M+ Iii A/S

Public limited companyCVR 43435108HorsensActive

M+ Iii A/S is a public limited company, based in Horsens, active in non-financial holding companies, founded in 2022. After a loss in 2024, the company made a profit of DKK 99.1m in 2025. With 9 employees, the company is about 9 times larger than the industry median. 8 other companies in the database are registered at the same address.

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Key figures · financial year 2025

Gross profitDKK 63,400+808% vs. 2024

Net profitDKK 99.1m+507.2% vs. 2024

EquityDKK 1.3bn+8.4% vs. 2024

Employees9latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

Gross profit rose 808% (2024 → 2025), to DKK 63,400.
Net profit went from a loss of DKK 24.3m to a profit of DKK 99.1m (2024 → 2025).
Equity rose 8% (2024 → 2025), to DKK 1.3bn.

Registrations, last 24 months

01/03/2025: Moved to Rosenkrantzvej 2, 8700 Horsens
28/02/2025: Moved to Rosenkrantzvej 2, 8700 Horsens

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2022–2025 · amounts in DKK thousand

Equity and net profit

EquityNet profit

Financial figures for M+ Iii A/S
	2022	2023	2024	2025	Change
Revenue	not stated	not stated	not stated	not stated	–
Gross profit	5,336	694	7	63	+808%
Operating profit (EBIT)	1,313	694	–	–	–
Profit before tax	30,053	−194,170	−29,329	94,935	+423.7%
Net profit	30,563	−191,541	−24,339	99,099	+507.2%
Total assets	1,958,751	1,789,741	1,648,065	1,772,380	+7.5%
Equity	1,407,063	1,207,792	1,183,502	1,283,306	+8.4%
Liabilities	551,688	581,949	464,564	487,652	+5%
Cash and cash equivalents	32	189	0	11	–
Average number of employees	9	0	–	0	–

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.

Download the figures as CSV · free with an account, amounts in whole DKK

Compare with the industry (2,138 companies)

Gross profitMedian, the industry (2,138 companies)

Annual reports

4 financial years

Annual reports for M+ Iii A/S
Financial year	Period	Published	Figures for	Documents
2025	01/01/2025 – 31/12/2025	04/06/2026	The company	PDF not statedXBRL
2024	01/01/2024 – 31/12/2024	11/06/2025	The company	PDF XBRL
2023	01/01/2023 – 31/12/2023	21/06/2024	The company	PDF XBRL
2022	10/08/2022 – 31/12/2022	30/06/2023	The company	PDF XBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR

Employees

Position in the industry

2,138 companies in the database

Comparison with the other companies in non-financial holding companies based on the latest financial year.

Gross profitDKK 63,400No. 757 of 2,093

Better than 64% of the companies in the industry

EquityDKK 1.3bnNo. 63 of 2,138

Better than 97% of the companies in the industry

Number of employees9No. 1714 of 2,138

Better than 20% of the companies in the industry

Industry median: gross profit −DKK 31,805, net profit DKK 701k, equity DKK 32.1m, 1 employees.

Distribution of gross profit for 820 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form

Rank among similar companies
Group	Gross profit	Equity
Companies with fewer than 20 employees69,967 companies in the comparison	No. 61,632of 69,742 Better than 12%	No. 172of 69,964 Better than 100%
Same industry and fewer than 20 employees2,092 companies in the comparison	No. 721of 2,048 Better than 65%	No. 56of 2,092 Better than 97%
Companies that are founded within the last five years16,662 companies in the comparison	No. 14,608of 16,614 Better than 12%	No. 24of 16,661 Better than 100%
All companies of type A/S18,025 companies in the comparison	No. 16,504of 17,786 Better than 7%	No. 334of 18,024 Better than 98%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Non-financial holding companies

Gross profit

M+ Iii A/SDKK 63,400
Heartland A/SDKK 19.9bn
Andel A.M.B.A.DKK 5.6bn

Net profit

M+ Iii A/SDKK 99.1m
Heartland A/SDKK 4.9bn
Andel A.M.B.A.−DKK 2.9bn

Equity

M+ Iii A/SDKK 1.3bn
Heartland A/SDKK 39.2bn
Andel A.M.B.A.DKK 29.5bn

Employees

M+ Iii A/S9
Heartland A/S34
Andel A.M.B.A.28

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register

Owners

B.a.m. A/S66.67%
R+f A/S20%

M+ Iii A/S

Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

4 active registrations

Executive management

Executive management at M+ Iii A/S
Name	Role	Appointed
Claus Porsgaard	Director	10/08/2022

