ESSEX DEVELOPMENT ApS

APSDissolved

CVR 20031131Skovvejen 11, 8000 Aarhus CRental and operating of own or leased real estate· NACE 6820Est. 1997 · 29 years old— employees

Overview

ESSEX DEVELOPMENT ApS is a Danish APS based in Aarhus C, operating in the Rental and operating of own or leased real estate sector. Incorporated in 1997, the company reported revenue of DKK 2.2m in its latest annual filing.

Revenue 2013

2.2M DKK

−62% vs 2012

EBITDA margin

1,822.3 %

+178% vs 2012

Net profit 2013

28.2M DKK

+373% vs 2012

Key ratios

See full ratios →

-201.0 %

Very weak

Among the 10% lowest rated companies in the industry

20122013

13.4×

Average

Around the average of companies in the same industry

20122013

401.8 %

Very strong

Among the 10% highest rated companies in the industry

20122013

EBITDA — year on year

DKK millions

Key figures

Annual report 2013

Revenue	2.2M DKK	-62%
EBITDA	40M DKK	+178%
Net profit	28.2M DKK	+373%
Total assets	7M DKK	-92%
Equity	-14.1M DKK	+67%
Employees	—	—

Financial development

In its most recent annual report (2013), ESSEX DEVELOPMENT ApS reported revenue of DKK 2.2m, a decrease of 62% on the year before. The figures on this page draw on 2 annual filings covering 2012 to 2013. The bottom line showed a net profit of DKK 28.2m, and the EBITDA margin stood at 1,822.3%.

At the end of 2013, current assets covered short-term debt 13.4 times.

Financials

Revenue

DKK thousands

EBITDA

DKK millions

Income statement

DKK thousands

Item	2013	2012
Revenue	2,195	5,805
Staff expenses	-0	-0
EBITDA	40,000	14,372
Depreciation & amort.	-0	-0
EBIT	40,000	14,372
Net financials	-2,413	-6,592
Profit before tax	37,587	7,780
Tax	9,397	1,821
Net profit	28,190	5,959

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Balance sheet

DKK thousands

Item	2013	2012
Total assets	7,016	92,304
Equity	-14,099	-42,289
Long-term debt	20,623	121,103
Short-term debt	492	13,490
Total debt	21,115	134,593

Financial ratios

5-year trend

EBITDA margin

>999 %

20122013

Equity ratio

-201.0 %

Very weak

Among the 10% lowest rated companies in the industry

20122013

Return on equity

—

20122013

Net profit margin

>999 %

Very strong

Among the 10% highest rated companies in the industry

20122013

Asset turnover

0.31×

Very strong

Among the 10% highest rated companies in the industry

20122013

Debt / equity

—

20122013

Sector performance

20 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 marginVery strong

Among the 10% 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 assets (ROA)Very strong

Among the 10% highest rated companies in the industry

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

Basic earning power (BEP)Very strong

Among the 10% highest rated companies in the industry

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

Return on equity (ROE)Not rated

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

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

Return on net assets (RONA)Not rated

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

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

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 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 ratioAverage

Around the average of companies in the same 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.

Fixed assets to long-term capitalStrong

Among the 40% 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 strong

Among the 10% highest rated companies in the industry

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

Current assets to equityNot rated

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

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.

Debt & solvency

Solidity ratioVery weak

Among the 10% 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 ratioVery weak

Among the 10% 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.

Income to debtStrong

Among the 40% 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 10% 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 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 strong

Among the 10% 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.

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.

Liabilities to equityNot rated

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

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

Efficiency & development

Asset turnoverVery strong

Among the 10% highest rated companies in the industry

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

Equity to contributed capitalVery weak

Among the 10% 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 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.

One-year change in equityNot rated

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

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

Annual reports & filings

Annual report 2013
Filed via CVR / Virk · Period 2012-10-01 – 2013-09-30
View PDF
Annual report 2012
Filed via CVR / Virk · Period 2011-10-01 – 2012-09-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (6)


PS Poul Steffensen Chief Executive Officer	Chief Executive Officer	2007 – 2009
NJ Nis Jørn Bennetzen Audit	Audit	1997 – 1998
SR Stig Richard Granholm Mortensen Management	Management	1997 – 1999
PH Peter Halvorsen Management	Management	2007 – 2009
VC Victor Christoffersen Management	Management	1997 – 1998
OB Ole Brogaard Blenstrup Management	Management	2007 – 2010

Board of directors

Non-executive oversight

Name	Role	Member since

Former (7)


GH Gerda Halvorsen Jensen Chairman	Chairman	2006 – 2009
AØ Anne-Katrine Østergaard Halvorsen Board of Directors	Board of Directors	2008 – 2009
PS Poul Steffensen Deputy Chairman	Deputy Chairman	2009 – 2010
SR Stig Richard Granholm Mortensen Chairman	Chairman	2005 – 2006
PH Peter Halvorsen Chairman	Chairman	2009 – 2010
HB Henning Bering Jensen Board of Directors	Board of Directors	2006 – 2008
OB Ole Brogaard Blenstrup Board of Directors	Board of Directors	2009 – 2010

Shareholders

Active legal owners

No shareholder data available.

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of ESSEX DEVELOPMENT ApS also hold positions in 260 other companies.

Person	Role here	Other companies
Victor Christoffersen	Management	206 companiesMany roles
Poul Steffensen	Chief Executive Officer	48 companiesMany roles
Nis Jørn Bennetzen	Audit	4 companies
Peter Halvorsen	Management	1 company
Anne-Katrine Østergaard Halvorsen	Board of Directors	1 company

Frequently asked questions

What is the CVR number of ESSEX DEVELOPMENT ApS?

ESSEX DEVELOPMENT ApS is registered with CVR / Virk under CVR 20031131.

What is the revenue of ESSEX DEVELOPMENT ApS?

ESSEX DEVELOPMENT ApS reported revenue of DKK 2.2m in 2013.

Where is ESSEX DEVELOPMENT ApS headquartered?

ESSEX DEVELOPMENT ApS's registered address is Skovvejen 11.