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Mi Steelwork A/S

Public limited companyCVR 21770906Esbjerg NActive

Mi Steelwork A/S is a public limited company, based in Esbjerg N, active in machining of metals, founded in 1999. The company made a loss in both 2024 and 2025, most recently DKK 2.6m. With 38 employees, the company is about 5 times larger than the industry median. Equity fell to DKK 5.9m in 2025.

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Key figures · financial year 2025

Gross profitDKK 23.3m+11.9% vs. 2024
Net profit−DKK 2.6m−1,009.1% vs. 2024
EquityDKK 5.9m−30.6% vs. 2024
Employees38latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 12% (2024 → 2025), to DKK 23.3m.
  • The loss grew: from DKK 233k to DKK 2.6m (2024 → 2025).
  • Equity fell 31% (2024 → 2025), to DKK 5.9m.

Employees

  • 6 fewer employees than a year earlier: 38 (08/2026) against 44 (08/2025).

Management and owners, last 24 months

  • New in management: Gitte Muf (board member, 04/03/2026).
  • Stepped down: Teil Philmann Bechmann Pedersen (board member, 04/03/2026).

Registrations, last 24 months

  • 13/08/2025: Name changed from M.I. MONTAGE A/S to Mi Steelwork A/S
  • 01/01/2025: Industry changed to Machining of metals (255300)

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 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14m202020212022202320242025
EquityNet profit
Financial figures for Mi Steelwork A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit18,11519,63524,42126,34020,81123,290+11.9%
Operating profit (EBIT)1,6271,6601,6556,288−167−2,851−1,603.2%
Profit before tax1,4901,5631,3435,982−282−3,283−1,062.7%
Net profit1,1571,2161,0014,786−233−2,582−1,009.1%
Total assets18,47225,22028,28527,91125,64325,566−0.3%
Equity6,9118,0149,01613,6828,4495,866−30.6%
Liabilities10,99716,53618,48913,61716,61619,699+18.6%
Cash and cash equivalents4893,6743158414−83.4%
Average number of employees323443404446+4.5%

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 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
Gross profitMedian, the industry (444 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

  • Equity fell sharply

    Equity fell 31% from 2024 to 2025 (DKK 8.4m to DKK 5.9m).

    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 Mi Steelwork A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202512/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202427/02/2025The companyPDFXBRL
202301/01/2023 – 31/12/202306/03/2024The companyPDFXBRL
202201/01/2022 – 31/12/202201/03/2023The companyPDFXBRL
202101/01/2021 – 31/12/202125/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202012/03/2021The 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
0102030405009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

444 companies in the database

Comparison with the other companies in machining of metals based on the latest financial year.

Gross profitDKK 23.3mNo. 54 of 444
Better than 88% of the companies in the industry
EquityDKK 5.9mNo. 136 of 444
Better than 70% of the companies in the industry
Number of employees38No. 35 of 444
Better than 92% of the companies in the industry

Industry median: gross profit DKK 4.9m, net profit DKK 423k, equity DKK 2.8m, 7 employees.

DKK 100kDKK 692kDKK 4.8mDKK 33.1mDKK 120.2mHere
Distribution of gross profit for 436 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 20–49 employees9,922 companies in the comparison
No. 2,225of 9,892
Better than 78%
No. 4,337of 9,922
Better than 56%
Same industry and 20–49 employees75 companies in the comparison
No. 22of 75
Better than 72%
No. 57of 75
Better than 24%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 2,960of 24,791
Better than 88%
No. 8,948of 24,909
Better than 64%
All companies of type A/S18,025 companies in the comparison
No. 5,309of 17,786
Better than 70%
No. 10,839of 18,024
Better than 40%

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

Machining of metals
Gross profit
  1. Mi Steelwork A/SDKK 23.3m
  2. Beritech A/SDKK 229m
  3. Hrs A/SDKK 131.9m
Net profit
  1. Mi Steelwork A/S−DKK 2.6m
  2. Beritech A/S−DKK 15.5m
  3. Hrs A/SDKK 19.7m
Equity
  1. Mi Steelwork A/SDKK 5.9m
  2. Beritech A/SDKK 107.9m
  3. Hrs A/SDKK 76.1m
Employees
  1. Mi Steelwork A/S38
  2. Beritech A/S258
  3. Hrs A/S152

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
  • Muf Holding ApS100%
Mi Steelwork A/S

Management

4 active registrations

Executive management

Executive management at Mi Steelwork A/S
NameRoleAppointed
Kenneth Muf SørensenDirector29/02/2012

