M23 Holding ApS
CVR 40988424 · Private limited company (ApS) · Active · High risk
M23 Holding ApS is a Private limited company (ApS), founded on , based in Lystrup. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 5 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 64k and a net result of DKK -60k. CEO: Anders Horsbøl.
Bankruptcy risk for M23 Holding ApS
3.4%
probability of bankruptcy within 12 months
High risk
2.4 × the average (1.41%) · higher risk than 88% of active Danish companies
Lowest riskHighest risk
Increases the risk
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Reduces the risk
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Negative equityNo · bankruptcy rate 5.1%0.58×
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
- 40988424
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (6 years)
- Address
- c/o Bennu Development, Lyshøjen 8A, st. tv
8520 Lystrup - Municipality
- Aarhus
- Industry
- Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber - Share capital
- DKK 40k
- Auditor
- BDO Statsautoriseret Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 3 of 5 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 9.0% |
| Current ratio | 103% |
| Moves (last 2 years) | 1 |
| CEO changes in total | 7 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 106 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK -35k | DKK -13k |
| Net profit | DKK -60k | DKK -49k |
| Equity | DKK 64k | DKK 124k |
| Total assets | DKK 710k | DKK 723k |
| Cash | DKK 0 | – |
| Short-term debt | DKK 646k | – |
| Tax owed | DKK 0 | – |
| Avg. employees | 0 | – |
Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jul 2024 – 30 Jun 2025 | 198 | Late | |
| 1 Jul 2023 – 30 Jun 2024 | 198 | Late | |
| 1 Jul 2022 – 30 Jun 2023 | 209 | Late | |
| 1 Jul 2021 – 30 Jun 2022 | 134 | ||
| 28 Nov 2019 – 31 Dec 2020 | 124 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Anders Horsbøl | Current | |
| CEO | Morten Thøgersen | ||
| CEO | Lars-Erik Mors Larsen | ||
| CEO | Søren Hampen Kristensen | ||
| CEO | Bünyamin Simsek | ||
| Owner (100%) | NS Estate Holding ApS | Current | |
| Owner (50%) | MORTEN THØGERSEN HOLDING ApS | ||
| Owner (50%) | Mors Larsen II ApS | ||
| Owner (50%) | MORS LARSEN A/S | ||
| Owner (33%) | MORTEN THØGERSEN HOLDING ApS | ||
| Owner (33%) | MORS LARSEN A/S | ||
| Owner (33%) | NS Estate Holding ApS | ||
| Owner (67%) | NS Estate Holding ApS | ||
| Auditor | BDO Statsautoriseret Revisionspartnerselskab | Current | |
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | EY Godkendt Revisionspartnerselskab | ||
| Auditor | BDO Holding VII, statsautoriseret revisionsaktieselskab | ||
| Founder | MORTEN THØGERSEN HOLDING ApS | Current | |
| Founder | Mors Larsen II ApS | Current |
The CEOs' other companies
Anders Horsbøl – 53 other companies, of which 23 bankrupt
- ACASHCARD A/S Bankrupt 1 Jul 2010
- ANPARTSSELSKABET AF 9/9 2005 Bankrupt 19 Jan 2009
- BYGGESELSKABET ApS Bankrupt 31 Oct 2007
- BYGGESELSKABET BYG OG BO ApS Bankrupt 9 Jun 2008
- DANSK MODUL BYG ApS Bankrupt 3 Sep 2013
- EJENDOMSSELSKABET AF 19. APRIL 2005 ApS Bankrupt 27 May 2008
- EJENDOMSSELSKABET ANEBJERG ApS Bankrupt 31 May 2018
- EJENDOMSSELSKABET SCT. THOMMAS ApS Bankrupt 9 Jun 2008
- FABRIKSVEJ 21 A/S Bankrupt 20 Dec 2012
- HANDELSSELSKABET AF 29/9-2005, AARHUS A/S Bankrupt 9 Jun 2008
- HANS KNUDSENS PLADS ApS Bankrupt 9 Jun 2008
- LYNGBYVEJ ApS Bankrupt 9 Jun 2008
- NORDIC GRUPPEN ApS Bankrupt 26 Aug 2008
- NORDIC GRUPPEN DEVELOPMENT A/S Bankrupt 27 May 2008
- NORDIC GRUPPEN EJENDOMME ApS Bankrupt 9 Jun 2008
