MSA Nordic ApS

CVR 43915231 · Private limited company (ApS) · Active · High risk

MSA Nordic ApS is a Private limited company (ApS), founded on , based in Ishøj. The company is registered in the industry engroshandel med medicinalvarer og sygeplejeartikler. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 413k and a net result of DKK 339k.

Bankruptcy risk for MSA Nordic 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

Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Equity ratio20%–40% · bankruptcy rate 6.9%0.79×

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
43915231
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Vejlebrovej 115, 4. mf
2635 Ishøj
Municipality
Ishøj
Industry
Engroshandel med medicinalvarer og sygeplejeartikler (464610)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityNo
Equity ratio28.5%
Current ratio67%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 1.8mDKK 351k
Net profitDKK 339kDKK 34k
EquityDKK 413kDKK 74k
Total assetsDKK 1.4mDKK 233k
CashDKK 665k–
Short-term debtDKK 998k–
Tax owedDKK 63k–
Avg. employees4–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025174
1 Jan 2024 – 31 Dec 2024129
9 Mar 2023 – 31 Dec 2023156

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
CEOMuhammed Ali Akbuga
CEOAdrian Sasivari
Owner (50%)Muhammed Ali AkbugaCurrent
Owner (50%)Adrian SasivariCurrent
FounderMuhammed Ali AkbugaCurrent
FounderAdrian SasivariCurrent

The CEOs' other companies

Muhammed Ali Akbuga – 1 other companies

Address history (0 moves)

Vejlebrovej 115, 4. mf, 2635 Ishøj

Other companies at the same address

Similar companies in Ishøj

Questions and answers about MSA Nordic ApS

Has MSA Nordic ApS gone bankrupt?

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

What is the bankruptcy risk of MSA Nordic 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.

When was MSA Nordic ApS founded?

MSA Nordic ApS was founded on 9 March 2023.

What is the equity of MSA Nordic ApS?

Equity was DKK 413k 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.