CVR 21054887Private limited company (ApS)Investering for egen regning (649910)Aarhus CFounded 5 Aug 1998
Employees
6
CVR registry, 2004
Result
-6.2M
DKK, annual report 2025
Equity
-6.5M
DKK, annual report 2025
Dandex has recorded no changes to this company since it began following the register.
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.
Dandex is Danish company data. Connect it once and ask about M2 GROUP APS, or any Danish company, from your assistant, the API or the command line. Answers come from the current record: owners and the ownership network, financials year by year, and the latest registered changes.
Set Up DandexMads Jean Munk Nielsen100% of capital and votes, since 19 Mar 2001
Kristian Munk Thybosince 23 Dec 2025
Equity was negative at 31 Dec 2025: -6.5M DKK. Dandex estimate, computed 3 Nov 2026.
100% of capital and votessince 19 Mar 2001
Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.
5 Danish companies, which own 3 more one level down.
SubsidiaryCVR 3537659390% to under 100% of capital and votes
SubsidiaryCVR 2870023790% to under 100% of capital and votes
Subsidiary or joint ventureCVR 3336660450% to under 66.7% of capital and votes
SubsidiaryCVR 4329583766.7% to under 90% of capital and votes
SubsidiaryCVR 43295896100% of capital and votes
SubsidiaryCVR 42214485100% of capital and votes
Subsidiary or joint ventureCVR 3879436150% to under 66.7% of capital and votes
CVR 3862814333.3% to under 50% of capital and votes
Found by searching the CVR owner register (ejerregister) for M2 GROUP APS as owner: Danish companies it holds 5% or more of, and their holdings one level down. Foreign holdings are not in CVR.
CVR 381486485% to under 10% of capital and votes15 Nov 2016 to 7 Nov 2024
CVR 4221448590% to under 100% of capital and votes9 Mar 2021 to 30 Jun 2022
CVR 35144382100% of capital and votes13 May 2013 to 17 May 2021
CVR records founders at incorporation. It does not record whether they are alive or still involved.
19 Mar 2001 to 3 Nov 2026.
5 Aug 1998 to 3 Nov 2026.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Gross profit | 76,477 | 89,796 | Not reported | Not reported | Not reported |
| Operating profit | +855 | -13,092 | -21,671 | +589 | -4,488 |
| Result for the year | -2,694 | -19,112 | -24,829 | +5,756 | -6,189 |
| Equity | 41,049 | 21,723 | -4,698 | -4,266 | -6,450 |
| Total assets | 77,647 | 76,669 | 68,211 | 74,738 | 62,494 |
| Employees (average) | 276 | 403 | 419 | 365 | 276 |
| Credit metrics (Dandex calculations) | |||||
| Gross profit growth (vækst i bruttofortjeneste) | 30.2% | 17.4% | Not reportednote 1 | Not reportednote 1 | Not reportednote 1 |
| EBITDA | 3,737 | -10,304 | -17,464 | 5,684 | -2,342 |
| EBITDA / gross profit (EBITDA i procent af bruttofortjenesten) | 4.9% | -11.5% | Not reportednote 1 | Not reportednote 1 | Not reportednote 1 |
| Employee growth (vækst i antal ansatte) | 15.5% | 46% | 4% | -12.9% | -24.4% |
| Net interest-bearing debt (NIBD, nettorentebærende gæld) | -21,322 | -10,067 | 5,363 | 2,430 | -1,983 |
| Gearing, NIBD / EBITDA | Net cash | n.m.note 2 | n.m.note 2 | 0.4x | n.m.note 2 |
| ROIC (afkast af investeret kapital) | 3.2%note 3 | -65.1%note 4 | -274.4%note 4 | n.m.note 5 | n.m.note 5 |
| Capex (investeringer i anlægsaktiver) | 4,544 | 5,015 | 5,120 | 732 | 830 |
| FCFF / EBITDA (pengestrømskonvertering) | 76.6%note 3 | n.m.note 2 | n.m.note 2 | -31%note 6 | n.m.note 2 |
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 and gearing a multiple. Definitions. Revenue-based rows are empty: the company reports gross profit only (bruttofortjeneste), which class B filers may. Group figures (koncern).
Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 30 Jun 2026
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 1 Jul 2025
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 9 Jul 2024
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 4 Jul 2023
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 7 Jun 2022
2 registered in CVR.
P-number 100624461824, 9999 Ukendt
P-number 1012677053Filmbyen 23, 8000 Aarhus C
No other current company drawn.
