H. + M.-HOLDING ApS (CVR 14372040) Company Profile

Ownership

Michael Lindholm Mathiesen
90% to under 100% of capital and votessince 31 Dec 2014
H. + M.-HOLDING ApS
CVR 1437204010% to under 15% of capital and votessince 15 Nov 2024

Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.

Former owners (2)

Inger Bouny Mathiesen
10% to under 15% of capital and votesnotified 11 May 202131 Dec 2014 to 11 May 2021
Boet efter Inger Bouny Mathiesen
10% to under 15% of capital and votes11 May 2021 to 15 Nov 2024

Owned Companies

2 Danish companies.

MAX MATHIESEN & SØN A/S
SubsidiaryCVR 25386523100% of capital and votes
STA A/S
SubsidiaryCVR 83016817100% of capital and votes

Found by searching the CVR owner register (ejerregister) for H. + M.-HOLDING ApS as owner: Danish companies it holds 5% or more of, and their holdings one level down. Foreign holdings are not in CVR.

Former holdings (2)

H. MATHIESEN. VARDE A/S
CVR 4274791210% to under 15% of capital and votes11 Jun 2019 to 24 Sep 2024
MATHIESEN INVEST. VARDE A/S
CVR 8496841210% to under 15% of capital and votes19 Dec 1996 to 11 Jun 2019

Dandex Estimates

Legal ownership resolution (Ejerforholdenes opløsning): Ends at a personThe chain of majority owners ends at a person, directly; legal owners in the CVR owner register only. Dandex estimate, rule v2, computed 10 Nov 2026.
Control tenure (Ejerskabsperiode): Over 10 yearsControlled by a person registered as a founder for 11.9 years, from the latest day an owner in the control chain took control. Dandex estimate, rule v2, computed 10 Nov 2026.
Group position (Koncernforhold): No parent, and a majority holding in one or more Danish companiesControlled by a person; it holds 50% or more of 2 Danish companies. Dandex estimate, rule v1, computed 10 Nov 2026.
Holding company assets (Holdingselskabets aktiver): Mainly land, buildings and investment propertyLand, buildings and investment property are 52.5% of total assets in the 2025 report. Dandex estimate, rule v1, computed 10 Nov 2026.
Signing authority, structured (Tegningsregel, struktureret): One person can bind the companyThe registered signing rule lets one person bind the company; current members: executive board 1. Dandex estimate, rule v2, computed 10 Nov 2026.

Decided by Dandex with fixed rules from the CVR register and the filed annual reports, not registered by the company. Each label links to its definition.

People

Current (3)

Michael Lindholm MathiesenExecutive board since 30 Jun 1990, Board of directors since 30 Jun 1990
Jesper Møller LoklindtBoard of directors since 29 Jun 2022
Karina Hadberg EspersenBoard of directors since 15 May 2025

Founders (2)

Henning MathiesenFounded 30 Jun 1990
Michael Lindholm MathiesenFounded 30 Jun 1990, holds a current role

CVR records founders at incorporation. It does not record whether they are alive or still involved.

Former (3)

Henning MathiesenExecutive board 30 Jun 1990 to 11 Sep 2007, Board of directors 30 Jun 1990 to 11 Sep 2007
Flemming Skriver MatthissonBoard of directors 19 Jun 2007 to 15 May 2025
Inger Bouny MathiesenBoard of directors 30 Jun 1990 to 25 Jun 2021

Network

Roles Over Time

Michael Lindholm Mathiesen: Executive board, 30 Jun 1990 to today; Board of directors, 30 Jun 1990 to today.
Jesper Møller Loklindt: Board of directors, 29 Jun 2022 to today.
Karina Hadberg Espersen: Board of directors, 15 May 2025 to today.

30 Jun 1990 to 10 Nov 2026.

Former (3)

Flemming Skriver Matthisson: Board of directors, 19 Jun 2007 to 15 May 2025.
Inger Bouny Mathiesen: Board of directors, 30 Jun 1990 to 25 Jun 2021.
Henning Mathiesen: Executive board, 30 Jun 1990 to 11 Sep 2007; Board of directors, 30 Jun 1990 to 11 Sep 2007.

30 Jun 1990 to 10 Nov 2026.

Executive board (Direktion)Board of directors (Bestyrelse)Each bar is one role, from its start to its end or today. Bars in a group share one scale. Source: CVR.

