MP 2023 A/S
A/SDissolvedAdvertising protectionCVR 26928834Julius Thomsensvej 2, 7100 VejleWholesale of agricultural machinery, equipment and supplies· NACE 4661Est. 2002 · 23 years old16 employees
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Overview
MP 2023 A/S is a Danish A/S based in Vejle, operating in the Wholesale of agricultural machinery, equipment and supplies sector. Incorporated in 2002, the company has 16 employees and reported a gross profit of DKK 11.7m in its latest annual filing.
Gross profit 2022
11.7M DKK
+8% vs 2021
EBITDA margin (of gross profit)
34.8 %
+9% vs 2021
Net profit 2022
5.9M DKK
+81% vs 2021
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-15.4 %
Very weakAmong the 20% lowest rated companies in the industry
20182022
Liquidity ratioCurrent assets ÷ Short-term debt
1.7×
AverageAround the average of companies in the same industry
20182022
Return on assets (ROA)Net profit ÷ Total assets × 100
14.2 %
StrongAmong the 30% highest rated companies in the industry
20182022
EBITDA — year on year
DKK thousandsKey figures
Annual report 2022| Gross profit | 11.7M DKK | +8% |
| EBITDA | 4.1M DKK | +9% |
| Net profit | 5.9M DKK | +81% |
| Total assets | 41.7M DKK | +95% |
| Equity | -6.4M DKK | +48% |
| Employees | 16 | — |
Company information
Legal name
MP 2023 A/S
CVR number
26928834
Legal form
Aktieselskab
NACE code
Founded
30 December 2002 · 23 years
Share capital
DKK 500,000
Employees
16 (FTE)
VAT registered
No
Audit selected
No
Last report
2022-09-30
Financial year
January – December
Signatory rights
Selskabet tegnes af bestyrelsesformanden alene, eller af den samlede bestyrelse eller af 1 direktør
Contact
Address
Julius Thomsensvej 2, 7100 Vejle
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2022), MP 2023 A/S reported a gross profit of DKK 11.7m, an increase of 8% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net profit of DKK 5.9m, and the EBITDA margin stood at 34.8%.
At the end of 2022, current assets covered short-term debt 1.7 times.
Financials
Gross profit
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Gross profit | 11,701 | 10,873 | 6,925 | -2,281 | 9,525 |
| Staff expenses | -7,627 | -7,120 | -5,143 | -6,733 | -10,443 |
| EBITDA | 4,074 | 3,754 | 1,782 | -9,015 | -918 |
| Depreciation & amort. | -328 | -261 | -170 | -97 | -403 |
| EBIT | 3,746 | 3,493 | 1,612 | -9,112 | -1,321 |
| Net financials | 2,272 | 117 | -587 | -126 | -2,014 |
| Profit before tax | 6,017 | 3,287 | 829 | -10,973 | -3,335 |
| Tax | 72 | -0 | -1,743 | -0 | -0 |
| Net profit | 5,945 | 3,287 | 2,571 | -10,973 | -3,335 |
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Balance sheet
DKK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Total assets | 41,727 | 21,416 | 15,151 | 8,699 | 19,750 |
| Equity | -6,430 | -12,375 | -15,663 | -18,234 | -7,260 |
| Long-term debt | 23,799 | 24,154 | 24,802 | 3,897 | 13,883 |
| Short-term debt | 24,358 | 9,638 | 6,011 | 23,036 | 13,127 |
| Total debt | 48,157 | 33,791 | 30,813 | 26,932 | 27,010 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
34.8 %
20182022
Equity ratio
-15.4 %
Very weakAmong the 20% lowest rated companies in the industry
20182022
Return on equity
—
20182022
Net profit margin (of gross profit)
50.8 %
20182022
Asset turnover (of gross profit)
0.28×
20182022
Debt / equity
—
20182022
Sector performance
17 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on assets (ROA)Strong
Among the 30% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Basic earning power (BEP)Strong
Among the 40% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 30% highest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Liquidity
Current ratioAverage
Around the average of companies in the same industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 30% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioWeak
Among the 40% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Fixed assets to long-term capitalAverage
Around the average of companies in the same industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery weak
Among the 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Debt & solvency
Solidity ratioVery weak
Among the 20% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioVery weak
Among the 20% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Income to debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 30% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 30% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery strong
Among the 20% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Efficiency & development
Equity to contributed capitalVery weak
Among the 10% lowest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in debtVery weak
Among the 20% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Asset turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
- Annual report 2022Filed via CVR / Virk · Period 2021-10-01 – 2022-09-30
- Annual report 2021Filed via CVR / Virk · Period 2020-10-01 – 2021-09-30
- Annual report 2020Filed via CVR / Virk · Period 2020-01-01 – 2020-09-30
- Annual report 2019Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (4)
JK Chief Executive Officer | Chief Executive Officer | 2021 – 2023 |
CM Management | Management | 2002 – 2018 |
NV Management | Management | 2022 – 2023 |
LA Chief Executive Officer | Chief Executive Officer | 2018 – 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (10)
NT Board of Directors | Board of Directors | 2019 – 2020 |
JK Chairman | Chairman | 2020 – 2021 |
CM Board of Directors | Board of Directors | 2002 – 2019 |
NM Board of Directors | Board of Directors | 2019 – 2020 |
ÅM Chairman | Chairman | 2021 – 2023 |
BK Chairman | Chairman | 2023 – 2023 |
EM Chairman | Chairman | 2018 – 2019 |
NV Board of Directors | Board of Directors | 2020 – 2021 |
LO Board of Directors | Board of Directors | 2007 – 2012 |
LA Chairman | Chairman | 2011 – 2018 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2008 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
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Related companies
Company hierarchy
Anpartsselskabet af 26. september 2023
MP 2023 A/S Board network connections
Board members of MP 2023 A/S also hold positions in 51 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Niels Mikael Hald | Board of Directors | 12 companiesMany roles |
| Jesper Kragmann | Chief Executive Officer | 11 companiesMany roles |
| Berit Kragmann | Chairman | 9 companiesMany roles |
| Lars Overgaard Pedersen | Board of Directors | 5 companies |
| Niels Tage Schmidt | Board of Directors | 4 companies |
| Åge Møller Kragmann | Chairman | 4 companies |
| Carsten Mølby | Management | 2 companies |
| Lars Agerskov Jensen | Chief Executive Officer | 2 companies |
| Niels Vestergaard | Management | 1 company |
| Erik Møller Jensen | Chairman | 1 company |
Frequently asked questions
What is the CVR number of MP 2023 A/S?
MP 2023 A/S is registered with CVR / Virk under CVR 26928834.
What is the gross profit of MP 2023 A/S?
MP 2023 A/S reported a gross profit of DKK 11.7m in 2022.
How many employees does MP 2023 A/S have?
MP 2023 A/S employs 16 people as of the latest annual report.
Where is MP 2023 A/S headquartered?
MP 2023 A/S's registered address is Julius Thomsensvej 2.