MH2021 ApS

APSBankruptAdvertising protection

CVR 39374676Stationsvangen 5, 8541 SkødstrupEngroshandel med andre maskiner og andet udstyr· NACE 466900Est. 2018 · 8 years old1 employees

Overview

MH2021 ApS is a Danish APS based in Skødstrup, operating in the Engroshandel med andre maskiner og andet udstyr sector. Incorporated in 2018, the company has 1 employee and reported revenue of DKK 3.9m in its latest annual filing.

Revenue 2020

3.9M DKK

+352% vs 2019

EBITDA margin

11.4 %

+141% vs 2019

Net profit 2020

0.1M DKK

+110% vs 2019

Key ratios

See full ratios →

1.5 %

Weak

Among the 30% lowest rated companies in the industry

20182020

0.6×

Very weak

Among the 20% lowest rated companies in the industry

20182020

3.5 %

Average

Around the average of companies in the same industry

20182020

EBITDA — year on year

DKK thousands

Key figures

Annual report 2020

Revenue	3.9M DKK	+352%
EBITDA	0.4M DKK	+141%
Net profit	0.1M DKK	+110%
Total assets	3.3M DKK	+16%
Equity	0.1M DKK	+108%
Employees	1	—

Contact

Address

Stationsvangen 5, 8541 Skødstrup

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Financial development

In its most recent annual report (2020), MH2021 ApS reported revenue of DKK 3.9m, an increase of 352% on the year before. The figures on this page draw on 3 annual filings covering 2018 to 2020. The bottom line showed a net profit of DKK 117.0k, and the EBITDA margin stood at 11.4%.

At the end of 2020, equity financed 1.5% of the balance sheet, and current assets covered short-term debt 0.6 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2020	2019	2018
Revenue	3,905	864	16
Staff expenses	-1,019	-1,945	-1,160
EBITDA	447	-1,082	-1,145
Depreciation & amort.	-249	-249	-96
EBIT	197	-1,331	-1,240
Net financials	-47	-95	-41
Profit before tax	150	-1,427	-1,282
Tax	33	-312	-282
Net profit	117	-1,115	-1,000

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Balance sheet

DKK thousands

Item	2020	2019	2018
Total assets	3,340	2,878	2,044
Equity	50	-665	450
Long-term debt	0	0	0
Short-term debt	3,290	3,543	1,594
Total debt	3,290	3,543	1,594

Financial ratios

5-year trend

EBITDA margin

11.4 %

20182020

Equity ratio

1.5 %

Weak

Among the 30% lowest rated companies in the industry

20182020

Return on equity

234.0 %

Very strong

Among the 10% highest rated companies in the industry

20182020

Net profit margin

3.0 %

Strong

Among the 40% highest rated companies in the industry

20182020

Asset turnover

1.17×

Average

Around the average of companies in the same industry

20182020

Debt / equity

65.80×

Very weak

Among the 10% lowest rated companies in the industry

20182020

Sector performance

27 of 28 ratios graded

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

Profitability

Gross marginVery strong

Among the 20% highest 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 marginStrong

Among the 40% highest 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 marginStrong

Among the 40% highest 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 strong

Among the 10% highest 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)Average

Around the average of companies in the same industry

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

Return on net assets (RONA)Very strong

Among the 10% highest 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)Average

Around the average of companies in the same industry

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

Capacity ratioAverage

Around the average of companies in the same 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 ratioVery weak

Among the 20% lowest rated companies in the 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 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 10% 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 capitalVery weak

Among the 10% lowest 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 ratioVery strong

Among the 10% highest 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 30% 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 30% 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 equityVery weak

Among the 10% 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 equityVery weak

Among the 10% 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 debtAverage

Around the average of companies in the same 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 coverageAverage

Around the average of companies in the same industry

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

Interest rate on debtAverage

Around the average of companies in the same industry

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

Interest marginAverage

Around the average of companies in the same 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 turnoverAverage

Around the average of companies in the same industry

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

Inventory turnoverStrong

Among the 30% highest rated companies in the industry

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.

Equity to contributed capitalWeak

Among the 30% 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 debtStrong

Among the 40% highest rated companies in the industry

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

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 2020
Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2018-02-28 – 2018-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


RB Rasmus Bøgelund Chief Executive Officer	Chief Executive Officer	2018 – 2018
NL Natasha Lajevardi Chief Executive Officer	Chief Executive Officer	2020 – 2020

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
THE SELECTION ApS	Company	100%	100%	2018

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

THE SELECTION ApS100%

MH2021 ApS (this company)

Board network connections

Board members of MH2021 ApS also hold positions in 4 other companies.

Person	Role here	Other companies
Rasmus Bøgelund	Chief Executive Officer	2 companies
Natasha Lajevardi	Chief Executive Officer	2 companies

Frequently asked questions

What is the CVR number of MH2021 ApS?

MH2021 ApS is registered with CVR / Virk under CVR 39374676.

What is the revenue of MH2021 ApS?

MH2021 ApS reported revenue of DKK 3.9m in 2020.

How many employees does MH2021 ApS have?

MH2021 ApS employs 1 people as of the latest annual report.

Where is MH2021 ApS headquartered?

MH2021 ApS's registered address is Stationsvangen 5.