Board of directors

Board of directors at Mi Steelwork A/S
NameRoleAppointed
Kenneth Muf SørensenBoard member22/08/2016
Tommy Amstrup LaursenChair of the board24/05/2022
Gitte MufBoard member04/03/2026
Founders
Martin Muf Sørensen
Former management (13)
Former management at Mi Steelwork A/S
NameRoleAppointedResigned
Jørgen Muf VesterbyeBoard member24/06/199918/12/2000
Niels Peter BangBoard member24/06/199927/08/2012
Martin Muf SørensenBoard member24/06/199927/08/2012
Martin Muf SørensenDirector24/06/199929/02/2012
Kjeld KlastrupBoard member18/12/200027/08/2012
Kenneth Muf SørensenBoard member14/05/200427/08/2012
Lars GorzelakBoard member27/08/201222/08/2016
Frank Hoffenzits NielsenBoard member27/08/201222/08/2016
Sven HolstChair of the board27/08/201224/05/2022
Kim Arthur JunkBoard member22/08/201602/07/2018
Gitte MufBoard member02/07/201820/05/2019
Tommy Amstrup LaursenBoard member20/05/201923/05/2022
Teil Philmann Bechmann PedersenBoard member24/05/202204/03/2026

Signing rule: Selskabet tegnes af direktøren og 2 bestyrelsesmedlemmer i forening, eller af den samlede bestyrelse.

Address and production units

1 active production units

Limfjordsvej 13
6715 Esbjerg N

Esbjerg Municipality · Postcode 6715

Production units
Production unitAddressEmployeesP number
Mi Steelwork A/SLimfjordsvej 13, 6715 Esbjerg N381000838889

Purpose

Selskabets formål er at drive produktion, industrimontage og reprationsarbejder samt dermed beslægtet virksomhed efter bestyrelsens nærmere skøn.

The purpose is quoted from the register in Danish.

Changes year by year

42 registered events
20263 changesaccounts 1 · management 2
  • Annual report for 2025 published
  • Gitte Muf appointed board member
  • Teil Philmann Bechmann Pedersen stepped down as board member
20253 changesname 1 · accounts 1 · industry 1
  • Name changed from M.I. MONTAGE A/S to Mi Steelwork A/S
  • Annual report for 2024 published
  • Industry changed to Machining of metals (255300)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20225 changesaccounts 1 · management 4
  • Annual report for 2021 published
  • Tommy Amstrup Laursen appointed chair of the board
  • Teil Philmann Bechmann Pedersen appointed board member
  • Sven Holst stepped down as chair of the board
  • Tommy Amstrup Laursen stepped down as board member
20212 changesaddress 1 · accounts 1
  • Moved to Limfjordsvej 13, 6715 Esbjerg N
  • Annual report for 2020 published
20192 changesmanagement 2
  • Tommy Amstrup Laursen appointed board member
  • Gitte Muf stepped down as board member
20182 changesmanagement 2
  • Gitte Muf appointed board member
  • Kim Arthur Junk stepped down as board member
20164 changesmanagement 4
  • Kenneth Muf Sørensen appointed board member
  • Kim Arthur Junk appointed board member
  • Lars Gorzelak stepped down as board member
  • Frank Hoffenzits Nielsen stepped down as board member
201210 changesmanagement 9 · ownership 1
  • Sven Holst appointed chair of the board
  • Lars Gorzelak appointed board member
  • Frank Hoffenzits Nielsen appointed board member
  • Kenneth Muf Sørensen stepped down as board member
  • Kjeld Klastrup stepped down as board member
  • Martin Muf Sørensen stepped down as board member
  • Niels Peter Bang stepped down as board member
  • Kenneth Muf Sørensen appointed director
  • Martin Muf Sørensen stepped down as director
  • MUF HOLDING ApS registered as owner (100%)
20081 changeindustry 1
  • Industry changed to Manufacture of locks and hinges (256200)
20041 changemanagement 1
  • Kenneth Muf Sørensen appointed board member
20002 changesmanagement 2
  • Kjeld Klastrup appointed board member
  • Jørgen Muf Vesterbye stepped down as board member
19995 changesfounded 1 · management 4
  • Registered as M.I. MONTAGE A/S
  • Jørgen Muf Vesterbye appointed board member
  • Martin Muf Sørensen appointed director
  • Martin Muf Sørensen appointed board member
  • Niels Peter Bang appointed board member

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Same people in management

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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 CVRReport a correction