Network

Headcount

EmployeesFTE

2008, annual: 0 employees, 1 FTE

Show as Table

Registry headcount, 2008 to 2008, oldest left to newest right
Period	2008
Employees	0
FTE	1
Series	Annual

The legal entity's own headcount as CVR records it, not the annual report's average, which may cover a group. Annual 2008.

Latest 2008, published 14 Oct 2010. Source: CVR employment series (Årsbeskæftigelse, Kvartalsbeskæftigelse, Månedsbeskæftigelse).

Financials

Annual report figures by year, DKK thousands
Metric	2021	2022	2023	2024	2025
Gross profit	1,853	3,173	3,517	2,953	1,981
Operating profit	+299	+1,485	+2,273	+2,009	+1,043
Result for the year	+1,972	-2,459	+1,123	+4,087	+4,943
Equity	36,436	33,863	34,285	34,416	38,549
Total assets	51,113	43,243	51,634	52,656	56,027
Employees (average)	Not reported	Not reported	Not reported	Not reported	0
Credit metrics (Dandex calculations)
Gross profit growth (vækst i bruttofortjeneste)	-4.5%	71.3%	10.8%	-16%	-32.9%
EBITDA	1,853	3,173	3,517	2,953	1,981
EBITDA / gross profit (EBITDA i procent af bruttofortjenesten)	100%	100%	100%	100%	100%
Net interest-bearing debt (NIBD, nettorentebærende gæld)	-533	-4,267	1,171	3,270	-4,225
Gearing, NIBD / EBITDA	Net cash	Net cash	0.3x	1.1x	Net cash
Interest coverage (rentedækning)	0.8x	1.1x	7.3x	5.6x	1.8x
Adjusted equity ratio (justeret soliditetsgrad)	71.3%^{note 1}	78.3%^{note 1}	66.4%^{note 1}	65.4%^{note 1}	68.8%^{note 1}
ROIC (afkast af investeret kapital)	0.6%	3.5%^{note 2}	4.9%	4.2%	2.1%
Capex (investeringer i anlægsaktiver)	807^{note 3}	430^{note 3}	8,890^{note 3}	674^{note 3}	539^{note 3}
NIBD incl. group and owner balances (NIBD inkl. koncern- og ejermellemværender)	-3,393	-4,919	2,407	5,686	4,838

DKK thousands. Annual reports via XBRL. Employees are the annual report's average and may cover a group.

Credit metrics are Dandex calculations from the filed figures, not filed values; estimates are in grey with a note. Ratios are percentages. Gearing and interest coverage are multiples. Definitions. Revenue-based rows are empty: the company reports gross profit only (bruttofortjeneste), which class B filers may. No cash flow statement filed (class A and B are exempt).

1 Dandex estimate: no intangible or deferred tax assets to deduct
2 Dandex estimate: statutory 22% used: effective rate outside 0 to 40%
3 additions per the fixed asset notes

Annual Reports

Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 25 Mar 2026
XHTML
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 25 Mar 2025
PDF
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 5 Jul 2024
PDF
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 5 Jul 2023
PDF
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 4 Jul 2022
PDF

Financials

Changes

Dandex has recorded no changes to this company since it began following the register.

Registry Facts

Signing rule (Tegningsregel): Selskabet tegnes af direktionen, af to medlemmer af bestyrelsen eller af den samlede bestyrelsesince 19 Mar 2001
Purpose (Formål): Selskabets formål er at eje aktier i driftsselskabet "MAX MATHIESEN & SØN A/S" samt investering og finansieringsince 19 Mar 2001
Audit opted out (Revision fravalgt): Nosince 30 Jun 1990
Articles of association last changed (Seneste vedtægtsdato): 25 Jun 2021
Owners under 5% registered (Ejerregistrering under 5 procent): Nosince 13 Dec 2022
Anti-money-laundering act (Hvidvaskloven): Not covered (Ikke omfattet)since 15 Feb 2016
Financial year change (Omlægning af regnskabsår): 1 Jul 1996 to 31 Dec 1996

Share Capital

Each registered value from the day it took effect, newest first.

3 Dec 1996200,000 DKK+120,000
9 Jul 199080,000 DKKEarliest in CVR

From CVR, read 10 Nov 2026. Text such as the signing rule and purpose is shown as registered.

Registry Facts

Registrations (Registreringer)

11 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.

