Bovictus A/S

A/SBankruptAdvertising protection

CVR 14781749Hjarbækvej 65, 8831 LøgstrupNon-specialised wholesale trade· NACE 4690Est. 1990 · 35 years old12 employees

Overview

Bovictus A/S is a Danish A/S based in Løgstrup, operating in the Non-specialised wholesale trade sector. Incorporated in 1990, the company has 12 employees and reported a gross profit of DKK 28.9m in its latest annual filing.

Gross profit 2017

28.9M DKK

+11% vs 2016

EBITDA margin (of gross profit)

16.9 %

+28% vs 2016

Net profit 2017

1.2M DKK

+61% vs 2016

Key ratios

See full ratios →

18.1 %

Weak

Among the 40% lowest rated companies in the industry

20132017

1.2×

Weak

Among the 40% lowest rated companies in the industry

20132017

1.4 %

Average

Around the average of companies in the same industry

20132017

EBITDA — year on year

DKK thousands

Key figures

Annual report 2017

Gross profit	28.9M DKK	+11%
EBITDA	4.9M DKK	+28%
Net profit	1.2M DKK	+61%
Total assets	84.2M DKK	+10%
Equity	15.2M DKK	+9%
Employees	12	—

Contact

Address

Hjarbækvej 65, 8831 Løgstrup

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Financial development

In its most recent annual report (2017), Bovictus A/S reported a gross profit of DKK 28.9m, an increase of 11% 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 1.2m, and the EBITDA margin stood at 16.9%.

At the end of 2017, equity financed 18.1% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Gross profit

DKK millions

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2017	2016	2015	2014	2013
Gross profit	28,934	26,122	24,229	23,851	25,273
Staff expenses	-24,058	-22,300	-20,053	-18,636	-17,664
EBITDA	4,877	3,822	4,176	5,215	7,608
Depreciation & amort.	-817	-678	-1,099	-1,964	-2,177
EBIT	4,060	3,144	3,077	3,251	5,432
Net financials	-2,853	-2,394	-2,556	-2,600	-4,194
Profit before tax	1,208	750	521	651	1,237
Tax	-0	-0	-0	-0	-0
Net profit	1,208	750	521	651	1,237

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Balance sheet

DKK thousands

Item	2017	2016	2015	2014	2013
Total assets	84,196	76,572	82,913	74,941	76,684
Equity	15,225	14,017	13,267	12,747	12,095
Long-term debt	1,369	2,735	4,116	5,477	6,861
Short-term debt	67,601	59,820	65,529	56,717	57,727
Total debt	68,971	62,555	69,646	62,194	64,588

Financial ratios

5-year trend

EBITDA margin (of gross profit)

16.9 %

20132017

Equity ratio

18.1 %

Weak

Among the 40% lowest rated companies in the industry

20132017

Return on equity

7.9 %

Average

Around the average of companies in the same industry

20132017

Net profit margin (of gross profit)

4.2 %

20132017

Asset turnover (of gross profit)

0.34×

20132017

Debt / equity

4.53×

Very weak

Among the 20% lowest rated companies in the industry

20132017

Sector performance

23 of 28 ratios graded

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

Profitability

Return on equity (ROE)Average

Around the average of companies in the same industry

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

Return on assets (ROA)Average

Around the average of companies in the same industry

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

Return on net assets (RONA)Average

Around the average of companies in the same 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)Average

Around the average of companies in the same industry

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

Capacity ratioAverage

Around the average of companies in the same 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 ratioWeak

Among the 40% 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 ratioWeak

Among the 40% 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 ratioWeak

Among the 30% lowest 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 capitalWeak

Among the 40% 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 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 equityVery weak

Among the 20% 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 equityVery weak

Among the 20% 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 debtAverage

Around the average of companies in the same industry

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

EBITDA to debtAverage

Around the average of companies in the same industry

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

Interest coverageAverage

Around the average of companies in the same industry

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

Interest rate on debtVery weak

Among the 20% lowest rated companies in the industry

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

Interest marginAverage

Around the average of companies in the same 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 capitalAverage

Around the average of companies in the same industry

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

One-year change in equityStrong

Among the 40% highest rated companies in the industry

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

One-year change in debtWeak

Among the 40% lowest 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 2017-01-01 – 2017-12-31
Annual report 2016
Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
Annual report 2015
Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
Annual report 2014
Filed via CVR / Virk · Period 2014-01-01 – 2014-12-31
Annual report 2013
Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (9)


