MSAH ApS

CVR 44715007 · Private limited company (ApS) · Active · Low risk

MSAH ApS is a Private limited company (ApS), founded on , based in Nørre Aaby. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 2 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 1.1m and a net result of DKK 1.0m. CEO: Claus Brønd Larsen, Dan Elgaard Rasmussen.

Bankruptcy risk for MSAH 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)2 yrs · bankruptcy rate 18.9%2.1×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Published annual reports2 · bankruptcy rate 16.7%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Auditor resigned in the last yearYes · 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×

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
44715007
Status
Active
Company type
Private limited company (ApS)
Founded
(2 years)
Address
c/o Claus Brønd Larsen, Søndermarken 27
5580 Nørre Aaby
Municipality
Middelfart
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Auditor
PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 2
Missing annual reportNo
Negative equityNo
Equity ratio99.1%
Current ratio10,727%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -120kDKK -15k
Net profitDKK 1.0mDKK -9,935
EquityDKK 1.1mDKK 395k
Total assetsDKK 1.1mDKK 1.7m
CashDKK 149k–
Short-term debtDKK 10k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025162
21 Mar 2024 – 30 Jun 2024186 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
CEOClaus Brønd LarsenCurrent
CEODan Elgaard RasmussenCurrent
BoardClaus Brønd LarsenCurrent
BoardDan Elgaard RasmussenCurrent
BoardNiels Elbek
Owner (50%)DANER HOLDING ApSCurrent
Owner (50%)CBL HOLDING ApSCurrent
Owner (33%)DANER HOLDING ApS
Owner (33%)CBL HOLDING ApS
Owner (33%)NE SOLUTION ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderDANER HOLDING ApSCurrent
FounderCBL HOLDING ApSCurrent
FounderNE SOLUTION ApSCurrent

The CEOs' other companies

Claus Brønd Larsen – 11 other companies, of which 2 bankrupt

Dan Elgaard Rasmussen – 7 other companies, of which 1 bankrupt

Address history (1 moves)

c/o Claus Brønd Larsen, Søndermarken 27, 5580 Nørre Aaby
Emil Møllers Gade 41D, 8700 Horsens

Other companies at the same address

Similar companies in Middelfart

Questions and answers about MSAH ApS

Has MSAH ApS gone bankrupt?

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

What is the bankruptcy risk of MSAH 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 MSAH ApS?

Claus Brønd Larsen, Dan Elgaard Rasmussen are the CEOs of MSAH ApS.

Who is the auditor of MSAH ApS?

MSAH ApS most recently used PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

When was MSAH ApS founded?

MSAH ApS was founded on 21 March 2024.

What is the equity of MSAH ApS?

Equity was DKK 1.1m 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.