BELIEVEIT ApS

APSBankrupt

CVR 19829677Sorøvej 48, 4291 Ruds VedbyComputerprogrammering· NACE 620100Est. 1996 · 30 years old2-4 employees

Overview

BELIEVEIT ApS is a Danish APS based in Ruds Vedby, operating in the Computerprogrammering sector. Incorporated in 1996, the company reported revenue of DKK 2.2m in its latest annual filing.

Revenue 2015

2.2M DKK

+10% vs 2014

EBITDA margin

−6.9 %

−157% vs 2014

Net profit 2015

-0.1M DKK

-134% vs 2014

Key ratios

See full ratios →

46.0 %

Average

Around the average of companies in the same industry

20122015

2.0×

Average

Around the average of companies in the same industry

20122015

-4.8 %

Weak

Among the 40% lowest rated companies in the industry

20122015

EBITDA — year on year

DKK thousands

Key figures

Annual report 2015

Revenue	2.2M DKK	+10%
EBITDA	-0.2M DKK	-157%
Net profit	-0.1M DKK	-134%
Total assets	1.5M DKK	+5%
Equity	0.7M DKK	-20%
Employees	—	—

Financial development

In its most recent annual report (2015), BELIEVEIT ApS reported revenue of DKK 2.2m, an increase of 10% on the year before. The figures on this page draw on 4 annual filings covering 2012 to 2015. The bottom line showed a net loss of DKK 72.9k, and the EBITDA margin stood at -6.9%.

At the end of 2015, equity financed 46% of the balance sheet, and current assets covered short-term debt 2 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2015	2014	2013	2012
Revenue	2,164	1,976	2,119	2,019
Staff expenses	-0	-0	-1,445	-0
EBITDA	-150	264	245	112
Depreciation & amort.	-0	-0	-0	-0
EBIT	-150	264	245	112
Net financials	51	35	45	51
Profit before tax	-99	298	291	162
Tax	-26	86	80	45
Net profit	-73	212	211	117

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Balance sheet

DKK thousands

Item	2015	2014	2013	2012
Total assets	1,529	1,459	1,245	1,006
Equity	704	875	858	744
Long-term debt	119	167	0	0
Short-term debt	706	417	387	262
Total debt	825	584	387	262

Financial ratios

5-year trend

EBITDA margin

-6.9 %

20122015

Equity ratio

46.0 %

Average

Around the average of companies in the same industry

20122015

Return on equity

-10.4 %

Weak

Among the 30% lowest rated companies in the industry

20122015

Net profit margin

-3.4 %

Weak

Among the 40% lowest rated companies in the industry

20122015

Asset turnover

1.42×

Strong

Among the 40% highest rated companies in the industry

20122015

Debt / equity

1.17×

Weak

Among the 40% lowest rated companies in the industry

20122015

Sector performance

27 of 28 ratios graded

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

Profitability

Gross marginVery strong

Among the 10% highest rated companies in the 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 marginWeak

Among the 40% lowest 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 marginWeak

Among the 40% lowest 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)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)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 ratioWeak

Among the 40% lowest 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.

Liquidity

Current ratioAverage

Around the average of companies in the same 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 40% 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 weak

Among the 10% 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 equityWeak

Among the 40% 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 ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioAverage

Around the average of companies in the same industry

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

Debt to equityWeak

Among the 40% 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 equityWeak

Among the 40% 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 debtWeak

Among the 40% lowest rated companies in the industry

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

EBITDA to debtWeak

Among the 30% lowest rated companies in the industry

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

Interest coverageWeak

Among the 30% 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 marginWeak

Among the 40% 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

Asset turnoverStrong

Among the 40% highest rated companies in the industry

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

Equity to contributed capitalStrong

Among the 40% 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 equityWeak

Among the 40% 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 30% lowest 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 2014-04-01 – 2015-03-31
View PDF
Annual report 2014
Filed via CVR / Virk · Period 2013-04-01 – 2014-03-31
View PDF
Annual report 2013
Filed via CVR / Virk · Period 2012-04-01 – 2013-03-31
View PDF
Annual report 2012
Filed via CVR / Virk · Period 2011-04-01 – 2012-03-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


EK Erling Karmal Næs Audit	Audit	1996 – 1998
BL Bodil Liisberg Bagh Audit	Audit	1998 – 2009
SL Sven-Erik Larsen Management	Management	1996 – 2015

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Sven-Erik Larsen	Individual	100%	100%	1996

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 BELIEVEIT ApS also hold positions in 1 other company.

Person	Role here	Other companies
Bodil Liisberg Bagh	Audit	1 company

Frequently asked questions

What is the CVR number of BELIEVEIT ApS?

BELIEVEIT ApS is registered with CVR / Virk under CVR 19829677.

What is the revenue of BELIEVEIT ApS?

BELIEVEIT ApS reported revenue of DKK 2.2m in 2015.

Where is BELIEVEIT ApS headquartered?

BELIEVEIT ApS's registered address is Sorøvej 48.