Board of directors

Board of directors at M+ Iii A/S
Name	Role	Appointed
Bettina Antitsch Mortensen	Chair of the board	16/09/2022
Claus Porsgaard	Board member	16/09/2022
Per Christian Hansen	Deputy chair	27/06/2023

Auditor: Pricewaterhousecoopers Statsautoriseret Revisionspartnerselskab
Founders: M+ Invest ApS

Former management (1)

Former management at M+ Iii A/S
Name	Role	Appointed	Resigned
Per Christian Hansen	Board member	16/09/2022	26/06/2023

Signing rule: Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem, af to bestyrelsesmedlemmer i forening, eller af den samlede bestyrelse.

Address and production units

1 active production units

Rosenkrantzvej 2
8700 Horsens

Horsens Municipality · Postcode 8700

Other companies at the address (8)

Hybel Danmark A/SActivities of non-financial head offices
Hybel Midt A/SConstruction of buildings
Hybel Sjælland A/SConstruction of buildings
Hybel Syd A/SConstruction of buildings
Plushusene Management ApSCombined facilities support activities

Production units
Production unit	Address	Industry	Employees	P number
M+ III A/S	Rosenkrantzvej 2, 8700 Horsens	Non-financial holding companies	9	1028472834

Purpose

Selskabets formål er enten direkte eller indirekte at drive handels-, administrations-, udviklings-, investerings-, og finansierings- og ejendomsvirksomhed af enhver art.

The purpose is quoted from the register in Danish.

Changes year by year

24 registered events

132022

52023

22024

32025

12026

20261 changeaccounts 1

04/06AccountsAnnual report for 2025 published

20253 changesaccounts 1 · address 2

11/06AccountsAnnual report for 2024 published
01/03AddressMoved to Rosenkrantzvej 2, 8700 Horsens
28/02AddressMoved to Rosenkrantzvej 2, 8700 Horsens

20242 changesaccounts 1 · address 1

21/06AccountsAnnual report for 2023 published
23/04AddressMoved to Rosenkrantzvej 2, 8700 Horsens

20235 changesaccounts 1 · management 2 · address 1 · name 1

30/06AccountsAnnual report for 2022 published
27/06ManagementPer Christian Hansen appointed deputy chair
26/06ManagementPer Christian Hansen stepped down as board member
15/05AddressMoved to Rosenkrantzvej 2, 8700 Horsens
24/03NameName changed from M+ III ApS to M+ III A/S

202213 changesownership 6 · capital 2 · management 4 · founded 1

01/11OwnershipR+F A/S registered as owner (20%)
01/11OwnershipFRB NewCo ApS is no longer registered as owner
01/10OwnershipFRB NewCo ApS registered as owner (33.33%)
01/10OwnershipB.A.M. A/S registered as owner (66.67%)
01/10OwnershipM+ Invest ApS is no longer registered as owner
30/09CapitalShare capital changed from 5,000,000 DKK to 6,450,000 DKK
24/09CapitalShare capital changed from 40,000 DKK to 5,000,000 DKK
16/09ManagementPer Christian Hansen appointed board member
16/09ManagementBettina Antitsch Mortensen appointed chair of the board
16/09ManagementClaus Porsgaard appointed board member
10/08FoundedRegistered as M+ III ApS
10/08ManagementClaus Porsgaard appointed director
10/08OwnershipM+ Invest ApS registered as owner (100%)

Related companies

Same industry in Horsens

M+ Invest A/S18 employees
Motus Nordic Group A/S10 employees
Holdingselskabet Vejlesøvej 36 ApS8 employees
Star Invest A/S4 employees
Egnsinvest Holding A/S4 employees
Frost Holding Ejendomme ApS3 employees

See all →

Same people in management

Nordstern ApSvia Per Christian Hansen
Flügger group A/Svia Bettina Antitsch Mortensen
Torvehallerne A/Svia Per Christian Hansen
Flex Modul A/Svia Claus Porsgaard
Stenhøj Husene A/Svia Bettina Antitsch Mortensen
Hybel Danmark A/Svia Bettina Antitsch Mortensen

Largest in the industry

See all →

Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVR Report a correction