- NORDIC GRUPPEN FINANS ApS Bankrupt 9 Jun 2008
- NORDIC HUSET ApS Bankrupt 9 Jun 2008
- RÅDHUSSTRÆDE ApS Bankrupt 9 Jun 2008
- SEJRØGADE ApS Bankrupt 9 Jun 2008
- SKAGEN SOMMERHUSGRUNDE ApS Bankrupt 9 Jun 2008
- SV NORDIC A/S Bankrupt 17 May 2010
- TE27 ApS Bankrupt 28 Dec 2023
- THORSMINDE FERIEBOLIG ApS Bankrupt 9 Jun 2008
- 01.07.2026 ApS Active
- 08.06.2026 ApS Active
- 1927 Estate Development ApS Active
- 1927 Estate Ejendomme ApS Active
- 1927 Estate Holding ApS Active
- 21.06.21 ApS Active
- ADD DEVELOPMENT ApS Active
Morten Thøgersen – 49 other companies, of which 1 bankrupt
- HEIMO TOTALBYG ApS Bankrupt 24 Feb 1999
- A. Thøgersen Invest ApS Active
- Blomsterhaven ML ApS Active
- Bykvalitet 2 ApS Active
- EJENDOMSSELSKABET BRENDSTRUPGÅRDSVEJ 9 ApS ÅRHUS N Opløst
- EJENDOMSSELSKABET SKÆRING SKOLEVEJ ApS Opløst
- EJENDOMSSELSKABET SØBYEN A/S Opløst
- EJENDOMSSELSKABET SØHUSENE ApS Active
- ELLEBRINKEN ApS Opløst
- ENGELUNDSVEJ ApS Opløst
- Ejendomsselskabet Ellemosen 11 Ry ApS Active
- Ejendomsselskabet Ellemosen 9 Ry ApS Active
- Ejendomsselskabet MTML ApS Fusioneret
- Ejendomsselskabet Rugaarden 8 ApS Active
- Ejendomsselskabet SMV ApS Active
- Frandsen8680 ApS Active
- Fælles Midlertidig Holding ApS Fusioneret
- Havgården ApS Active
- IHV ApS Active
- JENS BAGGESENS VEJ ApS Opløst
- Jens Baggesens Vej 27 ApS Fusioneret
- KAJ OVE MADSEN A/S AARHUS Active
- KOM UDVIKLING ÅRHUS A/S Active
- Kanalhuset Cph ApS Opløst
- Komplementarselskabet Midtfasen 3 ApS Active
- Kreum A/S Active
- M23 ApS Active
- MFR INVEST ApS Opløst
- MKK Ejendomme ApS Active
- MORTEN THØGERSEN HOLDING ApS Active
Lars-Erik Mors Larsen – 44 other companies, of which 19 bankrupt
- AKTIESELSKABET AF 11. JUNI 2009 Bankrupt 1 Sep 2009
- AKTIESELSKABET BEP AF 19. OKTOBER 2009 Bankrupt 10 Dec 2009
- AKTIESELSKABET HPF AF 9. DECEMBER 2009 Bankrupt 21 Dec 2009
- AKTIESELSKABET VL AF 19. OKTOBER 2009 Bankrupt 10 Dec 2009
- CUBIS A/S Bankrupt 26 Aug 2010
- CUBIS FINANS ApS Bankrupt 6 Sep 2010
- CUBIS HOLDING A/S Bankrupt 26 Aug 2010
- CUBIS INVEST A/S Bankrupt 26 Aug 2010
- EJENDOMSSELSKABET BRYGGERVEJ A/S Bankrupt 26 Aug 2010
- EJENDOMSSELSKABET RESENBRO A/S Bankrupt 26 Aug 2010
- EJENDOMSSELSKABET SYLBÆKVEJ A/S Bankrupt 26 Aug 2010
- EJENDOMSSELSKABET SØREN FRICHS VEJ A/S Bankrupt 26 Aug 2010
- GreenDozer.com ApS Bankrupt 12 Feb 2025
- HOLDINGSELSKABET AF 9. MAJ 2008 A/S Bankrupt 26 Aug 2010
- KVADO A/S Bankrupt 10 Dec 2009
- LIFA DESIGN ÅRHUS A/S Bankrupt 17 Nov 2009
- RS INDUSTRI A/S Bankrupt 24 May 2017
- RSI A/S Bankrupt 27 Jan 2010
- TIP TOP INTERNATIONAL A/S Bankrupt 16 Dec 2009
- AKTIESELSKABET AF 10. AUGUST 2009 Compulsorily dissolved
- AKTIESELSKABET HAVNEINVEST Active
- ANPARTSSELSKABET LEL ÅRHUS Opløst
- ANPARTSSELSKABET ÆGGEPAKKERIET Active
- Absurd Aarhus ApS Active
- Anpartsselskabet Lighthouse Erhverv Active
- Anpartsselskabet Lighthouse Living Active
- Anpartsselskabet Lighthouse Sale Living Unit Active
- Anpartsselskabet Lighthouse United Active
- BANGS GÅRD A/S Active
- BE2 A/S Active
Søren Hampen Kristensen – 58 other companies, of which 5 bankrupt
- ACASHCARD A/S Bankrupt 1 Jul 2010
- ADMORE AMBIENT ApS Bankrupt 14 Jul 2010
- DPS Jylland ApS Bankrupt 4 Jan 2024
- Q CONSTRUCTION A/S Bankrupt 5 May 2022
- TE27 ApS Bankrupt 28 Dec 2023
- 01.07.2026 ApS Active
- 1927 Estate Development ApS Active
- 1927 Estate Ejendomme ApS Active
- 1927 Estate Holding ApS Active
- 21.06.21 ApS Active
- ADD DEVELOPMENT ApS Active
- AMBO BYG & RÅDGIVNING ApS Opløst
- Administration af 01.05.2024 ApS Active
- Armadillo Invest ApS Active
