MICEMA EJENDOMME ApS (CVR 34490821) Company Profile

Ownership

Svale Invest ApS
CVR 33874855100% of capital and votessince 10 May 2012

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

Control Chain

Ultimate controller
Flemming Stener Kavena Visborg Madsen
Holds 100% of capital and votes in Svalegruppen ApS, since 9 Nov 2018
Capital100%
Votes100%
Holding company
Svalegruppen ApS
CVR 37457868Private limited company (ApS)
Holds 100% of capital and votes in Svale Invest ApS, since 1 Sep 2019
Capital100%
Votes100%
Holding company
Svale Invest ApS
CVR 33874855Private limited company (ApS)
Holds 100% of capital and votes in MICEMA EJENDOMME ApS, since 10 May 2012
Capital100%
Votes100%
This company
MICEMA EJENDOMME ApS
CVR 34490821

Each holds the one below it. Control follows votes: an owner with 50% or more controls. Each bar shows the registered band, solid to its lower bound and faint across the range CVR records, with a mark at 50%. Dandex estimate, computed 11 Nov 2026.

Dandex Estimates

Legal ownership resolution (Ejerforholdenes opløsning): Ends at a personThe chain of majority owners ends at a person, through 2 companies; legal owners in the CVR owner register only. Dandex estimate, rule v3, computed 11 Nov 2026.
Control tenure (Ejerskabsperiode): Pro: in the Pro plan, see pricingHow long the current ultimate controller has held control, from the CVR owner register.
Group position (Koncernforhold): Has a parent, and no majority holding in a Danish companyControlled by a company in CVR; it holds 50% or more of no Danish company. Dandex estimate, rule v2, computed 11 Nov 2026.
Holding company assets (Holdingselskabets aktiver): Pro: in the Pro plan, see pricingFor a holding company, the kind of asset that makes up half its balance sheet or more.
Signing authority, structured (Tegningsregel, struktureret): One person can bind the companyThe registered signing rule lets one person bind the company. Dandex estimate, rule v2, computed 11 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 (1)

Flemming Stener Kavena Visborg MadsenExecutive board since 13 Jan 2020

Founders (1)

Svale Invest ApSFounded 10 May 2012, holds a current role

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

Former (2)

John Stener MadsenExecutive board 3 Sep 2012 to 13 Jan 2020
Arne Kirkegaard MouritsenExecutive board 10 May 2012 to 3 Sep 2012

Network

Roles Over Time

Flemming Stener Kavena Visborg Madsen: Executive board, 13 Jan 2020 to today.

13 Jan 2020 to 11 Nov 2026.

Former (2)

John Stener Madsen: Executive board, 3 Sep 2012 to 13 Jan 2020.
Arne Kirkegaard Mouritsen: Executive board, 10 May 2012 to 3 Sep 2012.

10 May 2012 to 11 Nov 2026.

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

Network

Headcount

CVR holds no employment figures for this company.

Financials

Annual report figures by year, DKK thousands
Metric	2021	2022	2023	2024	2025
Gross profit	69	1,505	529	234	195
Operating profit	+50	Not reported	Not reported	+217	+177
Result for the year	0	+1,113	+396	+205	+162
Equity	771	1,884	2,280	2,485	2,647
Total assets	3,170	4,609	4,433	4,563	4,748
Employees (average)	1	Not reported	Not reported	Not reported	0
Credit metrics (Dandex calculations)
Gross profit growth (vækst i bruttofortjeneste)	-61.5%	2,086%	-64.9%	-55.8%	-16.8%
EBITDA	69	1,505^{note 1}	529^{note 1}	234	195
EBITDA / gross profit (EBITDA i procent af bruttofortjenesten)	Pro: in the Pro plan, see pricingEBITDA as a share of gross profit.
Employee growth (vækst i antal ansatte)	0%	Not reported^{note 2}	Not reported^{note 2}	Not reported^{note 2}	Not reported^{note 3}
Net interest-bearing debt (NIBD, nettorentebærende gæld)	Pro: in the Pro plan, see pricingInterest-bearing debt less cash and current securities; negative is net cash.
Gearing, NIBD / EBITDA	Pro: in the Pro plan, see pricingNet interest-bearing debt over EBITDA: the years of earnings the debt takes.
Interest coverage (rentedækning)	Pro: in the Pro plan, see pricingEBIT over finance expenses: how many times earnings cover the interest.
Adjusted equity ratio (justeret soliditetsgrad)	Pro: in the Pro plan, see pricingAdjusted equity as a share of total assets on the same basis.
ROIC (afkast af investeret kapital)	Pro: in the Pro plan, see pricingReturn on invested capital: EBIT after tax over equity plus net debt.
Capex (investeringer i anlægsaktiver)	1,356^{note 4}	236^{note 4}	Not reported^{note 5}	Not reported^{note 5}	0^{note 6}
Capex % of sales (investeringer i procent af omsætningen)	Pro: in the Pro plan, see pricingCapex as a share of revenue.
FCFF / EBITDA (pengestrømskonvertering)	Pro: 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.

