of Math Management ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of Math Management ApS?

Mads Stagsted Holm is the CEO of Math Management ApS.

Who is the auditor of Math Management ApS?

Math Management ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Math Management ApS founded?

Math Management ApS was founded on 12 July 2017.

What is the equity of Math Management ApS?

Equity was DKK 449k 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.