CVR 25589319Private limited company (ApS)Ikke-finansielle holdingselskaber (642120)SkiveFounded 4 Dec 2013
CVR holds no employment figures for this company.
Compiled by Dandex from the Danish Business Registry (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 MADS GINNERUP HOLDING 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 DandexEmployees
114
Annual report 2026, average
Gross profit
96.2M
DKK, annual report 2026
+9.1% on 2025
Result
+45.6M
DKK, annual report 2026
Equity
138M
DKK, annual report 2026
Mads Vestergaard Ginnerup100% of capital and votes, since 4 Dec 2013
Personal holding company
Dandex estimate: NACE 642120, controlled by a personMads Vestergaard Ginnerupsince 4 Dec 2013
100% of capital and votessince 4 Dec 2013
Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.
8 Danish companies, which own 6 more one level down.
Subsidiary or joint ventureCVR 4549962650% to under 66.7% of votes
CVR 563898145% to under 10% of capital and votes
Subsidiary or joint ventureCVR 4670417750% to under 66.7% of votes
CVR 563898145% to under 10% of capital and votes
CVR 2558932733.3% to under 50% of capital and votes
CVR 5638981433.3% to under 50% of capital and votes
CVR 355173915% to under 10% of capital and votes
CVR 4243734425% to under 33.3% of capital and votes
CVR 2868286733.3% to under 50% of capital and votes
CVR 4197234320% to under 25% of capital and votes
CVR 4044115815% to under 20% of capital and votes
CVR 3885272850% to under 66.7% of capital and votes
CVR 400956085% to under 10% of capital
CVR 3828088050% to under 66.7% of capital and votes
Found by searching the CVR owner register (ejerregister) for MADS GINNERUP HOLDING ApS as owner: Danish companies it holds 5% or more of, and their holdings one level down. Foreign holdings are not in CVR.
CVR 2868286733.3% to under 50% of capital and votes1 Feb 2021 to 25 Nov 2021
Decided by Dandex with fixed rules from CVR and the filed annual reports, not registered by the company. Each label links to its definition.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Gross profit | 66,807 | 77,771 | 74,815 | 88,166 | 96,217 |
| Operating profit | +17,511 | +22,077 | +21,834 | +34,829 | +36,070 |
| Result for the year | +16,628 | +16,580 | +29,015 | +23,804 | +45,577 |
| Equity | 72,174 | 81,354 | 100,519 | 109,046 | 138,000 |
| Total assets | 115,770 | 143,782 | 163,664 | 184,570 | 246,585 |
| Employees (average) | 106 | 117 | 110 | 110 | 114 |
| Credit metrics (Dandex calculations) | |||||
| Gross profit growth (vækst i bruttofortjeneste) | -2% | 16.4% | -3.8% | 17.8% | 9.1% |
| EBITDA | 19,696 | 24,282 | 24,286 | 37,486 | 38,443 |
| EBITDA / gross profit (EBITDA i procent af bruttofortjenesten)Pro: EBITDA / gross profit (EBITDA i procent af bruttofortjenesten) is in the Pro plan, see pricingEBITDA as a share of gross profit. | Pro: EBITDA / gross profit (EBITDA i procent af bruttofortjenesten) is in the Pro plan, see pricingEBITDA as a share of gross profit. | ||||
| Employee growth (vækst i antal ansatte) | 1.9% | 10.4% | -6% | -6% | 3.6% |
| Net interest-bearing debt (NIBD, nettorentebærende gæld)Pro: Net interest-bearing debt (NIBD, nettorentebærende gæld) is in the Pro plan, see pricingInterest-bearing debt less cash and current securities; negative is net cash. | Pro: Net interest-bearing debt (NIBD, nettorentebærende gæld) is in the Pro plan, see pricingInterest-bearing debt less cash and current securities; negative is net cash. | ||||
| Gearing, NIBD / EBITDAPro: Gearing, NIBD / EBITDA is in the Pro plan, see pricingNet interest-bearing debt over EBITDA: the years of earnings the debt takes. | Pro: Gearing, NIBD / EBITDA is in the Pro plan, see pricingNet interest-bearing debt over EBITDA: the years of earnings the debt takes. | ||||
| Interest coverage (rentedækning)Pro: Interest coverage (rentedækning) is in the Pro plan, see pricingEBIT over finance expenses: how many times earnings cover the interest. | Pro: Interest coverage (rentedækning) is in the Pro plan, see pricingEBIT over finance expenses: how many times earnings cover the interest. | ||||
