SATS Danmark A/S
A/SActiveCVR 20370599Kanalvej 1, 2800 Kongens LyngbyActivities of fitness centres· NACE 9313Est. 1997 · 29 years old965 employees
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Overview
SATS Danmark A/S is a Danish A/S based in Kongens Lyngby, operating in the Activities of fitness centres sector. Incorporated in 1997, the company has 965 employees and reported revenue of DKK 390.5m in its latest annual filing.
Revenue 2025
390.5M DKK
+8% vs 2024
EBITDA margin
5.1 %
+551% vs 2024
Net profit 2025
-24.5M DKK
+35% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-312.0 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.2×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-16.0 %
WeakAmong the 30% lowest rated companies in the industry
20212025
EBITDA — year on year
DKK millionsKey figures
Annual report 2025| Revenue | 390.5M DKK | +8% |
| EBITDA | 20.1M DKK | +551% |
| Net profit | -24.5M DKK | +35% |
| Total assets | 153.5M DKK | -2% |
| Equity | -478.8M DKK | -5% |
| Employees | 965 | — |
Company information
Legal name
SATS Danmark A/S
CVR number
20370599
Legal form
Aktieselskab
NACE code
Founded
30 June 1997 · 29 years
Share capital
DKK 2,062,000
Employees
965 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem, af to medlemmer af bestyrelsen i forening eller af den samlede bestyrelse i forening.
Company purpose
Selskabets formål er at drive virksomhed indenfor fitness samt hertil relaterede ydelser.
(no translation available)
Address
Kanalvej 1, 2800 Kongens Lyngby
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Financial development
In its most recent annual report (2025), SATS Danmark A/S reported revenue of DKK 390.5m, an increase of 8% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 24.5m, and the EBITDA margin stood at 5.1%.
At the end of 2025, current assets covered short-term debt 0.2 times.
Financials
Revenue
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 390,532 | 362,494 | 347,195 | 297,743 | 246,531 |
| Staff expenses | -139,430 | -131,777 | -116,271 | -100,893 | -87,394 |
| EBITDA | 20,077 | 3,083 | 2,418 | -52,769 | -52,905 |
| Depreciation & amort. | -18,015 | -13,789 | -17,382 | -17,082 | -17,683 |
| EBIT | 2,062 | -10,706 | -14,964 | -69,851 | -70,588 |
| Net financials | -26,543 | -27,067 | -28,638 | -23,583 | -14,731 |
| Profit before tax | -24,482 | -37,773 | -43,602 | -93,434 | -85,320 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -24,482 | -37,773 | -43,602 | -93,434 | -85,320 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 153,464 | 157,287 | 151,559 | 147,036 | 142,037 |
| Equity | -478,834 | -454,352 | -416,579 | -372,977 | -279,543 |
| Long-term debt | 450,000 | 450,000 | 0 | 3,227 | 11,385 |
| Short-term debt | 171,761 | 153,208 | 559,402 | 506,957 | 401,734 |
| Total debt | 621,761 | 603,208 | 559,402 | 510,184 | 413,119 |
Financial ratios
5-year trendEBITDA margin
5.1 %
20212025
Equity ratio
-312.0 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Return on equity
—
20212025
Net profit margin
-6.3 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Asset turnover
2.54×
StrongAmong the 30% highest rated companies in the industry
20212025
Debt / equity
—
20212025
Sector performance
21 of 28 ratios graded28 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 marginAverage
Around the average of companies in the same 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 30% 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 assets (ROA)Weak
Among the 30% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
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.
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.
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.
Liquidity
Current ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 10% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Cash conversion ratioVery weak
Among the 10% lowest 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.
Fixed assets to long-term capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
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 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 debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
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 debtWeak
Among the 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 30% 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 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 turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverWeak
Among the 40% lowest rated companies in the industry
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.
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 debtAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's debt.