26 May 2025
People change
Bestyrelse:
Fratrådte:
Flemming Skriver Matthisson, den 15.05.2025.
Tiltrådte:
Karina Hadberg Espersen, den 15.05.2025.
6 Sep 2022
People change
Bestyrelse:
Tiltrådte:
Jesper Møller Loklindt, den 29.06.2022.
28 Jun 2021
People change
Vedtægter ændret: 25.06.2021
Bestyrelse:
Fratrådte:
Inger Bouny Mathiesen, den 25.06.2021.
6 Nov 2009
Other Audit change
Revision:
Udtrådt af revisionen:
H. MARTINSEN, STATSAUTORISERET REVISIONSAKTIESELSKAB, den 10.10.2009.
Indtrådt i revisionen:
MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB, Markedspladsen 25, 6800 Varde, den 10.10.2009.
22 Oct 2007
Other People change
Bestyrelse:
Udtrådt af bestyrelsen:
Henning Mathiesen, den 11.09.2007.
Direktion:
Udtrådt af direktionen:
Henning Mathiesen, den 11.09.2007.
12 Jul 2007
Other People change
Bestyrelse:
Indtrådt i bestyrelsen:
Økonomichef Flemming Skriver Matthisson, den 19.06.2007.
18 Apr 2001
Other
Vedtægter ændret:
19.03.2001.
Nyt binavn: VARDE ERHVERVSINVEST II ApS (H. + M.-HOLDING ApS).
3 Mar 1999
Audit change
Revision:
Udtrådt af revisionen:
PRO REVISION OG RÅDGIVNING ApS, den 14.04.1998.
Indtrådt i revisionen:
H. MARTINSEN, STATSAUTORISERET REVISIONSAKTIESELSKAB, Reesensvej 2, 6800 Varde, den 14.04.1998.
19 Dec 1996
Capital change Other
Vedtægter ændret:
29.11.1996.
Kapitalforhøjelse:
kr. 120.000,00 indbetalt ved overførte reserver / overskud, kurs 100,00.
Kapitalen udgør herefter kr. 200.000,00.
Regnskabsår ændret til:
Show the full announcement
01.01 - 31.12.
Omlægningsperiode:
01.07.1996 - 31.12.1996.
24 Nov 1993
People change Audit change
Revision:
Udtrådt af revisionen:
O.L. REVISION A/S
Indtrådt i revisionen:
Pro Revision & Rådgivning Aps, Reesensvej 2, 6800 Varde

Show 1 more

4 Oct 1990
New company
Stiftelsesdato:
30.06.1990
Seneste vedtægtsdato:
30.06.1990
Kapital:
kr. 80.000,00
Show the full announcement
Indbetalingsmåde:
kontant kr. 80.000,00 til kurs 100,0
Stiftere:
Murermester Henning Mathiesen, Bygningskonstruktør Michael Lindholm Mathiesen
Bestyrelse:
Murermester Henning Mathiesen, Bygningskonstruktør Michael Lindholm Mathiesen, Fru Inger Bouny Mathiesen
Direktion:
Murermester Henning Mathiesen, Bygningskonstruktør Michael Lindholm Mathiesen
Selskabet tegnes af direktionen, af to
medlemmer af bestyrelsen eller af den samlede
bestyrelse
Revision:
REG.NR. A/S163404 O.L. REVISION A/S, Ndr. Boulevard 116, 6800 Varde
Første regnskabsår:
30.06.1990 - 30.06.1991
Regnskabsår:
01.07 - 30.06

Registrations (Registreringer)

Registration

Address: Håndværkervej 5
6800 Varde
Varde Municipality
CVR record last changed: 16 Sep 2026
Data read: 10 Nov 2026

Production Units

1 registered in CVR.

H + M - HOLDING APS
P-number 1000731401Håndværkervej 5, 6800 Varde

Compiled by Dandex from the Central Business Register (CVR, datacvr.virk.dk), Erhvervsstyrelsen, and annual reports filed in XBRL. Values marked Dandex estimate are computed by Dandex from that data, not registered.

Ownership

People

Network

Financials

Changes

Registry Facts

Registrations (Registreringer)

Registration

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Ownership

People

Financials

Who Is Behind It

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Dandex Estimates

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Current (3)

Founders (2)

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Roles Over Time

Network

Headcount

Financials

Annual Reports

Financials

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Registry Facts

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Registrations (Registreringer)

Registration

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Who Is Behind It

Owned Companies

Dandex Estimates

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Founders (2)

Network

Shared by two or more of its people

Owners and the control chain

Companies it owns

Its people and their other companies

Network

Roles Over Time

Headcount

Financials

Annual Reports

Registry Facts

Share Capital

Registrations (Registreringer)

Production Units

Network

Shared by two or more of its people

Owners and the control chain

Companies it owns

Its people and their other companies