Michaels Automobiler ApS
Private limited companyCVR 26988136VardeActive
Michaels Automobiler ApS is a private limited company, based in Varde, active in retail sale of motor vehicles, founded in 2004. The company made a loss in both 2024 and 2025, most recently DKK 2.9m. With 26 employees, the company is about 7 times larger than the industry median. Equity fell to DKK 4.2m in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 91% (2024 → 2025), to DKK 11.3m.
- The loss got smaller: from DKK 5.9m to DKK 2.9m (2024 → 2025).
- Equity fell 41% (2024 → 2025), to DKK 4.2m.
Employees
- 7 fewer employees than a year earlier: 26 (08/2026) against 33 (08/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Retail sale of motor vehicles (478100)
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 6,892 | 9,306 | 9,723 | 7,402 | 5,919 | 11,314 | +91.1% |
| Operating profit (EBIT) | 2,784 | 4,094 | 3,076 | 547 | −3,718 | 61 | +101.7% |
| Profit before tax | 2,554 | 3,820 | 2,533 | −1,079 | −5,781 | −2,919 | +49.5% |
| Net profit | 1,927 | 2,925 | 1,936 | −942 | −5,925 | −2,911 | +50.9% |
| Total assets | 30,813 | 34,074 | 44,996 | 48,282 | 54,655 | 47,990 | −12.2% |
| Equity | 12,089 | 13,014 | 13,950 | 13,008 | 7,082 | 4,172 | −41.1% |
| Liabilities | 18,710 | 21,060 | 31,047 | 35,275 | 47,573 | 43,818 | −7.9% |
| Cash and cash equivalents | 0 | 5 | 0 | 3 | 2 | 15 | +605.4% |
| Average number of employees | 13 | 15 | 16 | 17 | 21 | 24 | +14.3% |
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
Signals from the financial statements
calculated from the 2025 figuresLoss for 3 years in a row
Net result has been negative in 2023–2025.
How is this calculated?
Net result is negative in the two or more latest annual reports in a row.
Equity fell sharply
Equity fell 41% from 2024 to 2025 (DKK 7.1m to DKK 4.2m).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.
Low equity ratio
Equity makes up 9% of total assets in 2025.
How is this calculated?
Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.
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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 23/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 01/07/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 26/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 03/07/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 20/05/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 23/03/2021 | The company | PDFXBRL |
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 CVRPosition in the industry
862 companies in the databaseComparison with the other companies in retail sale of motor vehicles based on the latest financial year.
Industry median: gross profit DKK 3.4m, net profit DKK 425k, equity DKK 3.7m, 4 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 20–49 employees9,922 companies in the comparison | No. 5,328of 9,892 Better than 46% | No. 5,123of 9,922 Better than 48% |
| Same industry and 20–49 employees137 companies in the comparison | No. 105of 137 Better than 24% | No. 121of 137 Better than 12% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 5,420of 24,791 Better than 78% | No. 10,647of 24,909 Better than 57% |
| All companies of type ApS66,508 companies in the comparison | No. 5,208of 66,379 Better than 92% | No. 12,764of 66,505 Better than 81% |
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
Retail sale of motor vehicles- Michaels Automobiler ApSDKK 11.3m
- Ejner Hessel A/SDKK 1.3bn
- Semler Mobility Retail A/SDKK 961.5m
- Michaels Automobiler ApS−DKK 2.9m
- Ejner Hessel A/SDKK 168.7m
- Semler Mobility Retail A/SDKK 50.9m
- Michaels Automobiler ApSDKK 4.2m
- Ejner Hessel A/SDKK 1.2bn
- Semler Mobility Retail A/SDKK 167.2m
- Michaels Automobiler ApS26
- Ejner Hessel A/S1,866
- Semler Mobility Retail A/S1,617
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Michaels Automobiler Holding ApS100%
Management
1 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Michael Østergaard Mathiasen | Director | 29/06/2004 |
- Founders
- Michael Østergaard Mathiasen
Signing rule: Selskabet tegnes af en direktør.
Address and production units
1 active production unitsJeppe Skovgaards Vej 2
6800 Varde
| Production unit | Address | Employees | P number |
|---|---|---|---|
| MICHAELS AUTOMOBILER ApS | Jeppe Skovgaards Vej 2, 6800 Varde | 26 | 1010657217 |
Purpose
Selskabets formål er at drive virksomhed med reparation, salg og køb a biler og hermed beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
12 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Retail sale of motor vehicles (478100)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20232 changesaccounts 1 · address 1
- AccountsAnnual report for 2022 published
- AddressMoved to Jeppe Skovgaards Vej 2, 6800 Varde
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20111 changeownership 1
- OwnershipMICHAELS AUTOMOBILER HOLDING ApS registered as owner (100%)
20081 changeindustry 1
- IndustryIndustry changed to Detailhandel med personbiler, varebiler og minibusser (451120)
20042 changesfounded 1 · management 1
- FoundedRegistered as MICHAELS AUTOMOBILER ApS
- ManagementMichael Østergaard Mathiasen appointed director
Related companies
Same industry in Varde
- Burgaard Sørensen A/S37 employees
- Linding Biler A/S8 employees
- Vestjysk Automobil-lager A/S5 employees
- Bilscenen A/S4 employees
- Borch Auto ApS3 employees
- Avibiler ApS2 employees
Largest in the industry
- Ejner Hessel A/SDKK 1.3bn
- Semler Mobility Retail A/SDKK 961.5m
- Autohuset Vestergaard A/S PersonvogneDKK 373.3m
- Nielsen Car Group A/SDKK 319.7m
- P. Christensen A/SDKK 289.3m
- Auto-Centralen A/SDKK 272.3m
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.