PD Peter Duevang Nielsen Management	Management	2004 – 2006
SE Steen Engelbrecht Management	Management	2016 – 2018
CV Carsten Vinkler Chief Executive Officer	Chief Executive Officer	2001 – 2004
KK Kim Krull Jørgensen Chief Executive Officer	Chief Executive Officer	2012 – 2016
HK Henrik Kjellerup Markussen Management	Management	1998 – 1999
BD Bent Djerberg Founder	Founder	1990 – 2020
JD Jan Djerberg Chief Executive Officer	Chief Executive Officer	1999 – 2001
JA Jan Adolfsen Chief Executive Officer	Chief Executive Officer	2007 – 2012
SW Steen Wisbech Møller Founder	Founder	1990 – 2020

Board of directors

Non-executive oversight

Name	Role	Member since

Former (21)


TR Thomas Rosenstand Schacht Board of Directors	Board of Directors	2016 – 2018
PD Peter Duevang Nielsen Board of Directors	Board of Directors	2001 – 2006
TH Troels Harreby-Thomsen Board of Directors	Board of Directors	2003 – 2006
JK Jørgen Kjær Frandsen Board of Directors	Board of Directors	1999 – 2000
JN Jens Nielsen Board of Directors	Board of Directors	1996 – 1998
SA Svend Aage Dreist Hansen Board of Directors	Board of Directors	2018 – 2018
CV Carsten Vinkler Chairman	Chairman	1998 – 1998
LM Lisa Markfoged Chairman	Chairman	1995 – 1998
SR Steen Raagaard Andersen Board of Directors	Board of Directors	2000 – 2001
NF Niels Friis Pedersen Board of Directors	Board of Directors	2000 – 2001
KK Kim Krull Jørgensen Deputy Chairman	Deputy Chairman	2016 – 2018
HK Henrik Kjellerup Markussen Board of Directors	Board of Directors	1998 – 1999
CJ Claus Jesper Jeppesen Board of Directors	Board of Directors	2014 – 2016
VI Vagn Ibsen Board of Directors	Board of Directors	1990 – 1995
BD Bent Djerberg Board of Directors	Board of Directors	1990 – 1992
JD Jan Djerberg Board of Directors	Board of Directors	1990 – 2003
AK Annemarie Keller Laursen Board of Directors	Board of Directors	2014 – 2014
PL Peter Lund Chairman	Chairman	2014 – 2018
NJ Niels Jørgen Riis Jørgensen Board of Directors	Board of Directors	2001 – 2006
JA Jan Adolfsen Board of Directors	Board of Directors	2008 – 2014
SW Steen Wisbech Møller Board of Directors	Board of Directors	1990 – 1996

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Selskabet af 30. april 2019 ApS	Company	100%	100%	2010

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Related companies

Company hierarchy

Selskabet af 30. april 2019 ApS100%

Bovictus A/S (this company)

Board network connections

Board members of Bovictus A/S also hold positions in 139 other companies.

Person	Role here	Other companies
Svend Aage Dreist Hansen	Board of Directors	82 companiesMany roles
Peter Lund	Chairman	16 companiesMany roles
Steen Engelbrecht	Management	12 companiesMany roles
Kim Krull Jørgensen	Chief Executive Officer	11 companiesMany roles
Steen Raagaard Andersen	Board of Directors	7 companiesMany roles
Jørgen Kjær Frandsen	Board of Directors	3 companies
Henrik Kjellerup Markussen	Management	2 companies
Troels Harreby-Thomsen	Board of Directors	2 companies
Jan Djerberg	Chief Executive Officer	1 company
Thomas Rosenstand Schacht	Board of Directors	1 company
Lisa Markfoged	Chairman	1 company
Claus Jesper Jeppesen	Board of Directors	1 company

Frequently asked questions

What is the CVR number of Bovictus A/S?

Bovictus A/S is registered with CVR / Virk under CVR 14781749.

What is the gross profit of Bovictus A/S?

Bovictus A/S reported a gross profit of DKK 28.9m in 2017.

How many employees does Bovictus A/S have?

Bovictus A/S employs 12 people as of the latest annual report.

Where is Bovictus A/S headquartered?

Bovictus A/S's registered address is Hjarbækvej 65.