MIDAQ Projects AB
ABActiveOrg 5565166419Östra Storgatan 20, 553 21 JönköpingWholesale of wood, construction materials and sanitary equipment· NACE 4683Est. 1995 · 31 years old5 employees
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Overview
MIDAQ Projects AB is a Swedish AB based in Jönköping, operating in the Wholesale of wood, construction materials and sanitary equipment sector. Incorporated in 1995, the company has 5 employees and reported revenue of SEK 28.2m in its latest annual filing.
Revenue 2025
28.2M SEK
−14% vs 2024
EBITDA margin
31.8 %
+195% vs 2024
Net profit 2025
-6M SEK
+54% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
26.1 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.3×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-9.9 %
WeakAmong the 30% lowest rated companies in the industry
20212025
EBITDA — year on year
SEK millionsKey figures
Annual report 2025| Revenue | 28.2M SEK | -14% |
| EBITDA | 9M SEK | +195% |
| Net profit | -6M SEK | +54% |
| Total assets | 60.1M SEK | -14% |
| Equity | 15.7M SEK | -28% |
| Employees | 5 | — |
Company information
Legal name
MIDAQ Projects AB
Org number
5565166419
Legal form
Aktiebolag
NACE code
Founded
8 August 1995 · 31 years
Share capital
SEK 100,000
Employees
5 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Firman tecknas av styrelsen
Company purpose
Föremålet för bolagets verksamhet är att äga och förvalta aktier och andelar i dotter- och intressebolag samt därmed förenlig verksamhet.
(no translation available)
Contact
Address
Östra Storgatan 20, 553 21 Jönköping
Email
info@midaq.se
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Financial development
In its most recent annual report (2025), MIDAQ Projects AB reported revenue of SEK 28.2m, a decrease of 14% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of SEK 6.0m, and the EBITDA margin stood at 31.8%.
At the end of 2025, equity financed 26.1% of the balance sheet, and current assets covered short-term debt 1.3 times.
Financials
Revenue
SEK millionsEBITDA
SEK millionsIncome statement
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 28,226 | 32,877 | 41,349 | 129,917 | 176,964 |
| Staff expenses | -5,259 | — | — | — | — |
| EBITDA | 8,970 | -9,412 | -36,524 | -10,692 | 17,924 |
| Depreciation & amort. | -234 | -112 | -512 | -890 | -484 |
| EBIT | 8,736 | -9,524 | -37,036 | -11,582 | 17,440 |
| Net financials | -19,769 | -3,997 | -24,788 | -6,044 | 283 |
| Profit before tax | -5,955 | -12,976 | -38,840 | -4,663 | 14,117 |
| Tax | -0 | -0 | 4,957 | 10 | -3,000 |
| Net profit | -5,955 | -12,976 | -33,883 | -4,653 | 11,117 |
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Balance sheet
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 60,102 | 69,566 | 81,290 | 130,632 | 164,754 |
| Equity | 15,667 | 21,629 | 9,605 | 13,488 | 48,142 |
| Long-term debt | 70 | 0 | 0 | 0 | 0 |
| Short-term debt | 43,121 | 46,252 | 68,574 | 104,848 | 93,873 |
| Total debt | 43,191 | 46,252 | 68,574 | 104,848 | 93,873 |
Financial ratios
5-year trendEBITDA margin
31.8 %
20212025
Equity ratio
26.1 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on equity
-38.0 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Net profit margin
-21.1 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Asset turnover
0.47×
WeakAmong the 40% lowest rated companies in the industry
20212025
Debt / equity
2.84×
WeakAmong the 30% lowest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% 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 strong
Among the 10% 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 marginVery weak
Among the 20% 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)Strong
Among the 30% 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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioVery weak
Among the 10% 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 10% 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 equityWeak
Among the 30% 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 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 ratioVery weak
Among the 10% 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 debtWeak
Among the 30% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 40% highest rated companies in the 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 debtWeak
Among the 30% 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 turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery strong
Among the 10% 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 capitalVery strong
Among the 10% 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 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 debtAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via Bolagsverket / SCB · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Bolagsverket / SCB · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Bolagsverket / SCB · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Bolagsverket / SCB · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Bolagsverket / SCB · Period 2021-07-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
CL Chief Executive Officer | Chief Executive Officer | 2026 |
SV Chief Auditor | Chief Auditor | 2022 |
Former (6)
| Audit | 2021 – 2022 | |
PO Chief Executive Officer | Chief Executive Officer | 2021 – 2022 |
LJ Chief Auditor | Chief Auditor | 2020 – 2022 |
EM Chief Executive Officer | Chief Executive Officer | 2025 – 2026 |
US Chief Executive Officer | Chief Executive Officer | 2022 – 2025 |
HE Chief Auditor | Chief Auditor | 2022 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
MA Board of Directors | Board of Directors | 2024 |
SR Chairman | Chairman | 2020 |
CL Deputy Board Member | Deputy Board Member | 2026 |
AL Deputy Board Member | Deputy Board Member | 2026 |
Former (7)
LJ Chairman | Chairman | 2022 – 2023 |
PO Board of Directors | Board of Directors | 2021 – 2022 |
AJ Board of Directors | Board of Directors | 2022 – 2023 |
EM Deputy Board Member | Deputy Board Member | 2025 – 2026 |
AL Deputy Board Member | Deputy Board Member | 2022 – 2023 |
PH Deputy Board Member | Deputy Board Member | 2023 – 2023 |
HE Board of Directors | Board of Directors | 2022 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 0001 |
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Company hierarchy
Midaq AB100%
MIDAQ Outdoor Living AB92%
MIDAQ Projects AB (this company)Svenska Bad AS100% ownedNordpool Spa AS100% ownedSvenska Bad AS100% ownedBoard network connections
Board members of MIDAQ Projects AB also hold positions in 741 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Stefan Valdemar Freij | Chief Auditor | 236 companiesMany roles |
| Lars Johan Gabre | Chief Auditor | 178 companiesMany roles |
| Stefan Rolf Engdahl | Chairman | 121 companiesMany roles |
| Pär Håkan Sundberg | Deputy Board Member | 69 companiesMany roles |
| Susanna Emma Kristina Everborn | Audit | 42 companiesMany roles |
| Lars Jonas Netterström | Chairman | 29 companiesMany roles |
| Hans-Göran Evert Frick | Chief Auditor | 22 companiesMany roles |
| Madelene Antonia Erika Blom | Board of Directors | 21 companiesMany roles |
| Per Olof Mikael Karlsson | Chief Executive Officer | 18 companiesMany roles |
| Anders Jonas Andersson | Board of Directors | 3 companies |
| Elin Maria Nork | Chief Executive Officer | 1 company |
| Adam Ludvig Swärd | Deputy Board Member | 1 company |
Frequently asked questions
What is the Org number of MIDAQ Projects AB?
MIDAQ Projects AB is registered with Bolagsverket / SCB under Org 5565166419.
What is the revenue of MIDAQ Projects AB?
MIDAQ Projects AB reported revenue of SEK 28.2m in 2025.
How many employees does MIDAQ Projects AB have?
MIDAQ Projects AB employs 5 people as of the latest annual report.
Who is the CEO of MIDAQ Projects AB?
Christian Lars Henrik Rejnevik is the CEO of MIDAQ Projects AB, in role since 2026.
Who is the chairman of MIDAQ Projects AB?
Stefan Rolf Engdahl chairs the board of MIDAQ Projects AB, in role since 2020.
Where is MIDAQ Projects AB headquartered?
MIDAQ Projects AB's registered address is Östra Storgatan 20.