MAD Shipping ApS

CVR 38832239 · Private limited company (ApS) · Active · Low risk

MAD Shipping ApS is a Private limited company (ApS), founded on , based in Hvalsø. The company is registered in the industry virksomhedsrådgivning og anden ledelsesrådgivning. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 9 annual reports have been published. The latest annual report (30 Nov 2025) shows equity of DKK 1.0m and a net result of DKK -50k.

Bankruptcy risk for MAD Shipping ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 15% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%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×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
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
38832239
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Michael Adeltoft, Holbækvej 22
4330 Hvalsø
Municipality
Lejre
Industry
Virksomhedsrådgivning og anden ledelsesrådgivning (702000)
Bankruptcies in the industry: Virksomhedsrådgivning og anden rådgivning om driftsledelse
Share capital
DKK 50k
Employees
1 (2018)
Auditor
Trekroner Revision A/S
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 9
Missing annual reportNo
Negative equityNo
Equity ratio97.9%
Current ratio4,092%
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 -43kDKK -58k
Net profitDKK -50kDKK 1.3m
EquityDKK 1.0mDKK 1.3m
Total assetsDKK 1.1mDKK 1.3m
CashDKK 717k–
Short-term debtDKK 22k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Trekroner Revision A/S.

Filed annual reports

Reporting periodPublishedDays after period end
1 Dec 2024 – 30 Nov 202536
1 Dec 2023 – 30 Nov 202458
1 Dec 2022 – 30 Nov 2023140
1 Dec 2021 – 30 Nov 202237
1 Dec 2020 – 30 Nov 202177
1 Dec 2019 – 30 Nov 2020116
1 Dec 2018 – 30 Nov 201994
1 Dec 2017 – 30 Nov 201838
26 Jul 2017 – 30 Nov 201718

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
Owner (100%)Michael Uttenthal AdeltoftCurrent
FounderMichael Uttenthal AdeltoftCurrent

Address history (1 moves)

c/o Michael Adeltoft, Holbækvej 22, 4330 Hvalsø
c/o Michael Adeltoft, Holbækvej 22, 4330 Hvalsø

Employees per year

Number of employees at MAD Shipping ApS per year112017: 020172018: 12018

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Questions and answers about MAD Shipping ApS

Has MAD Shipping ApS gone bankrupt?

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

What is the bankruptcy risk of MAD Shipping ApS?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the auditor of MAD Shipping ApS?

MAD Shipping ApS most recently used Trekroner Revision A/S.

When was MAD Shipping ApS founded?

MAD Shipping ApS was founded on 26 July 2017.

What is the equity of MAD Shipping ApS?

Equity was DKK 1.0m according to the annual report for the period ending 30 November 2025.

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