| Adjusted equity ratio (justeret soliditetsgrad)Pro: Adjusted equity ratio (justeret soliditetsgrad) is in the Pro plan, see pricingAdjusted equity as a share of total assets on the same basis. | Pro: Adjusted equity ratio (justeret soliditetsgrad) is in the Pro plan, see pricingAdjusted equity as a share of total assets on the same basis. | ||||
| ROIC (afkast af investeret kapital)Pro: ROIC (afkast af investeret kapital) is in the Pro plan, see pricingReturn on invested capital: EBIT after tax over equity plus net debt. | Pro: ROIC (afkast af investeret kapital) is in the Pro plan, see pricingReturn on invested capital: EBIT after tax over equity plus net debt. | ||||
| Capex (investeringer i anlægsaktiver) | 1,371 | 2,114 | 2,290 | 5,025 | 5,364 |
| Capex % of sales (investeringer i procent af omsætningen)Pro: Capex % of sales (investeringer i procent af omsætningen) is in the Pro plan, see pricingCapex as a share of revenue. | Pro: Capex % of sales (investeringer i procent af omsætningen) is in the Pro plan, see pricingCapex as a share of revenue. | ||||
| FCFF / EBITDA (pengestrømskonvertering)Pro: FCFF / EBITDA (pengestrømskonvertering) is in the Pro plan, see pricingFree cash flow to the firm as a share of EBITDA. | Pro: FCFF / EBITDA (pengestrømskonvertering) is in the Pro plan, see pricingFree cash flow to the firm as a share of EBITDA. | ||||
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. Rows marked Pro hold a value in the Pro plan. Definitions. Revenue-based rows are empty: the company reports gross profit only (bruttofortjeneste), which class B filers may. Group figures (koncern).
Annual report 2026
1 Jul 2025 to 30 Jun 2026, published 21 Oct 2026
Annual report 2025
1 Jul 2024 to 30 Jun 2025, published 23 Oct 2025
Annual report 2024
1 Jul 2023 to 30 Jun 2024, published 11 Oct 2024
Annual report 2023
1 Jul 2022 to 30 Jun 2023, published 15 Oct 2023
Annual report 2022
1 Jul 2021 to 30 Jun 2022, published 11 Nov 2022
No changes since Dandex began following this company. For announcements from before then, see Registrations.
Pro: Signals (signaler) are in the Pro plan, see pricingChanges worth a look, raised from the registry and new annual reports.
New leadership (nyt lederskab), New company (ny virksomhed), Ownership change (ejerskifte), Relocation (flytning), Growth surge (vækstspurt), Headcount decline (nedgang i ansatte), Restructuring (omstrukturering), Industry change (brancheskift), Board change (bestyrelsesændring), Dissolution (ophør), Distress warning (risikoadvarsel), Fund investment (fondsinvestering), Fund exit (fondsexit), Fund board seat (fondsbestyrelsespost).
The rows marked Pro on this page hold values in the Pro plan. For MADS GINNERUP HOLDING ApS, that is:
Have Pro? Sign in to see the values on this page.
Each registered value from the day it took effect, newest first.
Demerger (spaltning), as the receiving company (modtagende selskab)
From CVR, read 12 Nov 2026. Text such as the signing rule and purpose is shown as registered.
3 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.
Revision:
Fratrådte:
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB, den 20.10.2021.
Tiltrådte:
CVR-NR. 32895468 BEIERHOLM, STATSAUTORISERET REVISIONSPARTNERSELSKAB, Resenvej 81, 7800 Skive, den 20.10.2021.
Revision:
Tiltrådte:
CVR-NR. 33771231 PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB, Resenvej 81, 7800 Skive, den 20.11.2017.
Erhvervsstyrelsen har modtaget oplysning om, at der er truffet beslutning om nedenstående spaltning. Kapitalejerne har i enighed besluttet, at der ikke skal udarbejdes en spaltningsplan. Der er endvidere modtaget erklæring fra vurderingsmændene om, at kreditorerne i de deltagende selskaber må antages at være tilstrækkeligt sikrede efter spaltningen.
Selskabet er stiftet ved spaltning, den 04.12.2013. Selskabets aktiver og gæld er overdraget fra CVR-NR. 30717341 HEGI HOLDING ApS, der samtidig er opløst.
Seneste vedtægtsdato:
04.12.2013.
Kapital:
kr. 80.000,00.
Indbetalingsmåde:
Indbetalt ved spaltning kr. 80.000,00 til kurs 643,37.
Direktion:
Mads Vestergaard Ginnerup, (adm. dir), 7850 Stoholm Jyll, den 04.12.2013.
Selskabet tegnes af direktøren.
Første regnskabsår:
01.01.2013 - 30.06.2014.
Regnskabsår:
01.07 - 30.06.
1 registered in CVR.
P-number 1018975706Ulvevej 26, 7800 Skive