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 2025Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
SJ | Founder | 1997 |
OG Founder | Founder | 1997 |
TF Chief Executive Officer | Chief Executive Officer | 2024 |
Former (8)
SK Chief Executive Officer | Chief Executive Officer | 2008 – 2010 |
LS Chief Executive Officer | Chief Executive Officer | 2011 – 2013 |
JH Chief Executive Officer | Chief Executive Officer | 2015 – 2019 |
LL Chief Executive Officer | Chief Executive Officer | 2019 – 2022 |
TB Chief Executive Officer | Chief Executive Officer | 2013 – 2015 |
KT Chief Executive Officer | Chief Executive Officer | 2022 – 2024 |
RE Chief Executive Officer | Chief Executive Officer | 2006 – 2008 |
AH Chief Executive Officer | Chief Executive Officer | 2010 – 2011 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
SG Board of Directors | Board of Directors | 2021 |
CH Chairman | Chairman | 2018 |
TF Board of Directors | Board of Directors | 2024 |
Former (25)
ML Board of Directors | Board of Directors | 2006 – 2006 |
LC Board of Directors | Board of Directors | 2008 – 2009 |
JL Board of Directors | Board of Directors | 2010 – 2011 |
KP Board of Directors | Board of Directors | 2010 – 2018 |
EJ Board of Directors | Board of Directors | 2010 – 2018 |
JH Board of Directors | Board of Directors | 2018 – 2019 |
LL Board of Directors | Board of Directors | 2019 – 2022 |
LR Board of Directors | Board of Directors | 2010 – 2010 |
JS Chairman | Chairman | 2010 – 2010 |
KT Board of Directors | Board of Directors | 2022 – 2024 |
RE Board of Directors | Board of Directors | 2008 – 2008 |
JG Board of Directors | Board of Directors | 2008 – 2009 |
HM Board of Directors | Board of Directors | 2010 – 2018 |
FL Board of Directors | Board of Directors | 2017 – 2018 |
TC Board of Directors | Board of Directors | 2018 – 2021 |
BR Chairman | Chairman | 2015 – 2018 |
DH Chairman | Chairman | 2008 – 2010 |
HM Chairman | Chairman | 2010 – 2013 |
NH Board of Directors | Board of Directors | 2010 – 2018 |
BP Board of Directors | Board of Directors | 2010 – 2018 |
HH Board of Directors | Board of Directors | 2006 – 2009 |
KK Board of Directors | Board of Directors | 2013 – 2017 |
AH Board of Directors | Board of Directors | 2009 – 2010 |
SE Board of Directors | Board of Directors | 2006 – 2009 |
JS Chairman | Chairman | 2013 – 2015 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
SATS Holding AB | Company | 100% | 100% | 2020 |
RUN HOLDING AS | Company | 100% | 100% | 2019 |
| Company | 100% | 100% | 2008 |
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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Company hierarchy
SATS Holding AB
SATS Danmark A/S Board network connections
Board members of SATS Danmark A/S also hold positions in 352 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Bo Rygaard | Chairman | 92 companiesMany roles |
| Søren Elmann Ingerslev | Board of Directors | 43 companiesMany roles |
| Jørgen Lindegaard | Board of Directors | 39 companiesMany roles |
| Erik Jensen Skjærbæk | Board of Directors | 29 companiesMany roles |
| Susan Jeanette Søgaard Hansen | Founder | 23 companiesMany roles |
| Jan Sten Hansen | Chairman | 17 companiesMany roles |
| Ole Graubæk | Founder | 16 companiesMany roles |
| Henrik Møgelmose | Board of Directors | 14 companiesMany roles |
| Karl Peter Korsgaard Sørensen | Board of Directors | 9 companiesMany roles |
| Thomas Bagge Olesen | Chief Executive Officer | 8 companiesMany roles |
| Benny Peter Olsen | Board of Directors | 8 companiesMany roles |
| Jørgen Glistrup | Board of Directors | 7 companiesMany roles |
| Rasmus Elmann Ingerslev | Chief Executive Officer | 6 companiesMany roles |
| Dan Hammer | Chairman | 6 companiesMany roles |
| Michael Lexner | Board of Directors | 5 companies |
| Finn Louis Meyer | Board of Directors | 5 companies |
| Karina Kjær Deacon | Board of Directors | 5 companies |
| Steen Keller | Chief Executive Officer | 4 companies |
| Jakob Hansen | Chief Executive Officer | 3 companies |
| Kim Trier Meyer | Chief Executive Officer | 3 companies |
| Hans Munk Nielsen | Chairman | 3 companies |
| Anders Hørsholt | Chief Executive Officer | 2 companies |
| Leif Christensen | Board of Directors | 2 companies |
| Lotte Reimar | Board of Directors | 1 company |
| Niels-Christian Holmstrøm | Board of Directors | 1 company |
| Hans Henrik Palm | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of SATS Danmark A/S?
SATS Danmark A/S is registered with CVR / Virk under CVR 20370599.
What is the revenue of SATS Danmark A/S?
SATS Danmark A/S reported revenue of DKK 390.5m in 2025.
How many employees does SATS Danmark A/S have?
SATS Danmark A/S employs 965 people as of the latest annual report.
Who is the CEO of SATS Danmark A/S?
Thorbjørn Foldager Milling is the CEO of SATS Danmark A/S, in role since 2024.
Who is the chairman of SATS Danmark A/S?
Cecilie Haugen Elde chairs the board of SATS Danmark A/S, in role since 2018.
Where is SATS Danmark A/S headquartered?
SATS Danmark A/S's registered address is Kanalvej 1.