MST Holding 2018 ApS

CVR 40100342 · Private limited company (ApS) · Active · Medium risk

MST Holding 2018 ApS is a Private limited company (ApS), founded on , based in Herning. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 1.8% over the next 12 months, which is 1.3 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 (31 Dec 2025) shows equity of DKK -203k and a net result of DKK -84k. CEO: Marco Samuel Moesby Tinggaard.

Bankruptcy risk for MST Holding 2018 ApS

1.8%
probability of bankruptcy within 12 months
Medium risk

1.3 × the average (1.41%) · higher risk than 81% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Capital changes1 · bankruptcy rate 7.0%0.80×
Age (years)5–10 yrs · bankruptcy rate 7.0%0.80×

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
40100342
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Lundvej 23
7400 Herning
Municipality
Herning
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 7
Missing annual reportNo
Negative equityYes
Equity ratio-616.4%
Current ratio14%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 77k––
Net profitDKK -84kDKK -6,574DKK -309k
EquityDKK -203kDKK -119kDKK -112k
Total assetsDKK 33kDKK 5DKK 5
CashDKK 33kDKK 5–
Short-term debtDKK 236kDKK 119k–
Tax owedDKK 8,360––
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 2025182
1 Jan 2024 – 31 Dec 2024174
1 Jan 2023 – 31 Dec 2023190 Late
1 Jan 2022 – 31 Dec 2022174
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020180
6 Dec 2018 – 31 Dec 2019219 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
CEOMarco Samuel Moesby TinggaardCurrent
Owner (100%)Marco Samuel Moesby TinggaardCurrent
FounderMarco Samuel Moesby TinggaardCurrent

The CEOs' other companies

Marco Samuel Moesby Tinggaard – 3 other companies, of which 1 bankrupt

Address history (1 moves)

Lundvej 23, 7400 Herning
c/o Marco Tinggaard, Niels Bohrs Vej 24, 7400 Herning

Former names

MST Holding 2018 ApS – now
MST Holding 2018 IVS –

Other companies at the same address

Similar companies in Herning

Questions and answers about MST Holding 2018 ApS

Has MST Holding 2018 ApS gone bankrupt?

No, MST Holding 2018 ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of MST Holding 2018 ApS?

Our model estimates a bankruptcy risk of 1.8% over the next 12 months (medium risk), which is 1.3 times the average for Danish companies.

Who is the CEO of MST Holding 2018 ApS?

Marco Samuel Moesby Tinggaard is the CEO of MST Holding 2018 ApS.

Who is the auditor of MST Holding 2018 ApS?

MST Holding 2018 ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was MST Holding 2018 ApS founded?

MST Holding 2018 ApS was founded on 6 December 2018.

What is the equity of MST Holding 2018 ApS?

Equity was DKK -203k 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.