1 Dandex estimate: EBIT rebuilt from profit before tax and financial items
2 no average employee figure in the annual report (ESEF reports carry none); the registry's monthly headcount is in company-profile
3 no average employee figure for the year before
4 additions per the fixed asset notes
5 disposals exceed investment
6 Dandex estimate: capex from the balance sheet change plus D&A

Credit rating (kreditvurdering): Pro: in the Pro plan, see pricingA score from 0 to 100.
Capital loss (kapitaltab): Pro: in the Pro plan, see pricingNegative equity, or equity below half the share capital, in the latest report.
Filing deadline and punctuality (indsendelsesfrist): Pro: in the Pro plan, see pricingThe next annual report deadline.

Annual Reports

Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 8 Jul 2026
XHTML
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 4 Jul 2025
PDF
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 4 Jul 2024
PDF
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 6 Jul 2023
PDF
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 23 Jun 2022
PDF

Financials

Changes

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

Signals (signaler)

Pro: 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).

Changes

Pro for This Company

The rows marked Pro on this page hold values in the Pro plan. For MICEMA EJENDOMME ApS, that is:

Credit and debt: Net interest-bearing debt, gearing, NIBD / EBITDA, interest coverage and adjusted equity ratio, for 2021 to 2025.Credit rating, capital loss and filing deadline and punctuality.
Returns and cash flow: EBITDA / gross profit, ROIC, capex % of sales and FCFF / EBITDA, for 2021 to 2025.
Advanced estimates: Control tenure and holding company assets.
Signals and monitoring: Signals on this company, as Dandex raises them.

See the Pro plan

Have Pro? Sign in to see the values on this page.

Registry Facts

Signing rule (Tegningsregel): Selskabet tegnes af en direktørsince 13 Jan 2020
Purpose (Formål): Selskabets formål er investering i fast ejendom, eje og administrere fast ejendom samt hvad der står i naturlig forbindelse hermedsince 10 May 2012
Audit opted out (Revision fravalgt): Yessince 10 May 2012
Articles of association last changed (Seneste vedtægtsdato): 13 Jan 2020
Owners under 5% registered (Ejerregistrering under 5 procent): Nosince 10 Jul 2015

Share Capital

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

10 May 201280,000 DKKEarliest in CVR

From CVR, read 11 Nov 2026. Text such as the signing rule and purpose is shown as registered.

Registry Facts

Registrations (Registreringer)

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

13 Jan 2020
People change
Vedtægter ændret: 13.01.2020
Direktion:
Fratrådte:
John Stener Madsen, (adm. dir), den 13.01.2020.
Tiltrådte:
Flemming Stener Madsen, (adm. dir), den 13.01.2020.
Selskabet tegnes af en direktør.
20 Aug 2017
Address change
Ny adresse: Baunholtvej 39, 7100 Vejle
Ny kommune: Vejle
17 Sep 2015
Address change
CVR-nummer:
34490821.
NAVN:
MICEMA EJENDOMME ApS.
Adresse: Mindet 1, st. th., 8660 Skanderborg.
Kommune: Skanderborg.
Ny adresse: Ryvej 6, 8752 Østbirk
Ny kommune: Horsens
7 Jan 2014
Other
Ny adresse:
Mindet 1, st. th., 8660 Skanderborg.
Ny kommune:
Skanderborg.
3 Sep 2012
People change Other
Ny adresse:
Ryvej 6, 8752 Østbirk.
Ny kommune:
Horsens.
Direktion:
Udtrådt af direktionen:
Show the full announcement
Arne Kirkegaard Mouritsen, den 03.09.2012.
Indtrådt i direktionen:
Ekspedient John Stener Madsen (adm. dir), den 03.09.2012.
10 May 2012
New company
Stiftelsesdato:
10.05.2012.
Seneste vedtægtsdato:
10.05.2012.
Kapital:
kr. 80.000,00.
Show the full announcement
Indbetalingsmåde:
Indbetalt kontant kr. 80.000,00 til kurs 100,00.
Stifter:
CVR-NR. 33874855 SVALE GRUPPEN ApS, Vestergade 17, Skanderborg By, 8660 Skanderborg, den 10.05.2012.
Direktion:
Bygmester Arne Kirkegaard Mouritsen (adm. dir), den 10.05.2012.
Selskabet tegnes af een direktør.
Første regnskabsår:
10.05.2012 - 31.12.2012.
Regnskabsår:
01.01 - 31.12.

Registrations (Registreringer)

Registration

Address: Baunholtvej 39
7100 Vejle
Vejle Municipality
CVR record last changed: 27 May 2025
Data read: 11 Nov 2026

Production Units

1 registered in CVR.

MICEMA EJENDOMME ApS
P-number 1017664731Baunholtvej 39, 7100 Vejle

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

Headcount

Financials

Changes

Registry Facts

Registrations (Registreringer)

Registration

Dandex in Your Own Tools

Ownership

People

Financials

Who Is Behind It

Ownership

Control Chain

Dandex Estimates

People

Current (1)

Founders (1)

Network

Roles Over Time

Network

Headcount

Financials

Annual Reports

Financials

Changes

Signals (signaler)

Changes

Pro for This Company

Registry Facts

Share Capital

Registry Facts

Registrations (Registreringer)

Registrations (Registreringer)

Registration

Production Units

Dandex in Your Own Tools

Who Is Behind It

Control Chain

Dandex Estimates

Current (1)

Founders (1)

Network

Owners and the control chain

Its people and their other companies

Network

Roles Over Time

Financials

Annual Reports

Changes

Signals (signaler)

Pro for This Company

Registry Facts

Share Capital

Registrations (Registreringer)

Production Units

Network

Owners and the control chain

Its people and their other companies