ERLING LETH ApS

APSDissolved

CVR 16311936Stærevej 9, 3200 HelsingeAccounting, bookkeeping and auditing activities; tax consultancy· NACE 6920Est. 1992 · 34 years old— employees

Overview

ERLING LETH ApS is a Danish APS based in Helsinge, operating in the Accounting, bookkeeping and auditing activities; tax consultancy sector. Incorporated in 1992, the company reported revenue of DKK 14.5k in its latest annual filing.

Revenue 2015

0M DKK

0% vs 2014

EBITDA margin

77.4 %

+3% vs 2014

Net profit 2015

0.2M DKK

+8% vs 2014

Key ratios

See full ratios →

97.9 %

Very strong

Among the 10% highest rated companies in the industry

20122015

7.3×

Very strong

Among the 20% highest rated companies in the industry

20122015

9.0 %

Very strong

Among the 20% highest rated companies in the industry

20122015

EBITDA — year on year

DKK thousands

Key figures

Annual report 2015

Revenue	0M DKK	0%
EBITDA	0M DKK	+3%
Net profit	0.2M DKK	+8%
Total assets	2.6M DKK	+8%
Equity	2.6M DKK	+10%
Employees	—	—

Financial development

In its most recent annual report (2015), ERLING LETH ApS reported revenue of DKK 14.5k, broadly in line with the year before. The figures on this page draw on 4 annual filings covering 2012 to 2015. The bottom line showed a net profit of DKK 236.4k, and the EBITDA margin stood at 77.4%.

At the end of 2015, equity financed 97.9% of the balance sheet, and current assets covered short-term debt 7.3 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2015	2014	2013	2012
Revenue	15	14	14	28
Staff expenses	-0	-0	-0	-0
EBITDA	11	11	6	23
Depreciation & amort.	-0	-0	-0	-0
EBIT	11	11	6	23
Net financials	298	278	252	271
Profit before tax	309	289	258	295
Tax	73	69	69	29
Net profit	236	219	188	266

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Balance sheet

DKK thousands

Item	2015	2014	2013	2012
Total assets	2,636	2,439	2,330	2,222
Equity	2,580	2,343	2,204	2,096
Long-term debt	1	7	0	0
Short-term debt	55	89	126	126
Total debt	56	96	126	126

Financial ratios

5-year trend

EBITDA margin

77.4 %

20122015

Equity ratio

97.9 %

Very strong

Among the 10% highest rated companies in the industry

20122015

Return on equity

9.2 %

Average

Around the average of companies in the same industry

20122015

Net profit margin

>999 %

Very strong

Among the 10% highest rated companies in the industry

20122015

Asset turnover

0.01×

Very weak

Among the 20% lowest rated companies in the industry

20122015

Debt / equity

0.02×

Very strong

Among the 10% highest rated companies in the industry

20122015

Sector performance

26 of 28 ratios graded

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

Profitability

Gross marginAverage

Around the average of companies in the same industry

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 marginStrong

Among the 40% highest rated companies in the industry

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 marginVery strong

Among the 10% highest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

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)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 40% 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)Weak

Among the 40% lowest rated companies in the industry

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

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 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 ratioVery strong

Among the 20% 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 10% 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 equityAverage

Around the average of companies in the same 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 capitalStrong

Among the 30% 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 weak

Among the 20% lowest rated companies in the industry

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

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.

Debt ratioVery strong

Among the 10% 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 10% 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 10% 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 20% 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 debtVery strong

Among the 20% 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

Asset turnoverVery weak

Among the 20% lowest rated companies in the industry

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

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 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 2015
Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
View PDF
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 (4)


EL Erling Leth Management	Management	1992 – 2017
JF John Friis Christensen Audit	Audit	1992 – 2008
PE Per Emil Hasselbalch Stakemann Management	Management	1992 – 1993
ET Erik Tronborg Andersen Audit	Audit	1992 – 1993

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Erling Leth	Individual	100%	100%	1992

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of ERLING LETH ApS also hold positions in 238 other companies.

Person	Role here	Other companies
Per Emil Hasselbalch Stakemann	Management	236 companiesMany roles
Erik Tronborg Andersen	Audit	2 companies

Frequently asked questions

What is the CVR number of ERLING LETH ApS?

ERLING LETH ApS is registered with CVR / Virk under CVR 16311936.

What is the revenue of ERLING LETH ApS?

ERLING LETH ApS reported revenue of DKK 14.5k in 2015.

Where is ERLING LETH ApS headquartered?

ERLING LETH ApS's registered address is Stærevej 9.