Michtech ApS
APSBankruptAdvertising protectionCVR 40748598Jegstrupvej 32, 8361 HasselagerEngineering activities and related technical consultancy· NACE 7112Est. 2019 · 7 years old1 employees
Loading company…
Overview
Michtech ApS is a Danish APS based in Hasselager, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2019, the company has 1 employee and reported revenue of DKK 307.3k in its latest annual filing.
Revenue 2023
307.3K DKK
−26% vs 2022
EBITDA margin
16.8 %
+232% vs 2022
Net profit 2023
40.6K DKK
+178% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
64.5 %
AverageAround the average of companies in the same industry
20202023
Liquidity ratioCurrent assets ÷ Short-term debt
2.4×
AverageAround the average of companies in the same industry
20202023
Return on assets (ROA)Net profit ÷ Total assets × 100
49.3 %
Very strongAmong the 10% highest rated companies in the industry
20202023
EBITDA — year on year
DKK thousandsKey figures
Annual report 2023| Revenue | 307.3K DKK | -26% |
| EBITDA | 51.7K DKK | +232% |
| Net profit | 40.6K DKK | +178% |
| Total assets | 82.3K DKK | -28% |
| Equity | 53.1K DKK | +323% |
| Employees | 1 | — |
Company information
Legal name
Michtech ApS
CVR number
40748598
Legal form
Anpartsselskab
NACE code
Founded
30 August 2019 · 7 years
Share capital
DKK 40,000
Employees
1 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Virksomheden tegnes af en likvidator
Company purpose
Selskabets formål er at drive virksomhed med udvikling og produktion af maskinelle løsninger til industrien og enhver i forbindelse hermed stående virksomhed.
(no translation available)
Contact
Address
Jegstrupvej 32, 8361 Hasselager
Phone
+45 2170 5935
Email
ma@michtech.dk
Advertising protection
Active — opted out of marketing use
Recent events
1 entry- Event
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2023), Michtech ApS reported revenue of DKK 307.3k, a decrease of 26% on the year before. The figures on this page draw on 4 annual filings covering 2020 to 2023. The bottom line showed a net profit of DKK 40.6k, and the EBITDA margin stood at 16.8%.
At the end of 2023, equity financed 64.5% of the balance sheet, and current assets covered short-term debt 2.4 times.
Financials
Revenue
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue | 307 | 417 | 624 | 791 |
| Staff expenses | -108 | -318 | -426 | -654 |
| EBITDA | 52 | -39 | 23 | 24 |
| Depreciation & amort. | -9 | -9 | -9 | -4 |
| EBIT | 43 | -48 | 14 | 20 |
| Net financials | -0 | -1 | -1 | -1 |
| Profit before tax | 43 | -49 | 13 | 19 |
| Tax | 2 | 3 | 3 | 4 |
| Net profit | 41 | -52 | 10 | 15 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
DKK thousands| Item | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Total assets | 82 | 114 | 138 | 277 |
| Equity | 53 | 13 | 65 | 55 |
| Long-term debt | 0 | 0 | 0 | 0 |
| Short-term debt | 29 | 101 | 73 | 222 |
| Total debt | 29 | 101 | 73 | 222 |
Financial ratios
5-year trendEBITDA margin
16.8 %
20202023
Equity ratio
64.5 %
AverageAround the average of companies in the same industry
20202023
Return on equity
76.4 %
Very strongAmong the 20% highest rated companies in the industry
20202023
Net profit margin
13.2 %
StrongAmong the 40% highest rated companies in the industry
20202023
Asset turnover
3.73×
Very strongAmong the 10% highest rated companies in the industry
20202023
Debt / equity
0.55×
AverageAround the average of companies in the same industry
20202023
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same 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 20% 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)Very strong
Among the 10% highest 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 strong
Among the 20% 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)Very strong
Among the 20% 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 40% 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.
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 ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityAverage
Around the average of companies in the same 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 capitalWeak
Among the 40% 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 ratioStrong
Among the 40% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery strong
Among the 20% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 20% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery strong
Among the 20% 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 40% 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.
Efficiency & development
Asset turnoverVery strong
Among the 10% 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 strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 10% highest 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 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via CVR / Virk · Period 2019-08-30 – 2020-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (2)
MA Management | Management | 2019 – 2025 |
TK Liquidator | Liquidator | 2025 – 2026 |
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2019 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
M Andersson Holding ApS
Michtech ApS Board network connections
Board members of Michtech ApS also hold positions in 24 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Torben Korsager Andersen | Liquidator | 24 companiesMany roles |
Frequently asked questions
What is the CVR number of Michtech ApS?
Michtech ApS is registered with CVR / Virk under CVR 40748598.
What is the revenue of Michtech ApS?
Michtech ApS reported revenue of DKK 307.3k in 2023.
How many employees does Michtech ApS have?
Michtech ApS employs 1 people as of the latest annual report.
Where is Michtech ApS headquartered?
Michtech ApS's registered address is Jegstrupvej 32.