- BANGS GÅRD A/S Active
- BM Nordlandsvej ApS Active
- BUNKER INVEST ApS Active
- Bangs Gård Holding ApS Active
- Birch Nørrestrand Holding ApS Active
- Birch Nørrestrand Totalentreprise ApS Active
- Birch Vindinge A ApS Active
- Birch Vindinge B ApS Active
- BlokBeton A/S Opløst
- Blomsterhaven 2 Aarhus ApS Opløst
- Blomsterhaven 3 Aarhus ApS Opløst
- Blomsterhaven ML ApS Active
- Blomsterhaven ML Komplementar ApS Opløst
- Blomsterhaven PT ApS Active
- Brinken, Skanderborg ApS Active
- Bybladet Komplementar ApS Opløst
Bünyamin Simsek – 58 other companies
- 01.07.2026 ApS Active
- 1927 Estate Development ApS Active
- 1927 Estate Ejendomme ApS Active
- 1927 Estate Holding ApS Active
- 21.06.21 ApS Active
- Aarhus Havn A/S Active
- Aarhus Letbane Ejendomme ApS Active
- Administration af 01.05.2024 ApS Active
- BM Nordlandsvej ApS Active
- BSEK Invest ApS Opløst
- Bangs Gård Holding ApS Active
- Blomsterhaven PT ApS Active
- Brinken, Skanderborg ApS Active
- Bybladet Komplementar ApS Opløst
- Byggemodningsselskabet Havkærvej ApS Active
- DANSK GENVINDING A/S Fusioneret
- EJENDOMSGRUPPEN II ApS Active
- GAS Holding ApS Active
- GAS I Butik ApS Active
- Kongensgade 88-90 Komplementar ApS Active
- Kongensgade Holding ApS Active
- LYS 1 afd. 1 ApS Active
- Lyn Invest ApS Opløst
- Lystrup Enge ApS Active
- M23 ApS Active
- Micro Living Holding A/S Active
- NS Estate 4 ApS Active
- NS Estate 6 Komplementar ApS Active
- NS Estate 9 ApS Active
- NS Estate Holding ApS Active
Address history (4 moves)
| c/o Bennu Development, Lyshøjen 8A, st. tv, 8520 Lystrup | |
| c/o 1927 Estate, Nordre Strandvej 58, 8240 Risskov | |
| c/o 1927 Estate, Nordre Strandvej 43, 8240 Risskov | |
| c/o Kaj Ove Madsen A/S Aarhus, Læsøvej 6, 8382 Hinnerup | |
| c/o Mors Larsen ApS, Klostergade 2, 3. 1, 8000 Aarhus C |
Other companies at the same address
- ASIATISK IMPORT ApS Bankrupt
- Orshade Europe ApS Bankrupt
- 08.06.2026 ApS Active
- 1927 Estate Development ApS Active
- 1927 Estate Ejendomme ApS Active
- 1927 Estate Holding ApS Active
- 21.06.21 ApS Active
- AH Invest ApS Active
- Anca Holding ApS Active
- BM Nordlandsvej ApS Active
- BUNKER INVEST ApS Active
- BVBH Holding ApS Active
- Bennu Development ApS Active
- Bennu Holding ApS Active
- Blomsterhaven PT ApS Active
- Bredskifte Parken ApS Active
- Brinken, Skanderborg ApS Active
- Bunker Invest 2 ApS Active
- Bunker Invest 3 ApS Active
- Bunker Invest Holding ApS Active
- Byggemodningsselskabet Havkærvej ApS Active
- CAPTRE Partner ApS Active
- CJBH Holding ApS Active
- Captre Kolding2 ApS Active
- DC Udvikling Aars ApS Active
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- ASX 820 ApS Aarhus C
- PTNS INVEST ApS Viby J
- LYSMOSE TRADING ApS Viby J
- KOMPLEMENTAR ATLANTIC ApS Aarhus C
- AA 78 ApS Hasselager
- SHIPMAN HOLDING A/S Egå
- Nanina Holding ApS Tranbjerg J
- OKN Ejendomme ApS Aarhus C
- TORSTEN KRAGH HOLDING ApS Aarhus N
Questions and answers about M23 Holding ApS
Has M23 Holding ApS gone bankrupt?
No, M23 Holding ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of M23 Holding ApS?
Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.
Who is the CEO of M23 Holding ApS?
Anders Horsbøl is the CEO of M23 Holding ApS.
Who is the auditor of M23 Holding ApS?
M23 Holding ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.
When was M23 Holding ApS founded?
M23 Holding ApS was founded on 28 November 2019.
What is the equity of M23 Holding ApS?
Equity was DKK 64k according to the annual report for the period ending 30 June 2025.
Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.