CVR 31778565Private limited company (ApS)Finansielle holdingselskaber (642110)SkiveFounded 10 Oct 2008
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 MWH 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 DandexGross profit
-12.3K
DKK, annual report 2025
Result
-14K
DKK, annual report 2025
Equity
776.6K
DKK, annual report 2025
Michael Walter Heltzen100% of capital and votes, since 10 Oct 2008
Personal holding company
Dandex estimate: NACE 642110, controlled by a personMichael Walter Heltzensince 10 Oct 2008
100% of capital and votessince 10 Oct 2008
Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.
2 Danish companies.
SubsidiaryCVR 33156685100% of capital and votes
SubsidiaryCVR 3525740390% to under 100% of capital and votes
Found by searching the CVR owner register (ejerregister) for MWH 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 33155980100% of capital and votes3 Jul 2013 to 7 Oct 2016
Decided by Dandex with fixed rules from CVR and the filed annual reports, and for the auditor's report, the business model and the revenue model a calibrated decision model reading the report's text and the purpose clause, not registered by the company. Each label links to its definition.
CVR records founders at incorporation. It does not record whether they are alive or still involved.
10 Oct 2008 to 15 Nov 2026.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Gross profit | -9 | -12 | -214 | -12 | -12 |
| Operating profit | -9 | -12 | -214 | -12 | -12 |
| Result for the year | -10 | -114 | -312 | -14 | -14 |
| Equity | 1,230 | 1,116 | 805 | 791 | 777 |
| Total assets | 1,454 | 1,355 | 1,059 | 1,061 | 1,063 |
| Employees (average) | Not reported | Not reported | Not reported | Not reported | 0 |
| Credit metrics (Dandex calculations) | |||||
| 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. | ||||
| 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 % 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.
Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 10 Jul 2026
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 13 Jun 2025
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 29 Jun 2024
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 26 Jun 2023
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 8 Jul 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 MWH 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.
From CVR, read 15 Nov 2026. Text such as the signing rule and purpose is shown as registered.
From CVR, read 15 Nov 2026. A change is counted each time the registry records a new value, so a corrected address or an audit firm under a new entity counts too.
11 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.
Direktion:
Fratrådte:
Mads Vestergaard Ginnerup, den 23.10.2026.
Tiltrådte:
Michael Walter Heltzen, den 23.10.2026.
Direktion:
Fratrådte:
Michael Walter Heltzen, (adm. dir), den 06.07.2022.
Tiltrådte:
Mads Vestergaard Ginnerup, den 06.07.2022.
Binavne:
GREY MATTER HOLDING ApS UNDER TVANGSOPLØSNING
HELTZEN ApS UNDER TVANGSOPLØSNING
HELTZEN HOLDING ApS UNDER TVANGSOPLØSNING
MICHAEL HELTZEN ApS UNDER TVANGSOPLØSNING
MICHAEL HELTZEN HOLDING ApS UNDER TVANGSOPLØSNING
Den under 01.12.2018 fremsendte anmodning til Skifteretten i Viborg om opløsning af virksomheden, er tilbagetaget.
Direktion:
Tiltrådte:
Michael Walter Heltzen, (adm. dir), den 10.10.2008.
Selskabet tegnes af direktøren.
Anmodning om opløsning, jf. selskabslovens § 225 sendt til Skifteretten i Viborg den 01.12.2018
Direktion:
Fratrådte:
Michael Walter Heltzen (adm. dir), den 01.12.2018.
Revision:
Fratrådte:
BRANDT STATSAUTORISERET REVISIONSPARTNERSELSKAB, den 17.06.2015.
CVR-nummer
31778565.
NAVN:
MWH HOLDING ApS.
Adresse: c/o Michael Heltzen, Gl. Skolevej 5, 7800 Skive.
Kommune: Skive.
Revision:
Fratrådte:
ERNST & YOUNG Godkendt Revisionspartnerselskab, den 01.05.2015.
Tiltrådte:
CVR-NR. 25492145 BRANDT STATSAUTORISERET REVISIONSPARTNERSELSKAB, Frugtparken 3, 7800 Skive, den 01.05.2015.
Vedtægter ændret:
12.06.2013.
Ny adresse:
c/o Michael Heltzen, Gl. Skolevej 5, Dommerby, 7800 Skive.
Ny kommune:
Skive.
Nye binavne:
GREY MATTER HOLDING ApS, HELTZEN ApS, HELTZEN HOLDING ApS, MICHAEL HELTZEN ApS, MICHAEL HELTZEN HOLDING ApS.
Selskabet tegnes af direktøren.
Revision:
Indtrådt i revisionen:
KPMG STATSAUTORISERET REVISIONSPARTNERSELSKAB, Værkmestergade 25, 8000 Aarhus C, den 31.05.2012.
Ny adresse:
c/o Michael Heltzen, Sønder Alle 12, 3. tv., 8000 Århus C.
Stiftelsesdato:
10.10.2008.
Seneste vedtægtsdato:
10.10.2008.
Kapital:
kr. 125.000,00.
Indbetalingsmåde:
kontant kr. 125.000,00 til kurs 100,00.
Stifter:
Michael Walter Heltzen, den 10.10.2008.
Direktion:
Michael Walter Heltzen (adm. dir), den 10.10.2008.
Selskabet tegnes af en direktør.
Første regnskabsår:
10.10.2008 - 31.12.2009.
Regnskabsår:
01.01 - 31.12.
1 registered in CVR.
P-number 1014842132Gl. Skolevej 5, 7800 Skive