Incitech A/S

Q: What is the CVR number of Incitech A/S?

Incitech A/S is registered with CVR / Virk under CVR 14980938.

Q: What is the gross profit of Incitech A/S?

Incitech A/S reported a gross profit of -DKK 89.0k in 2026.

Q: Who is the chairman of Incitech A/S?

Thomas Schiff Krogh chairs the board of Incitech A/S, in role since 2003.

Q: Where is Incitech A/S headquartered?

Incitech A/S's registered address is Nørredamsvej 111.

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CVR 14980938Nørredamsvej 111, 3480 FredensborgBusiness and other management consultancy activities· NACE 7020Est. 1991 · 35 years old— employees

Overview

Incitech A/S is a Danish A/S based in Fredensborg, operating in the Business and other management consultancy activities sector. Incorporated in 1991, the company reported a gross profit of -DKK 89.0k in its latest annual filing.

Gross profit 2026

-89K DKK

−165% vs 2025

EBITDA margin (of gross profit)

100.0 %

−165% vs 2025

Net profit 2026

-110.1K DKK

-204% vs 2025

Key ratios

See full ratios →

33.3 %

Weak

Among the 40% lowest rated companies in the industry

20222026

1.5×

Weak

Among the 40% lowest rated companies in the industry

20222026

-75.2 %

Very weak

Among the 10% lowest rated companies in the industry

20222026

EBITDA — year on year

DKK thousands

Key figures

Annual report 2026

Gross profit	-89K DKK	-165%
EBITDA	-89K DKK	-165%
Net profit	-110.1K DKK	-204%
Total assets	146.5K DKK	-39%
Equity	48.8K DKK	-69%
Employees	—	—

Contact

Address

Nørredamsvej 111, 3480 Fredensborg

Phone

+45 4086 5500

bl@incitech.dk

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2026), Incitech A/S reported a gross profit of -DKK 89.0k, a decrease of 165% on the year before. The figures on this page draw on 5 annual filings covering 2022 to 2026. The bottom line showed a net loss of DKK 110.1k.

At the end of 2026, equity financed 33.3% of the balance sheet, and current assets covered short-term debt 1.5 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2026	2025	2024	2023	2022
Gross profit	-89	136	144	-89	-18
Staff expenses	-0	-0	-0	-0	-139
EBITDA	-89	136	144	-89	-157
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	-89	136	144	-89	-157
Net financials	-1	-1	-1	-1	-33
Profit before tax	-90	135	143	-90	-190
Tax	20	30	31	-20	-42
Net profit	-110	106	111	-70	-148

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Balance sheet

DKK thousands

Item	2026	2025	2024	2023	2022
Total assets	146	240	389	447	541
Equity	49	159	53	-33	37
Long-term debt	0	0	0	0	0
Short-term debt	98	81	336	480	503
Total debt	98	81	336	480	503

Financial ratios

5-year trend

EBITDA margin (of gross profit)

<−999 %

20222026

Equity ratio

33.3 %

Weak

Among the 40% lowest rated companies in the industry

20222026

Return on equity

-225.4 %

Very weak

Among the 10% lowest rated companies in the industry

20222026

Net profit margin (of gross profit)

<−999 %

20222026

Asset turnover (of gross profit)

-0.61×

20222026

Debt / equity

2.00×

Very weak

Among the 20% lowest rated companies in the industry

20222026

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 weak

Among the 10% lowest 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 weak

Among the 10% lowest 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 weak

Among the 10% lowest 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 weak

Among the 10% lowest 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 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 ratioVery weak

Among the 20% 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 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 ratioWeak

Among the 40% lowest 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 debtVery weak

Among the 10% lowest rated companies in the industry

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

EBITDA to debtVery weak

Among the 20% lowest rated companies in the industry

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

Interest coverageVery weak

Among the 10% lowest rated companies in the industry

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

Interest rate on debtAverage

Around the average of companies in the same industry

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

Interest marginVery weak

Among the 10% 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.

Efficiency & development

Equity to contributed capitalVery weak

Among the 20% 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 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 2026
Filed via CVR / Virk · Period 2025-05-01 – 2026-04-30
View PDF
Annual report 2025
Filed via CVR / Virk · Period 2024-05-01 – 2025-04-30
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2023-05-01 – 2024-04-30
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-05-01 – 2023-04-30
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-05-01 – 2022-04-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (2)
BL Bjarne Larsen Management	Management	1991
PB Preben Bang Henriksen Founder	Founder	1991

Board of directors

Non-executive oversight

Name	Role	Member since
Current (3)
BL Bjarne Larsen Board of Directors	Board of Directors	1991
TS Thomas Schiff Krogh Chairman	Chairman	2003
SK Susanne Krogh Board of Directors	Board of Directors	1991

Former (6)


JS Jeanne Schubert Secher Ikov Board of Directors	Board of Directors	1991 – 1993
JS Jan Stæhr Board of Directors	Board of Directors	1991 – 2003
MG Mogens Gaardboe Bertelsen Board of Directors	Board of Directors	1991 – 1991
PB Preben Bang Henriksen Board of Directors	Board of Directors	1991 – 1991
LM Lone Mai Henriksen Board of Directors	Board of Directors	1991 – 1991
ET Ernst Tage Penlau Board of Directors	Board of Directors	1991 – 1993

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Bjarne Larsen	Individual	100%	100%	1993

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Incitech A/S also hold positions in 276 other companies.

Person	Role here	Other companies
Preben Bang Henriksen	Founder	273 companiesMany roles
Bjarne Larsen	Management	2 companies
Thomas Schiff Krogh	Chairman	1 company

Frequently asked questions

What is the CVR number of Incitech A/S?

Incitech A/S is registered with CVR / Virk under CVR 14980938.

What is the gross profit of Incitech A/S?

Incitech A/S reported a gross profit of -DKK 89.0k in 2026.

Who is the chairman of Incitech A/S?

Thomas Schiff Krogh chairs the board of Incitech A/S, in role since 2003.

Where is Incitech A/S headquartered?

Incitech A/S's registered address is Nørredamsvej 111.