Mse A/S

A/SBankrupt

CVR 26985951Alstrup Strandvej 2B, 4840 Nørre AlslevConstruction of roads and motorways· NACE 4211Est. 2003 · 23 years old2 employees

Overview

Mse A/S is a Danish A/S based in Nørre Alslev, operating in the Construction of roads and motorways sector. Incorporated in 2003, the company has 2 employees and reported revenue of DKK 297.2m in its latest annual filing.

Revenue 2013

297.2M DKK

+24% vs 2012

EBITDA margin

−4.6 %

−184% vs 2012

Net profit 2013

-11.3M DKK

-189% vs 2012

Key ratios

See full ratios →

26.5 %

Weak

Among the 40% lowest rated companies in the industry

20122013

1.3×

Average

Around the average of companies in the same industry

20122013

-9.5 %

Very weak

Among the 20% lowest rated companies in the industry

20122013

EBITDA — year on year

DKK millions

Key figures

Annual report 2013

Revenue	297.2M DKK	+24%
EBITDA	-13.7M DKK	-184%
Net profit	-11.3M DKK	-189%
Total assets	119.1M DKK	+5%
Equity	31.6M DKK	-26%
Employees	2	—

Financial development

In its most recent annual report (2013), Mse A/S reported revenue of DKK 297.2m, an increase of 24% on the year before. The figures on this page draw on 2 annual filings covering 2012 to 2013. The bottom line showed a net loss of DKK 11.3m, and the EBITDA margin stood at -4.6%.

At the end of 2013, equity financed 26.5% of the balance sheet, and current assets covered short-term debt 1.3 times.

Financials

Revenue

DKK millions

EBITDA

DKK millions

Income statement

DKK thousands

Item	2013	2012
Revenue	297,155	239,659
Staff expenses	-97,301	-51,176
EBITDA	-13,711	16,377
Depreciation & amort.	-1,001	-805
EBIT	-14,712	15,571
Net financials	133	1,325
Profit before tax	-14,580	16,896
Tax	-3,301	4,292
Net profit	-11,279	12,605

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Balance sheet

DKK thousands

Item	2013	2012
Total assets	119,051	113,243
Equity	31,566	42,845
Long-term debt	206	723
Short-term debt	87,279	69,675
Total debt	87,485	70,398

Financial ratios

5-year trend

EBITDA margin

-4.6 %

20122013

Equity ratio

26.5 %

Weak

Among the 40% lowest rated companies in the industry

20122013

Return on equity

-35.7 %

Very weak

Among the 10% lowest rated companies in the industry

20122013

Net profit margin

-3.8 %

Weak

Among the 30% lowest rated companies in the industry

20122013

Asset turnover

2.50×

Strong

Among the 40% highest rated companies in the industry

20122013

Debt / equity

2.77×

Weak

Among the 30% lowest rated companies in the industry

20122013

Sector performance

27 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginWeak

Among the 40% lowest rated companies in the industry

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 marginVery weak

Among the 20% lowest rated companies in the industry

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 marginWeak

Among the 30% lowest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Very weak

Among the 10% lowest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Very weak

Among the 20% lowest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Very weak

Among the 10% lowest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Very weak

Among the 20% lowest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioVery weak

Among the 20% lowest 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.

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 ratioAverage

Around the average of companies in the same 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 ratioVery weak

Among the 20% lowest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery weak

Among the 20% lowest rated companies in the industry

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.

Fixed assets to long-term capitalStrong

Among the 40% highest rated companies in the 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 ratioWeak

Among the 40% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioWeak

Among the 40% 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 ratioWeak

Among the 40% 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.

Debt to equityWeak

Among the 30% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityWeak

Among the 30% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtVery weak

Among the 20% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery weak

Among the 20% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery weak

Among the 20% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtVery weak

Among the 20% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginVery weak

Among the 20% lowest 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.

Efficiency & development

Asset turnoverStrong

Among the 40% highest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalWeak

Among the 40% 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 equityVery weak

Among the 20% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtWeak

Among the 40% lowest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

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.

Annual reports & filings

Annual report 2013
Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
View PDF
Annual report 2012
Filed via CVR / Virk · Period 2012-01-01 – 2012-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (1)


JL Jan Lyngby Sørensen Management	Management	2003 – 2015

Board of directors

Non-executive oversight

Name	Role	Member since

Former (11)


HL Henrik Lyngby Sørensen Chairman	Chairman	2003 – 2003
SL Sven Lyse Board of Directors	Board of Directors	2012 – 2013
JC Jørgen Christian Jensen Board of Directors	Board of Directors	2011 – 2013
JL Jan Lyngby Sørensen Board of Directors	Board of Directors	2010 – 2011
MA Morten Amtrup Chairman	Chairman	2012 – 2015
SG Sten Gustav Bang Board of Directors	Board of Directors	2003 – 2003
IP Ib Paaskesen Board of Directors	Board of Directors	2011 – 2014
BT Bent Thorsen Larsen Board of Directors	Board of Directors	2013 – 2015
OF Ole Freddy Davidsen Chairman	Chairman	2003 – 2011
MS Michael Sidenius Saunte Board of Directors	Board of Directors	2003 – 2008
PS Peter Stenderup Jensen Board of Directors	Board of Directors	2013 – 2015

Shareholders

Active legal owners

No shareholder data available.

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

No registered parent or subsidiaries

Board network connections

Board members of Mse A/S also hold positions in 51 other companies.

Person	Role here	Other companies
Jan Lyngby Sørensen	Management	23 companiesMany roles
Sven Lyse	Board of Directors	9 companiesMany roles
Jørgen Christian Jensen	Board of Directors	6 companiesMany roles
Ib Paaskesen	Board of Directors	4 companies
Henrik Lyngby Sørensen	Chairman	3 companies
Morten Amtrup	Chairman	3 companies
Sten Gustav Bang	Board of Directors	2 companies
Peter Stenderup Jensen	Board of Directors	1 company

Frequently asked questions

What is the CVR number of Mse A/S?

Mse A/S is registered with CVR / Virk under CVR 26985951.

What is the revenue of Mse A/S?

Mse A/S reported revenue of DKK 297.2m in 2013.

How many employees does Mse A/S have?

Mse A/S employs 2 people as of the latest annual report.

Where is Mse A/S headquartered?

Mse A/S's registered address is Alstrup Strandvej 2B.