Combi Trading ApS

APSDissolved

CVR 10725070Hjortholmvej 19A, 4340 TølløseOther financial service activities, except insurance and pension funding n.e.c.· NACE 6499Est. 1987 · 39 years old1 employees

Overview

Combi Trading ApS is a Danish APS based in Tølløse, operating in the Other financial service activities, except insurance and pension funding n.e.c. sector. Incorporated in 1987, the company has 1 employee and reported a gross profit of -DKK 107.2k in its latest annual filing.

Gross profit 2017

-107.2K DKK

−321% vs 2016

EBITDA margin (of gross profit)

−330.7 %

−65% vs 2016

Net profit 2017

197.8K DKK

+231% vs 2016

Key ratios

See full ratios →

82.5 %

Weak

Among the 40% lowest rated companies in the industry

20132017

5.7×

Average

Around the average of companies in the same industry

20132017

95.5 %

Very strong

Among the 10% highest rated companies in the industry

20132017

EBITDA — year on year

DKK thousands

Key figures

Annual report 2017

Gross profit	-107.2K DKK	-321%
EBITDA	354.5K DKK	-65%
Net profit	197.8K DKK	+231%
Total assets	207.2K DKK	-87%
Equity	171K DKK	-65%
Employees	1	—

Financial development

In its most recent annual report (2017), Combi Trading ApS reported a gross profit of -DKK 107.2k, a decrease of 321% on the year before. The figures on this page draw on 5 annual filings covering 2013 to 2017. The bottom line showed a net profit of DKK 197.8k.

At the end of 2017, equity financed 82.5% of the balance sheet, and current assets covered short-term debt 5.7 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2017	2016	2015	2014	2013
Gross profit	-107	49	1,262	1,642	1,398
Staff expenses	-152	-1,343	-1,196	-1,584	-1,561
EBITDA	355	1,020	66	58	-163
Depreciation & amort.	155	-1,157	5	16	31
EBIT	200	-137	61	42	-194
Net financials	-2	-14	-4	-3	0
Profit before tax	198	-151	57	38	-194
Tax	-0	-0	-0	-0	-0
Net profit	198	-151	57	38	-194

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Balance sheet

DKK thousands

Item	2017	2016	2015	2014	2013
Total assets	207	1,613	2,371	0	0
Equity	171	483	634	—	—
Long-term debt	0	0	0	0	0
Short-term debt	36	1,130	1,736	0	0
Total debt	36	1,130	1,736	0	0

Financial ratios

5-year trend

EBITDA margin (of gross profit)

>999 %

20132017

Equity ratio

82.5 %

Weak

Among the 40% lowest rated companies in the industry

20132017

Return on equity

115.7 %

Very strong

Among the 10% highest rated companies in the industry

20132017

Net profit margin (of gross profit)

>999 %

20132017

Asset turnover (of gross profit)

-0.52×

20132017

Debt / equity

0.21×

Weak

Among the 40% lowest rated companies in the industry

20132017

Sector performance

22 of 28 ratios graded

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

Profitability

Return on equity (ROE)Very strong

Among the 10% highest rated companies in the industry

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

Return on assets (ROA)Very strong

Among the 10% highest rated companies in the industry

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

Return on net assets (RONA)Very strong

Among the 10% highest rated companies in the industry

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

Basic earning power (BEP)Very strong

Among the 10% highest rated companies in the industry

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

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.

Capacity ratioNot rated

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

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.

Liquidity

Current ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 ratioStrong

Among the 30% highest rated companies in the industry

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

Current assets to equityVery weak

Among the 20% lowest rated companies in the industry

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.

Fixed assets to long-term capitalVery strong

Among the 10% highest 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 strong

Among the 10% highest rated companies in the industry

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

Debt & solvency

Solidity ratioWeak

Among the 40% 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 40% 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.

Debt to equityWeak

Among the 40% lowest rated companies in the industry

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

Liabilities to equityWeak

Among the 40% lowest rated companies in the industry

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

Income to debtVery strong

Among the 20% highest rated companies in the industry

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

EBITDA to debtVery strong

Among the 10% highest rated companies in the industry

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

Interest coverageVery strong

Among the 10% highest rated companies in the industry

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

Interest rate on debtStrong

Among the 30% highest rated companies in the industry

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

Interest marginVery strong

Among the 20% highest 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.

Efficiency & development

Equity to contributed capitalWeak

Among the 30% 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 debtVery strong

Among the 10% highest rated companies in the 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 2017
Filed via CVR / Virk · Period 2016-04-02 – 2017-04-01
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2015-04-02 – 2016-04-01
View PDF
Annual report 2015
Filed via CVR / Virk · Period 2014-04-02 – 2015-04-01
View PDF
Annual report 2014
Filed via CVR / Virk · Period 2013-04-02 – 2014-04-01
View PDF
Annual report 2013
Filed via CVR / Virk · Period 2012-04-02 – 2013-04-01
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (4)


HG Henrik Geneser Steffen Management	Management	1987 – 2017
FS Flemming Schierning Hansen Audit	Audit	1987 – 1988
FT Finn Thomsen Management	Management	1987 – 1988
SB Steen Bo Petersen Audit	Audit	1987 – 2012

Board of directors

Non-executive oversight

Name	Role	Member since

Former (3)


HG Henrik Geneser Steffen Board of Directors	Board of Directors	1987 – 2017
KD Kim Due Kofod Board of Directors	Board of Directors	1987 – 2017
PH Preben Henrik Thane Simony Board of Directors	Board of Directors	1987 – 2017

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Henrik Geneser Steffen	Individual	33.33–49.99%	33.33–49.99%	1996
Kim Due Kofod	Individual	33.33–49.99%	33.33–49.99%	1996
Preben Henrik Thane Simony	Individual	33.33–49.99%	33.33–49.99%	1996

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Combi Trading ApS also hold positions in 10 other companies.

Person	Role here	Other companies
Steen Bo Petersen	Audit	5 companies
Finn Thomsen	Management	4 companies
Kim Due Kofod	Board of Directors	1 company

Frequently asked questions

What is the CVR number of Combi Trading ApS?

Combi Trading ApS is registered with CVR / Virk under CVR 10725070.

What is the gross profit of Combi Trading ApS?

Combi Trading ApS reported a gross profit of -DKK 107.2k in 2017.

How many employees does Combi Trading ApS have?

Combi Trading ApS employs 1 people as of the latest annual report.

Where is Combi Trading ApS headquartered?

Combi Trading ApS's registered address is Hjortholmvej 19A.