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MHO Operations ApS

Private limited companyCVR 38948563EsbjergActive

MHO Operations ApS is a private limited company, based in Esbjerg, active in renting and leasing of water transport equipment, founded in 2017. The company went from a profit in 2024 to a loss of DKK 38.3m in 2025. Measured by gross profit, it ranks no. 1 of 13 companies in the industry in the database. With 88 employees, the company is about 29 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 63.9m−15.9% vs. 2024
Net profit−DKK 38.3m−612.8% vs. 2024
EquityDKK 72.8m−34% vs. 2024
Employees88latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 16% (2024 → 2025), to DKK 63.9m.
  • Net profit went from a profit of DKK 7.5m to a loss of DKK 38.3m (2024 → 2025).
  • Equity fell 34% (2024 → 2025), to DKK 72.8m.

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 2020–2025 · amounts in DKK thousand

Equity and net profit

−DKK 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320242025
EquityNet profit
Financial figures for MHO Operations ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit21,81021,71940,11057,16475,92563,860−15.9%
Operating profit (EBIT)8,0823,10615,16122,49423,638−21,680−191.7%
Profit before tax4,550−1,0408,58711,2236,670−38,294−674.2%
Net profit5,884−6399,29811,2237,468−38,294−612.8%
Total assets95,913221,626249,514336,001348,534332,275−4.7%
Equity14,68772,85487,404100,386110,43572,843−34%
Liabilities81,225148,772162,110234,472237,449226,643−4.6%
Cash and cash equivalents66471023,0294272237+67.9%
Average number of employees1829–427973−7.6%

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 2020, 2021, 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

DKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60mDKK 70mDKK 80m202020212022202320242025
Gross profitMedian, the industry (13 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 34% from 2024 to 2025 (DKK 110.4m to DKK 72.8m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

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

6 financial years
Annual reports for MHO Operations ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202510/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202405/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202324/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202229/03/2023The companyPDFXBRL
202101/01/2021 – 31/12/202128/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202015/04/2021The companyPDFXBRL

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
02040608010008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

13 companies in the database

Comparison with the other companies in renting and leasing of water transport equipment based on the latest financial year.

Gross profitDKK 63.9mNo. 1 of 13
Better than 100% of the companies in the industry
EquityDKK 72.8mNo. 1 of 13
Better than 100% of the companies in the industry
Number of employees88No. 1 of 13
Better than 100% of the companies in the industry

Industry median: gross profit DKK 2m, net profit DKK 200k, equity DKK 2.1m, 3 employees.

DKK 323kDKK 1.2mDKK 4.5mDKK 17mDKK 41.1mHere
Distribution of gross profit for 10 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
GroupGross profitEquity
Companies with 50–199 employees4,467 companies in the comparison
No. 1,313of 4,412
Better than 70%
No. 891of 4,466
Better than 80%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 527of 33,588
Better than 98%
No. 899of 33,687
Better than 97%
All companies of type ApS66,508 companies in the comparison
No. 521of 66,379
Better than 99%
No. 1,513of 66,505
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

Renting and leasing of water transport equipment
Gross profit
  1. MHO Operations ApSDKK 63.9m
  2. Crane Offshore-Service ApSDKK 4.7m
  3. Lighthouse Aviation ApSDKK 4.7m
Net profit
  1. MHO Operations ApS−DKK 38.3m
  2. Crane Offshore-Service ApSDKK 824k
  3. Lighthouse Aviation ApSDKK 3.2m
Equity
  1. MHO Operations ApSDKK 72.8m
  2. Crane Offshore-Service ApSDKK 2.1m
  3. Lighthouse Aviation ApSDKK 3.3m
Employees
  1. MHO Operations ApS88
  2. Crane Offshore-Service ApS4
  3. Lighthouse Aviation ApS3

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
MHO Operations ApS

Management

1 active registrations

Executive management

Executive management at MHO Operations ApS
NameRoleAppointed
Mik HenriksenCEO18/09/2017
Founders
Mho-co A/S

Signing rule: Selskabet tegnes af én direktør.

Address and production units

1 active production units

Havdigevej 39
6700 Esbjerg

Esbjerg Municipality · Postcode 6700

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
MHO Operations ApSHavdigevej 39, 6700 Esbjerg951022856118

Purpose

Selskabets formål er at drive virksomhed inden for handel og industri, finansieringsvirksomhed, shipping og anden i forbindelse hermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

18 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20232 changesaccounts 1 · address 1
  • Annual report for 2022 published
  • Moved to Havdigevej 39, 6700 Esbjerg
20221 changeaccounts 1
  • Annual report for 2021 published
20213 changescapital 1 · merger 1 · accounts 1
  • Share capital changed from 2,200,000 DKK to 2,250,000 DKK
  • Merger registered in CVR
  • Annual report for 2020 published
20203 changesname 1 · capital 1 · merger 1
  • Name changed from MHO 3 ApS to MHO Operations ApS
  • Share capital changed from 2,050,000 DKK to 2,200,000 DKK
  • Merger registered in CVR
20191 changeaddress 1
  • Moved to Morsøgade 4, 6700 Esbjerg
20181 changeaddress 1
  • Moved to Morsøgade 4, 6700 Esbjerg
20174 changescapital 1 · founded 1 · management 1 · ownership 1
  • Share capital changed from 50,000 DKK to 2,050,000 DKK
  • Registered as MHO 3 ApS
  • Mik Henriksen appointed ceo
  • MHO-Co A/S registered as owner (100%)

Related companies

Same people in management

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 CVRReport a correction