MG Holding Thisted ApS

CVR 39471701 · Private limited company (ApS) · Active · Low risk

MG Holding Thisted ApS is a Private limited company (ApS), founded on , based in Grindsted. 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 0.1 times the average for Danish companies. 7 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK 147k and a net result of DKK -5,548.

Bankruptcy risk for MG Holding Thisted ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Current ratio500%+ · bankruptcy rate 1.5%0.17×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Negative equityNo · bankruptcy rate 5.1%0.58×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionSyddanmark · 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
39471701
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Primulavej 27
7200 Grindsted
Municipality
Billund
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 7
Missing annual reportNo
Negative equityNo
Equity ratio99.9%
Current ratio124,807%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -542DKK 0DKK -263
Net profitDKK -5,548DKK -225kDKK 332k
EquityDKK 147kDKK 153kDKK 439k
Total assetsDKK 147kDKK 153kDKK 562k
CashDKK 9,294DKK 8,458–
Short-term debtDKK 118DKK 161–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025181
1 Oct 2023 – 30 Sep 2024190 Late
1 Oct 2022 – 30 Sep 2023194 Late
1 Oct 2021 – 30 Sep 2022178
1 Oct 2020 – 30 Sep 2021162
1 Oct 2019 – 30 Sep 2020157
31 Aug 2018 – 30 Sep 2019163

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 Nordborg Gaarde
Owner (100%)Michael Nordborg GaardeCurrent
FounderMichael Nordborg GaardeCurrent

The CEOs' other companies

Michael Nordborg Gaarde – 2 other companies

Address history (2 moves)

Primulavej 27, 7200 Grindsted
Heimdalsvej 22A, 7200 Grindsted
Vestergade 38, 1., 7700 Thisted

Former names

MG Holding Thisted ApS – now
MG Holding Thisted IVS –

Other companies at the same address

Similar companies in Billund

Questions and answers about MG Holding Thisted ApS

Has MG Holding Thisted ApS gone bankrupt?

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

What is the bankruptcy risk of MG Holding Thisted ApS?

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

When was MG Holding Thisted ApS founded?

MG Holding Thisted ApS was founded on 31 March 2018.

What is the equity of MG Holding Thisted ApS?

Equity was DKK 147k according to the annual report for the period ending 30 September 2025.

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