CVR 39564688Private limited company (ApS)Køb og salg af egen fast ejendom (681100)SkalsFounded 2 May 2018
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 MAS Ejendomme 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
1
Annual report 2025, average
Gross profit
100.8K
DKK, annual report 2025
+1.7% on 2024
Result
-84.4K
DKK, annual report 2025
Equity
597.8K
DKK, annual report 2025
THF HOLDING ApSCVR 32320651, 100% of capital and votes, since 2 May 2018
Operating company
Dandex estimate: revenue or gross profit in the 2025 reportThomas Fredborgsince 2 May 2018
CVR 32320651100% of capital and votessince 2 May 2018
Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.
Ultimate controller
Holds 100% of capital and votes in THF HOLDING ApS, since 3 Feb 2011
Holding company
CVR 32320651Private limited company (ApS)
Holds 100% of capital and votes in MAS Ejendomme ApS, since 2 May 2018
This company
MAS Ejendomme ApS
CVR 39564688
Decided by Dandex with fixed rules from CVR and the filed annual reports, and for the auditor's report a calibrated decision model reading the auditor's text, 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.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Gross profit | 124 | 115 | 100 | 99 | 101 |
| Operating profit | +81 | +71 | +55 | +54 | +9 |
| Result for the year | +26 | +10 | -15 | -37 | -84 |
| Equity | 701 | 711 | 696 | 659 | 598 |
| Total assets | 2,723 | 2,713 | 2,680 | 2,629 | 2,755 |
| Employees (average) | Not reported | Not reported | Not reported | 1 | 1 |
| Credit metrics (Dandex calculations) | |||||
| Gross profit growth (vækst i bruttofortjeneste) | 24.8% | -7.5% | -12.8% | -1.2% | 1.7% |
| EBITDA | 124 | 115 | 100 | 99 | Not reportednote 1 |
| 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) | Not reportednote 2 | Not reportednote 2 | Not reportednote 2 | 0% | 0% |
| 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) | 25note 3 | 41note 4 | Not reportednote 5 | 0note 3 | 202note 4 |
| 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 13 Mar 2026
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 12 Mar 2025
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 8 Apr 2024
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 27 Feb 2023
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 6 May 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 MAS Ejendomme 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 13 Nov 2026. Text such as the signing rule and purpose is shown as registered.
From CVR, read 13 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.
2 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.
Revision:
Tiltrådte:
CVR-NR. 32093272 ULLITS & WINTHER STATSAUTORISERET REVISIONSPARTNERSELSKAB, Agerlandsvej 1, 8800 Viborg, den 24.10.2022.
Stiftelsesdato: 02.05.2018.
Seneste vedtægtsdato: 02.05.2018.
Kapital:
kr. 50.000,00.
Kapitalklasser: Nej
Indbetalingsmåde: Indbetalt kontant kr. 50.000,00 til kurs 100,00, fuldt indbetalt.
Stifter:
CVR-NR. 32320651 THF HOLDING ApS, c/o Thomas Fredborg, Nørremarkvej 14, Nr. Rind, 8832 Skals, den 02.05.2018.
Direktion:
Thomas Fredborg, den 02.05.2018.
Selskabet tegnes af en direktør..
Første regnskabsår:
02.05.2018 - 31.12.2018.
Regnskabsår:
01.01 - 31.12.
Formål:
Selskabets formål er at drive virksomhed med køb, salg og udlejning af ejendomme samt enhver i forbindelse hermed stående virksomhed.
1 registered in CVR.
P-number 1023610015Nørremarkvej 14, 8832 Skals