Millings ApS

CVR 43244671 · Private limited company (ApS) · Active · Low risk

Millings ApS is a Private limited company (ApS), founded on , based in Frørup. The company is registered in the industry tømrer- og bygningssnedkeraktiviteter. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 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 527k and a net result of DKK 353k. CEO: Kristian Mads Milling Pedersen.

Bankruptcy risk for Millings ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 59% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Share of late annual reports25%–50% · 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×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
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×
RegionSyddanmark · bankruptcy rate 6.0%0.68×

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
43244671
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Svendborg Landevej 32
5871 Frørup
Municipality
Nyborg
Industry
Tømrer- og bygningssnedkeraktiviteter (433200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 4
Missing annual reportNo
Negative equityNo
Equity ratio56.5%
Current ratio227%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 938kDKK 695k
Net profitDKK 353kDKK 191k
EquityDKK 527kDKK 170k
Total assetsDKK 933kDKK 511k
CashDKK 723k–
Short-term debtDKK 386k–
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 2025159
1 Jan 2024 – 31 Dec 2024116
1 Jan 2023 – 31 Dec 2023167
5 May 2022 – 31 Dec 2022213 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
CEOKristian Mads Milling PedersenCurrent
Owner (100%)Millings Holding ApSCurrent
FounderMillings Holding ApSCurrent

The CEOs' other companies

Kristian Mads Milling Pedersen – 3 other companies

Address history (0 moves)

Svendborg Landevej 32, 5871 Frørup

Other companies at the same address

Similar companies in Nyborg

Questions and answers about Millings ApS

Has Millings ApS gone bankrupt?

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

What is the bankruptcy risk of Millings ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Millings ApS?

Kristian Mads Milling Pedersen is the CEO of Millings ApS.

When was Millings ApS founded?

Millings ApS was founded on 5 May 2022.

What is the equity of Millings ApS?

Equity was DKK 527k 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.