MUNINN AVIATION ApS

Q: What is the CVR number of MUNINN AVIATION ApS?

MUNINN AVIATION ApS is registered with CVR / Virk under CVR 15811102.

Q: Where is MUNINN AVIATION ApS headquartered?

MUNINN AVIATION ApS's registered address is Grinden 5.

APSDissolvedAdvertising protection

CVR 15811102Grinden 5, 9490 PandrupRental and leasing of air transport equipment· NACE 7735Est. 1991 · 34 years old— employees

Overview

MUNINN AVIATION ApS is a Danish APS based in Pandrup, operating in the Rental and leasing of air transport equipment sector. Incorporated in 1991, the company reported revenue of DKK 0 in its latest annual filing.

Revenue 2014

0K DKK

EBITDA margin

—

Net profit 2014

-1.2K DKK

-102% vs 2013

Key ratios

See full ratios →

99.2 %

Very strong

Among the 10% highest rated companies in the industry

20122014

0.0×

20122014

-0.3 %

Weak

Among the 40% lowest rated companies in the industry

20122014

EBITDA — year on year

DKK

Key figures

Annual report 2014

Revenue	0K DKK	—
EBITDA	0K DKK	—
Net profit	-1.2K DKK	-102%
Total assets	352.2K DKK	-29%
Equity	349.4K DKK	-22%
Employees	—	—

Contact

Address

Grinden 5, 9490 Pandrup

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2014), MUNINN AVIATION ApS reported revenue of DKK 0. The figures on this page draw on 3 annual filings covering 2012 to 2014. The bottom line showed a net loss of DKK 1.2k.

At the end of 2014, equity financed 99.2% of the balance sheet.

Financials

Revenue

DKK

EBITDA

DKK

Income statement

DKK thousands

Item	2014	2013	2012
Revenue	0	0	0
Staff expenses	-0	-0	-0
EBITDA	0	0	0
Depreciation & amort.	-0	-0	-0
EBIT	0	0	0
Net financials	2	80	26
Profit before tax	2	80	26
Tax	3	1	1
Net profit	-1	79	25

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Balance sheet

DKK thousands

Item	2014	2013	2012
Total assets	352	494	499
Equity	349	446	462
Long-term debt	0	0	0
Short-term debt	0	48	37
Total debt	0	48	37

Financial ratios

5-year trend

EBITDA margin

0.0 %

20122014

Equity ratio

99.2 %

Very strong

Among the 10% highest rated companies in the industry

20122014

Return on equity

-0.3 %

Weak

Among the 30% lowest rated companies in the industry

20122014

Net profit margin

<−999 %

20122014

Asset turnover

0.00×

Very weak

Among the 10% lowest rated companies in the industry

20122014

Debt / equity

0.01×

20122014

Sector performance

16 of 28 ratios graded

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

Profitability

Return on equity (ROE)Weak

Among the 30% 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)Weak

Among the 40% 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)Weak

Among the 30% 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)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.

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 assets to equityStrong

Among the 30% 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 ratioVery weak

Among the 20% lowest rated companies in the industry

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

Current ratioNot rated

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

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 ratioNot rated

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

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 ratioNot rated

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

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

Debt & solvency

Solidity ratioVery strong

Among the 10% 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.

Liabilities to equityVery strong

Among the 10% highest rated companies in the industry

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

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 10% lowest rated companies in the 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.

Debt ratioNot rated

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

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

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.

Income to debtNot rated

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

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

EBITDA to debtNot rated

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

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

Efficiency & development

Asset turnoverVery weak

Among the 10% lowest rated companies in the industry

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

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 equityWeak

Among the 30% 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.

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 2014
Filed via CVR / Virk · Period 2014-01-01 – 2014-12-31
View PDF
Annual report 2013
Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
View PDF
Annual report 2012
Filed via CVR / Virk · Period 2012-01-01 – 2012-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (6)


LN Lars Najbjerg Founder	Founder	1991 – 2016
MM Martin Møller Nielsen Founder	Founder	1991 – 2016
CW Christian Wilhelm Wieder Founder	Founder	1991 – 2016
MR Morten Rydahl Founder	Founder	1991 – 2016
FJ Folke Jensen Founder	Founder	1991 – 2016
NU Niels Ulsø Management	Management	1991 – 2016

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Niels Ulsø	Individual	100%	100%	2005

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 MUNINN AVIATION ApS also hold positions in 8 other companies.

Person	Role here	Other companies
Martin Møller Nielsen	Founder	4 companies
Lars Najbjerg	Founder	2 companies
Christian Wilhelm Wieder	Founder	1 company
Niels Ulsø	Management	1 company

Frequently asked questions

What is the CVR number of MUNINN AVIATION ApS?

MUNINN AVIATION ApS is registered with CVR / Virk under CVR 15811102.

Where is MUNINN AVIATION ApS headquartered?

MUNINN AVIATION ApS's registered address is Grinden 5.