Millstream ApS

CVR 40539263 · Private limited company (ApS) · Active · Low risk

Millstream ApS is a Private limited company (ApS), founded on , based in Kruså. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 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 15.7m and a net result of DKK 327k. CEO: Niels Hendrik Müllenbach.

Bankruptcy risk for Millstream 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

Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
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×
Annual reports filed late2 · 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×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
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×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×

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
40539263
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Gl Kirkevej 6A
6340 Kruså
Municipality
Aabenraa
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 8.7m
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 7
Missing annual reportNo
Negative equityNo
Equity ratio63.6%
Current ratio7,898%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Revenue–DKK -275DKK 0
Gross profitDKK 0DKK -275DKK -6,269
Net profitDKK 327kDKK 216kDKK 5.4m
EquityDKK 15.7mDKK 15.4mDKK 15.4m
Total assetsDKK 24.7mDKK 15.4mDKK 16.2m
CashDKK 3.6mDKK 459–
Short-term debtDKK 45kDKK 0–
Tax owedDKK 45kDKK 0–
Avg. employees10–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023182
1 Jan 2022 – 31 Dec 2022177
1 Jan 2021 – 31 Dec 2021206 Late
1 Jan 2020 – 31 Dec 2020181
9 May 2019 – 31 Dec 2019237 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
CEONiels Hendrik MüllenbachCurrent
Owner (50%)Niels Hendrik MüllenbachCurrent
Owner (50%)Yannick MüllenbachCurrent
FounderNiels Hendrik MüllenbachCurrent
FounderYannick MüllenbachCurrent

The CEOs' other companies

Niels Hendrik Müllenbach – 1 other companies

Address history (0 moves)

Gl Kirkevej 6A, 6340 Kruså

Other companies at the same address

Similar companies in Aabenraa

Questions and answers about Millstream ApS

Has Millstream ApS gone bankrupt?

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

What is the bankruptcy risk of Millstream 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 CEO of Millstream ApS?

Niels Hendrik Müllenbach is the CEO of Millstream ApS.

When was Millstream ApS founded?

Millstream ApS was founded on 9 May 2019.

What is the equity of Millstream ApS?

Equity was DKK 15.7m 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.