Dhi Muse A/S
A/SActiveCVR 44766450Agern Alle 5, 2970 HørsholmEngineering activities and related technical consultancy· NACE 7112Est. 2024 · 2 years old24 employees
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Overview
Dhi Muse A/S is a Danish A/S based in Hørsholm, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2024, the company has 24 employees and reported revenue of DKK 67.3m in its latest annual filing.
Revenue 2025
67.3M DKK
+204% vs 2024
EBITDA margin
−1.3 %
−113% vs 2024
Net profit 2025
-1.2M DKK
-123% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
11.9 %
Very weakAmong the 20% lowest rated companies in the industry
20242025
Liquidity ratioCurrent assets ÷ Short-term debt
1.1×
WeakAmong the 30% lowest rated companies in the industry
20242025
Return on assets (ROA)Net profit ÷ Total assets × 100
-3.3 %
WeakAmong the 30% lowest rated companies in the industry
20242025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Revenue | 67.3M DKK | +204% |
| EBITDA | -0.9M DKK | -113% |
| Net profit | -1.2M DKK | -123% |
| Total assets | 37.3M DKK | +43% |
| Equity | 4.4M DKK | -22% |
| Employees | 24 | — |
Company information
Legal name
DHI MUSE A/S
CVR number
44766450
Legal form
Aktieselskab
NACE code
Founded
15 April 2024 · 2 years
Share capital
DKK 400,000
Employees
24 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af 2 bestyrelsesmedlemmer i forening eller 1 bestyrelsesmedlem i forening med 1 direktør eller af den samlede bestyrelse.
Company purpose
Selskabets formål er at udvikle og implementere løsninger til miljøvurdering og miljøovervågning af vindmølleparker, særligt med henblik på fugle og flagermus samt anden virksomhed, der står i forbindelse hermed.
(no translation available)
Address
Agern Alle 5, 2970 Hørsholm
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Financial development
In its most recent annual report (2025), Dhi Muse A/S reported revenue of DKK 67.3m, an increase of 204% on the year before. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net loss of DKK 1.2m, and the EBITDA margin stood at -1.3%.
At the end of 2025, equity financed 11.9% of the balance sheet, and current assets covered short-term debt 1.1 times.
Financials
Revenue
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 |
|---|---|---|
| Revenue | 67,272 | 22,149 |
| Staff expenses | -21,841 | -9,486 |
| EBITDA | -860 | 6,648 |
| Depreciation & amort. | -322 | -0 |
| EBIT | -1,181 | 6,648 |
| Net financials | -44 | 113 |
| Profit before tax | -1,225 | 6,761 |
| Tax | -0 | 1,487 |
| Net profit | -1,225 | 5,273 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 |
|---|---|---|
| Total assets | 37,321 | 26,053 |
| Equity | 4,448 | 5,673 |
| Long-term debt | 0 | 0 |
| Short-term debt | 29,268 | 20,380 |
| Total debt | 29,268 | 20,380 |
Financial ratios
5-year trendEBITDA margin
-1.3 %
20242025
Equity ratio
11.9 %
Very weakAmong the 20% lowest rated companies in the industry
20242025
Return on equity
-27.5 %
Very weakAmong the 20% lowest rated companies in the industry
20242025
Net profit margin
-1.8 %
WeakAmong the 30% lowest rated companies in the industry
20242025
Asset turnover
1.80×
StrongAmong the 30% highest rated companies in the industry
20242025
Debt / equity
7.39×
Very weakAmong the 10% lowest rated companies in the industry
20242025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% 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 marginWeak
Among the 30% 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 20% 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)Weak
Among the 30% 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 20% 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)Weak
Among the 30% 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 ratioWeak
Among the 40% 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 ratioWeak
Among the 30% 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 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 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 ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
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 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 debtWeak
Among the 40% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% lowest rated companies in the 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 marginWeak
Among the 40% 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 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalStrong
Among the 40% highest 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 equityWeak
Among the 30% 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 30% 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
SM Chief Executive Officer | Chief Executive Officer | 2026 |
Former (2)
MK Chief Executive Officer | Chief Executive Officer | 2025 – 2026 |
MZ Chief Executive Officer | Chief Executive Officer | 2024 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
PJ Board of Directors | Board of Directors | 2026 |
GL Board of Directors | Board of Directors | 2026 |
KT Chairman | Chairman | 2024 |
Former (2)
MK Board of Directors | Board of Directors | 2024 – 2026 |
ME Board of Directors | Board of Directors | 2024 – 2026 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 |
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
DHI Fonden
Dhi Muse A/S Board network connections
Board members of Dhi Muse A/S also hold positions in 23 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Mikkel Esbjerg | Board of Directors | 7 companiesMany roles |
| Sten Mortensen | Chief Executive Officer | 5 companies |
| Kenneth Treu Barrett | Chairman | 5 companies |
| Gitte Lindholt | Board of Directors | 3 companies |
| Mikael Kamp Sørensen | Chief Executive Officer | 1 company |
| Michael Zdenek Hass | Chief Executive Officer | 1 company |
| Peter Jensen | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of Dhi Muse A/S?
Dhi Muse A/S is registered with CVR / Virk under CVR 44766450.
What is the revenue of Dhi Muse A/S?
Dhi Muse A/S reported revenue of DKK 67.3m in 2025.
How many employees does Dhi Muse A/S have?
Dhi Muse A/S employs 24 people as of the latest annual report.
Who is the CEO of Dhi Muse A/S?
Sten Mortensen is the CEO of Dhi Muse A/S, in role since 2026.
Who is the chairman of Dhi Muse A/S?
Kenneth Treu Barrett chairs the board of Dhi Muse A/S.
Where is Dhi Muse A/S headquartered?
Dhi Muse A/S's registered address is Agern Alle 5.