M. piilgaard ApS

CVR 43078135 · Private limited company (ApS) · Active · Medium risk

M. piilgaard ApS is a Private limited company (ApS), founded on , based in Randers SØ. The company is registered in the industry fremstilling af møbler. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 4 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -168k and a net result of DKK -124k. CEO: Mads Piilgaard Bech.

Bankruptcy risk for M. piilgaard ApS

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% 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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Capital changes1 · bankruptcy rate 7.0%0.80×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×
CEO's other companies1 · bankruptcy rate 7.3%0.83×

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
43078135
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Finhvalen 15
8960 Randers SØ
Municipality
Randers
Industry
Fremstilling af møbler (310000)
Bankruptcies in the industry: Fremstilling af andre møbler
Share capital
DKK 41k
Auditor
Lokal Revision
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 4
Missing annual reportNo
Negative equityYes
Equity ratio-92.6%
Current ratio46%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -122kDKK 63k
Net profitDKK -124kDKK -64k
EquityDKK -168kDKK -45k
Total assetsDKK 182kDKK 179k
CashDKK 0–
Short-term debtDKK 350k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Lokal Revision.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025175
1 Jan 2024 – 31 Dec 2024182
1 Jan 2023 – 31 Dec 2023171
22 Feb 2022 – 31 Dec 2022369 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
CEOMads Piilgaard BechCurrent
CEOMads Piilgaard Bech
Owner (100%)Mads Piilgaard BechCurrent
FounderMads Piilgaard BechCurrent

The CEOs' other companies

Mads Piilgaard Bech – 1 other companies

Address history (0 moves)

Finhvalen 15, 8960 Randers SØ

Similar companies in Randers

Questions and answers about M. piilgaard ApS

Has M. piilgaard ApS gone bankrupt?

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

What is the bankruptcy risk of M. piilgaard ApS?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of M. piilgaard ApS?

Mads Piilgaard Bech is the CEO of M. piilgaard ApS.

Who is the auditor of M. piilgaard ApS?

M. piilgaard ApS most recently used Lokal Revision.

When was M. piilgaard ApS founded?

M. piilgaard ApS was founded on 22 February 2022.

What is the equity of M. piilgaard ApS?

Equity was DKK -168k 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.