MSAC ApS

CVR 41300388 · Private limited company (ApS) · Active · High risk

MSAC ApS is a Private limited company (ApS), founded on , based in Tilst. The company is registered in the industry ikke-specialiseret engroshandel. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 6 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 352k and a net result of DKK -27k. CEO: Ayah Leth.

Bankruptcy risk for MSAC 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×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · 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×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
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×
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
41300388
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Blomstervej 44
8381 Tilst
Municipality
Aarhus
Industry
Ikke-specialiseret engroshandel (469000)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 6
Missing annual reportNo
Negative equityNo
Equity ratio57.9%
Current ratio48%
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address11
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 20kDKK -45k–
Net profitDKK -27kDKK -62kDKK 61k
EquityDKK 352kDKK 389kDKK 451k
Total assetsDKK 609kDKK 614kDKK 1.0m
CashDKK 6,053DKK 12k–
Short-term debtDKK 256kDKK 225k–
Tax owedDKK 69kDKK 56k–
Avg. employees1––

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025173
1 Jan 2024 – 31 Dec 2024174
1 Jan 2023 – 31 Dec 2023214 Late
1 Jan 2022 – 31 Dec 2022201 Late
1 Jan 2021 – 31 Dec 2021187 Late
15 Apr 2020 – 31 Dec 2020148

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
CEOAyah LethCurrent
CEOStoyan Atanasov Chernaev
Owner (100%)Ayah LethCurrent
Owner (20%)Stoyan Atanasov Chernaev
Owner (67%)Ayah Leth
Owner (20%)Duojiao Dong
FounderStoyan Atanasov ChernaevCurrent

The CEOs' other companies

Stoyan Atanasov Chernaev – 1 other companies, of which 1 bankrupt

Address history (4 moves)

Blomstervej 44, 8381 Tilst
Grøfthøjparken 152, 2. 4, 8260 Viby J
Reberbansgade 13A, st. tv, 9000 Aalborg
Grøfthøjparken 152, 2. 4, 8260 Viby J
Hobrovej 33, 1. th, 8900 Randers C

Other companies at the same address

Similar companies in Aarhus

Questions and answers about MSAC ApS

Has MSAC ApS gone bankrupt?

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

What is the bankruptcy risk of MSAC 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 MSAC ApS?

Ayah Leth is the CEO of MSAC ApS.

When was MSAC ApS founded?

MSAC ApS was founded on 15 April 2020.

What is the equity of MSAC ApS?

Equity was DKK 352k 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.