Elas A/S
A/SActiveAdvertising protectionCVR 14457291Industrivej Nord 1, 7400 HerningManufacture of other wearing apparel and accessories n.e.c.· NACE 1429Est. 1990 · 36 years old40 employees
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Overview
Elas A/S is a Danish A/S based in Herning, operating in the Manufacture of other wearing apparel and accessories n.e.c. sector. Incorporated in 1990, the company has 40 employees and reported a gross profit of DKK 35.5m in its latest annual filing.
Gross profit 2026
35.5M DKK
+3% vs 2025
EBITDA margin (of gross profit)
43.6 %
+15% vs 2025
Net profit 2026
13.2M DKK
+14% vs 2025
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
81.1 %
Very strongAmong the 20% highest rated companies in the industry
20222026
Liquidity ratioCurrent assets ÷ Short-term debt
4.6×
Very strongAmong the 20% highest rated companies in the industry
20222026
Return on assets (ROA)Net profit ÷ Total assets × 100
26.0 %
Very strongAmong the 20% highest rated companies in the industry
20222026
EBITDA — year on year
DKK millionsKey figures
Annual report 2026| Gross profit | 35.5M DKK | +3% |
| EBITDA | 15.5M DKK | +15% |
| Net profit | 13.2M DKK | +14% |
| Total assets | 50.7M DKK | +7% |
| Equity | 41.1M DKK | +8% |
| Employees | 40 | — |
Company information
Legal name
ELAS A/S
CVR number
14457291
Legal form
Aktieselskab
NACE code
Founded
20 August 1990 · 36 years
Share capital
DKK 1,000,000
Employees
40 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2026-07-31
Financial year
January – December
Signatory rights
Selskabet tegnes af 3 medlemmer af bestyrelsen, den samlede bestyrelse eller af den administrerende direktør alene.
Company purpose
Selskabets formål er at drive fabrikation og handel.
(no translation available)
Contact
Address
Industrivej Nord 1, 7400 Herning
Phone
+45 9712 1322
Email
elas@elas.dk
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2026), Elas A/S reported a gross profit of DKK 35.5m, an increase of 3% on the year before. The figures on this page draw on 5 annual filings covering 2022 to 2026. The bottom line showed a net profit of DKK 13.2m, and the EBITDA margin stood at 43.6%.
At the end of 2026, equity financed 81.1% of the balance sheet, and current assets covered short-term debt 4.6 times.
Financials
Gross profit
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Gross profit | 35,475 | 34,520 | 35,342 | 33,263 | 34,089 |
| Staff expenses | -19,987 | -21,038 | -20,382 | -20,164 | -19,952 |
| EBITDA | 15,474 | 13,482 | 14,960 | 13,070 | 14,077 |
| Depreciation & amort. | -1,360 | -1,510 | -1,635 | -1,480 | -1,699 |
| EBIT | 14,113 | 11,972 | 13,325 | 11,590 | 12,378 |
| Net financials | 2,155 | 2,227 | 2,230 | 1,988 | 1,629 |
| Profit before tax | 16,268 | 14,198 | 15,555 | 13,578 | 14,008 |
| Tax | 3,105 | 2,628 | 2,919 | 2,510 | 2,683 |
| Net profit | 13,163 | 11,570 | 12,636 | 11,067 | 11,324 |
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Balance sheet
DKK thousands| Item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total assets | 50,705 | 47,228 | 48,084 | 46,068 | 41,334 |
| Equity | 41,140 | 37,972 | 37,402 | 32,766 | 30,699 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 8,407 | 8,101 | 9,548 | 12,202 | 9,674 |
| Total debt | 8,407 | 8,101 | 9,548 | 12,202 | 9,674 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
43.6 %
20222026
Equity ratio
81.1 %
Very strongAmong the 20% highest rated companies in the industry
20222026
Return on equity
32.0 %
StrongAmong the 30% highest rated companies in the industry
20222026
Net profit margin (of gross profit)
37.1 %
20222026
Asset turnover (of gross profit)
0.70×
20222026
Debt / equity
0.23×
Very strongAmong the 20% highest rated companies in the industry
20222026
Sector performance
23 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Strong
Among the 30% 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 20% 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)Strong
Among the 30% 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 20% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery strong
Among the 20% highest 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.
Liquidity
Current ratioVery strong
Among the 20% highest 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 ratioStrong
Among the 30% highest 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 strong
Among the 20% 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 strong
Among the 20% highest 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 capitalAverage
Around the average of companies in the same 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 ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery strong
Among the 20% highest 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 ratioVery strong
Among the 20% highest 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 equityVery strong
Among the 20% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery strong
Among the 20% highest 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 10% 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 20% 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 40% 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 capitalVery strong
Among the 20% highest 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 equityAverage
Around the average of companies in the same 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 2026Filed via CVR / Virk · Period 2025-08-01 – 2026-07-31
- Annual report 2025Filed via CVR / Virk · Period 2024-08-01 – 2025-07-31
- Annual report 2024Filed via CVR / Virk · Period 2023-08-01 – 2024-07-31
- Annual report 2023Filed via CVR / Virk · Period 2022-08-01 – 2023-07-31
- Annual report 2022Filed via CVR / Virk · Period 2021-08-01 – 2022-07-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
EH Founder | Founder | 1990 |
AB Chief Executive Officer | Chief Executive Officer | 2009 |
Former (2)
PE Management | Management | 2006 – 2009 |
JW Management | Management | 2006 – 2006 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
KK Board of Directors | Board of Directors | 2015 |
JK Board of Directors | Board of Directors | 2025 |
PE Chairman | Chairman | 2015 |
AB Board of Directors | Board of Directors | 2006 |
MB Board of Directors | Board of Directors | 2006 |
Former (4)
KF Board of Directors | Board of Directors | 2007 – 2010 |
KB Board of Directors | Board of Directors | 2006 – 2006 |
JZ Chairman | Chairman | 2006 – 2015 |
JW Board of Directors | Board of Directors | 2006 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 33.33–49.99% | 33.33–49.99% | 2018 | |
| Company | 33.33–49.99% | 33.33–49.99% | 2018 | |
| Company | 20–24.99% | 20–24.99% | 2018 | |
| Company | 10–14.99% | 10–14.99% | 2013 | |
| Individual | 5–9.99% | 5–9.99% | 2006 |
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
MABO HOLDING ApS
Elas A/S (this company)Board network connections
Board members of Elas A/S also hold positions in 83 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kristian Foss | Board of Directors | 55 companiesMany roles |
| Anders Boll | Chief Executive Officer | 10 companiesMany roles |
| Mads Boll | Board of Directors | 5 companies |
| Poul Erik Boll | Management | 4 companies |
| Kresten Karlsen | Board of Directors | 3 companies |
| Jesper Krogh Agersnap | Board of Directors | 3 companies |
| Jørgen Zartov | Chairman | 2 companies |
| Kirsten Boll | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of Elas A/S?
Elas A/S is registered with CVR / Virk under CVR 14457291.
What is the gross profit of Elas A/S?
Elas A/S reported a gross profit of DKK 35.5m in 2026.
How many employees does Elas A/S have?
Elas A/S employs 40 people as of the latest annual report.
Who is the CEO of Elas A/S?
Anders Boll is the CEO of Elas A/S, in role since 2009.
Who is the chairman of Elas A/S?
Poul Erik Boll chairs the board of Elas A/S, in role since 2015.
Where is Elas A/S headquartered?
Elas A/S's registered address is Industrivej Nord 1.