TRUUST KRO ApS

APSBankrupt

CVR 10088011Truust Gade 17, 8882 FårvangRestaurant activities· NACE 5611Est. 2002 · 24 years old4 employees

Overview

TRUUST KRO ApS is a Danish APS based in Fårvang, operating in the Restaurant activities sector. Incorporated in 2002, the company has 4 employees and reported a gross profit of DKK 149.9k in its latest annual filing.

Gross profit 2024

0.1M DKK

−15% vs 2023

EBITDA margin (of gross profit)

6.0 %

+152% vs 2023

Net profit 2024

-0.1M DKK

+72% vs 2023

Key ratios

See full ratios →

-8.5 %

Weak

Among the 30% lowest rated companies in the industry

20202024

0.0×

Very weak

Among the 10% lowest rated companies in the industry

20202024

-10.1 %

Weak

Among the 30% lowest rated companies in the industry

20202024

EBITDA — year on year

DKK thousands

Key figures

Annual report 2024

Gross profit	0.1M DKK	-15%
EBITDA	0M DKK	+152%
Net profit	-0.1M DKK	+72%
Total assets	1.2M DKK	-5%
Equity	-0.1M DKK	-627%
Employees	4	—

Financial development

In its most recent annual report (2024), TRUUST KRO ApS reported a gross profit of DKK 149.9k, a decrease of 15% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net loss of DKK 116.8k, and the EBITDA margin stood at 6%.

At the end of 2024, current assets covered short-term debt 0 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2024	2023	2022	2021	2020
Gross profit	150	177	311	272	354
Staff expenses	-141	-194	-202	-127	-130
EBITDA	9	-17	109	145	223
Depreciation & amort.	-35	-321	-19	-19	-150
EBIT	-26	-338	90	126	73
Net financials	-91	-77	-76	-91	-90
Profit before tax	-117	-415	15	35	-17
Tax	-0	-0	1	1	27
Net profit	-117	-415	14	34	-44

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Balance sheet

DKK thousands

Item	2024	2023	2022	2021	2020
Total assets	1,154	1,209	1,543	1,591	1,612
Equity	-98	19	435	421	387
Long-term debt	661	677	724	766	814
Short-term debt	590	513	385	404	411
Total debt	1,252	1,190	1,108	1,170	1,225

Financial ratios

5-year trend

EBITDA margin (of gross profit)

6.0 %

20202024

Equity ratio

-8.5 %

Weak

Among the 30% lowest rated companies in the industry

20202024

Return on equity

—

20202024

Net profit margin (of gross profit)

-77.9 %

20202024

Asset turnover (of gross profit)

0.13×

20202024

Debt / equity

—

20202024

Sector performance

18 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on assets (ROA)Weak

Among the 30% lowest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Basic earning power (BEP)Weak

Among the 40% lowest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioWeak

Among the 30% lowest rated companies in the industry

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Gross marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Not rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on net assets (RONA)Not rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Liquidity

Current ratioVery weak

Among the 10% lowest rated companies in the industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioVery weak

Among the 10% lowest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioVery weak

Among the 10% lowest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Fixed assets to long-term capitalVery weak

Among the 20% lowest rated companies in the industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioVery weak

Among the 10% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Current assets to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Debt & solvency

Solidity ratioWeak

Among the 30% lowest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioWeak

Among the 30% lowest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Income to debtWeak

Among the 30% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtWeak

Among the 40% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageWeak

Among the 40% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtVery weak

Among the 10% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginWeak

Among the 30% lowest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Debt to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Efficiency & development

Equity to contributed capitalWeak

Among the 40% lowest rated companies in the industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityVery weak

Among the 10% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtAverage

Around the average of companies in the same industry

The size of this year's increase or decrease in the company's debt.

Asset turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Annual reports & filings

Annual report 2024
Filed via CVR / Virk · Period 2023-10-01 – 2024-09-30
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-10-01 – 2023-09-30
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-10-01 – 2022-09-30
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-10-01 – 2021-09-30
View PDF
Annual report 2020
Filed via CVR / Virk · Period 2019-10-01 – 2020-09-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (5)


OT Ole Tilsted Christensen Audit	Audit	2002 – 2007
CF Christian Fogh Schultz Founder	Founder	2002 – 2026
KC Karsten Cronwald Jensen Liquidator	Liquidator	2025 – 2025
RM Rikke Møller McCulloch Management	Management	2004 – 2025
JF Jette Fogh Schultz Management	Management	2002 – 2005

Board of directors

Non-executive oversight

Name	Role	Member since

Former (2)


CF Christian Fogh Schultz Board of Directors	Board of Directors	2002 – 2004
JF Jette Fogh Schultz Board of Directors	Board of Directors	2002 – 2004

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Knud Møller Frandsen	Individual	100%	100%	2025
Rikke Møller McCulloch	Individual	100%	100%	2004

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of TRUUST KRO ApS also hold positions in 11 other companies.

Person	Role here	Other companies
Karsten Cronwald Jensen	Liquidator	8 companiesMany roles
Ole Tilsted Christensen	Audit	2 companies
Jette Fogh Schultz	Management	1 company

Frequently asked questions

What is the CVR number of TRUUST KRO ApS?

TRUUST KRO ApS is registered with CVR / Virk under CVR 10088011.

What is the gross profit of TRUUST KRO ApS?

TRUUST KRO ApS reported a gross profit of DKK 149.9k in 2024.

How many employees does TRUUST KRO ApS have?

TRUUST KRO ApS employs 4 people as of the latest annual report.

Where is TRUUST KRO ApS headquartered?

TRUUST KRO ApS's registered address is Truust Gade 17.