M+ Udvikling A/S

Public limited companyCVR 45389766HorsensActive

M+ Udvikling A/S is a public limited company, based in Horsens, active in development of building projects, founded in 2025. Equity was negative at the end of 2025 (−DKK 1.2m). The company is new and has been registered for 1 years. The latest net result (2025) was a loss of DKK 1.6m.

PDF report Compare

Key figures · financial year 2025

Gross profitDKK 4.9m

Net profit−DKK 1.6m

Equity−DKK 1.2m

Employees6latest month from CVR

What has changed

calculated from recorded figures and dates

Management and owners, last 24 months

New in management: Bettina Antitsch Mortensen (chair of the board, 09/02/2025), Per Christian Hansen (deputy chair, 09/02/2025) and Claus Porsgaard (director, 09/02/2025) (+1).
New owners registered: M+ Iii A/S (09/02/2025).

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 2025–2025 · amounts in DKK thousand

Financial figures for M+ Udvikling A/S
	2025	Change
Revenue	not stated	–
Gross profit	4,871	–
Operating profit (EBIT)	−1,949	–
Profit before tax	−1,990	–
Net profit	−1,553	–
Total assets	571	–
Equity	−1,153	–
Liabilities	1,722	–
Average number of employees	6	–

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 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

Signals from the financial statements

calculated from the 2025 figures

Negative equity
Equity was −DKK 1.2m at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

1 financial years

Annual reports for M+ Udvikling A/S
Financial year	Period	Published	Figures for	Documents
2025	09/02/2025 – 31/12/2025	03/06/2026	The company	PDF not statedXBRL

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

295 companies in the database

Comparison with the other companies in development of building projects based on the latest financial year.

Gross profitDKK 4.9mNo. 63 of 295

Better than 79% of the companies in the industry

Equity−DKK 1.2mNo. 280 of 295

Better than 5% of the companies in the industry

Number of employees6No. 71 of 295

Better than 76% of the companies in the industry

Industry median: gross profit DKK 1.7m, net profit DKK 109k, equity DKK 839k, 3 employees.

Distribution of gross profit for 255 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. 13,809of 69,742 Better than 80%	No. 67,409of 69,964 Better than 4%
Same industry and fewer than 20 employees275 companies in the comparison	No. 45of 275 Better than 84%	No. 260of 275 Better than 5%
Companies that are founded within the last five years16,662 companies in the comparison	No. 2,337of 16,614 Better than 86%	No. 15,949of 16,661 Better than 4%
All companies of type A/S18,025 companies in the comparison	No. 12,082of 17,786 Better than 32%	No. 17,406of 18,024 Better than 3%

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

Development of building projects

Gross profit

M+ Udvikling A/SDKK 4.9m
KT Erhvervsbyg A/SDKK 124.8m
AG Construction A/SDKK 119.8m

Net profit

M+ Udvikling A/S−DKK 1.6m
KT Erhvervsbyg A/SDKK 39.3m
AG Construction A/SDKK 34.3m

Equity

M+ Udvikling A/S−DKK 1.2m
KT Erhvervsbyg A/SDKK 167.3m
AG Construction A/SDKK 258.5m

Employees

M+ Udvikling A/S6
KT Erhvervsbyg A/S111
AG Construction A/S47

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

M+ Iii A/S100%

M+ Udvikling A/S

Management

4 active registrations

Executive management

Executive management at M+ Udvikling A/S
Name	Role	Appointed
Claus Porsgaard	Director	09/02/2025

Board of directors

Board of directors at M+ Udvikling A/S
Name	Role	Appointed
Bettina Antitsch Mortensen	Chair of the board	09/02/2025
Per Christian Hansen	Deputy chair	09/02/2025
Claus Porsgaard	Board member	09/02/2025

Auditor: Pricewaterhousecoopers Statsautoriseret Revisionspartnerselskab
Founders: M+ Iii A/S

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+ Udvikling A/S	Rosenkrantzvej 2, 8700 Horsens	Development of building projects	6	1031063309

Purpose

Selskabets formål er ejendoms- og projektudvikling, byggestyring og totalentreprise mv. samt enhver dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

9 registered events

82025

12026

20261 changeaccounts 1

03/06AccountsAnnual report for 2025 published

20258 changesaddress 2 · founded 1 · management 4 · ownership 1

01/03AddressMoved to Rosenkrantzvej 2, 8700 Horsens
28/02AddressMoved to Rosenkrantzvej 2, 8700 Horsens
09/02FoundedRegistered as M+ Udvikling A/S
09/02ManagementBettina Antitsch Mortensen appointed chair of the board
09/02ManagementPer Christian Hansen appointed deputy chair
09/02ManagementClaus Porsgaard appointed director
09/02ManagementClaus Porsgaard appointed board member
09/02OwnershipM+ III A/S registered as owner (100%)

Related companies

Same industry in Horsens

Hegermann Projekt Byg ApS10 employees
EEbyg ApS10 employees
PS Byg og Anlæg ApS10 employees
Mortensen Gruppen A/S5 employees
Bbb ApS2 employees
BygVaerk DK ApS2 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

KT Erhvervsbyg A/SDKK 124.8m
AG Construction A/SDKK 119.8m
De Forenede Ejendomsselskaber A/SDKK 85.3m
Holberg Fenger Invest ApSDKK 51.4m
Kjær Knudsen A/SDKK 41.2m
Merkuras A/SDKK 36.8m

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.

View in CVR Report a correction