MA-REN ApS

CVR 39642344 · Private limited company (ApS) · Active · Medium risk

MA-REN ApS is a Private limited company (ApS), founded on , based in Ballerup. The company is registered in the industry udførelse af gulvbelægninger og vægbeklædning. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 7 annual reports have been published, of which 6 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 193k and a net result of DKK 176k.

Bankruptcy risk for MA-REN ApS

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
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×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
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×

Reduces the risk

Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Equity vs. share capital2–5× · bankruptcy rate 6.3%0.72×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
39642344
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
c/o Vojislav Miletic, Baltorpvej 134, 3. th
2750 Ballerup
Municipality
Ballerup
Industry
Udførelse af gulvbelægninger og vægbeklædning (433300)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 50k
Employees
1 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late6 of 7
Missing annual reportNo
Negative equityNo
Equity ratio26.4%
Current ratio115%
Moves (last 2 years)0
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 2.2mDKK 2.1m
Net profitDKK 176kDKK 27k
EquityDKK 193kDKK 18k
Total assetsDKK 733kDKK 889k
CashDKK 323k–
Short-term debtDKK 540k–
Tax owedDKK 117k–
Avg. employees6–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025187 Late
1 Jan 2024 – 31 Dec 2024184 Late
1 Jan 2023 – 31 Dec 2023190 Late
1 Jan 2022 – 31 Dec 2022180
1 Jan 2021 – 31 Dec 2021193 Late
1 Jan 2020 – 31 Dec 2020195 Late
1 Jul 2018 – 31 Dec 2019240 Late

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
CEOMaciej Krzysztof Ciesielski
CEOJerzy Andrzej Budyka
CEOVojislav Miletic
Owner (100%)Vojislav MileticCurrent
Owner (100%)Maciej Krzysztof Ciesielski
FounderMaciej Krzysztof CiesielskiCurrent

Address history (4 moves)

c/o Vojislav Miletic, Baltorpvej 134, 3. th, 2750 Ballerup
c/o Vojislav Miletic, Baltorpvej 134, 3. th, 2750 Ballerup
c/o Vojislav Miletic, Østervej 11E, 2750 Ballerup
Baltorpvej 38, 3. th, 2750 Ballerup
c/o ADMGroup ApS, Carl Jacobsens Vej 17G, st., 2500 Valby

Former names

MA-REN ApS – now
MA-ren ApS –

Employees per year

Number of employees at MA-REN ApS per year112018: 12018

Similar companies in Ballerup

Questions and answers about MA-REN ApS

Has MA-REN ApS gone bankrupt?

No, MA-REN ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of MA-REN ApS?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

When was MA-REN ApS founded?

MA-REN ApS was founded on 14 June 2018.

What is the equity of MA-REN ApS?

Equity was DKK 193k 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.