Co-Sinus A/S

A/SIn liquidation

CVR 20397373Frichsvej 21, 8600 SilkeborgComputerprogrammering· NACE 620100Est. 1997 · 28 years old— employees

Overview

Co-Sinus A/S is a Danish A/S based in Silkeborg, operating in the Computerprogrammering sector. Incorporated in 1997, the company reported a gross profit of DKK 2.7m in its latest annual filing.

Gross profit 2014

2.7M DKK

−61% vs 2013

EBITDA margin (of gross profit)

177.9 %

+398% vs 2013

Net profit 2014

2.9M DKK

+1050% vs 2013

Key ratios

See full ratios →

49.1 %

Average

Around the average of companies in the same industry

20122014

2.0×

Strong

Among the 40% highest rated companies in the industry

20122014

424.5 %

Very strong

Among the 10% highest rated companies in the industry

20122014

EBITDA — year on year

DKK thousands

Key figures

Annual report 2014

Gross profit	2.7M DKK	-61%
EBITDA	4.7M DKK	+398%
Net profit	2.9M DKK	+1050%
Total assets	0.7M DKK	-93%
Equity	0.3M DKK	-91%
Employees	—	—

Financial development

In its most recent annual report (2014), Co-Sinus A/S reported a gross profit of DKK 2.7m, a decrease of 61% on the year before. The figures on this page draw on 3 annual filings covering 2012 to 2014. The bottom line showed a net profit of DKK 2.9m, and the EBITDA margin stood at 177.9%.

At the end of 2014, equity financed 49.1% of the balance sheet, and current assets covered short-term debt 2 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2014	2013	2012
Gross profit	2,665	6,884	9,366
Staff expenses	-3,880	-8,474	-8,498
EBITDA	4,740	-1,590	868
Depreciation & amort.	2,978	-30	-37
EBIT	1,762	-1,620	831
Net financials	1,649	1,462	1,196
Profit before tax	3,411	-157	2,026
Tax	490	-412	196
Net profit	2,921	254	1,831

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Balance sheet

DKK thousands

Item	2014	2013	2012
Total assets	688	9,300	8,621
Equity	338	3,917	4,263
Long-term debt	0	0	0
Short-term debt	350	5,110	4,209
Total debt	350	5,110	4,209

Financial ratios

5-year trend

EBITDA margin (of gross profit)

177.9 %

20122014

Equity ratio

49.1 %

Average

Around the average of companies in the same industry

20122014

Return on equity

864.1 %

Very strong

Among the 10% highest rated companies in the industry

20122014

Net profit margin (of gross profit)

109.6 %

20122014

Asset turnover (of gross profit)

3.87×

20122014

Debt / equity

1.04×

Weak

Among the 40% lowest rated companies in the industry

20122014

Sector performance

23 of 28 ratios graded

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

Profitability

Return on equity (ROE)Very strong

Among the 10% highest 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)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.

Return on net assets (RONA)Very strong

Among the 10% 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)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.

Capacity ratioVery strong

Among the 10% highest 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.

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.

Liquidity

Current ratioStrong

Among the 40% 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 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 ratioStrong

Among the 40% 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 equityWeak

Among the 30% 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 capitalVery strong

Among the 10% 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 20% 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 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 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 20% 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.

Efficiency & development

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 equityVery weak

Among the 10% 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.

Asset turnoverNot rated

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

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

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 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 (5)


BK Børge Kirkegaard Pedersen Management	Management	1997 – 2001
TE Tage Engelbrecht Svendsen Liquidator	Liquidator	2014 – 2015
ML Michael Langvad Chief Executive Officer	Chief Executive Officer	2011 – 2014
EE Eskild Eskildsen Lauritsen Audit	Audit	1999 – 1999
KV Klavs Vestergaard Christensen Management	Management	1997 – 2011

Board of directors

Non-executive oversight

Name	Role	Member since

Former (6)


TM Tomas Malling Board of Directors	Board of Directors	2005 – 2007
BK Børge Kirkegaard Pedersen Board of Directors	Board of Directors	2001 – 2013
ML Michael Langvad Board of Directors	Board of Directors	2001 – 2014
KT Karsten Thorsen Board of Directors	Board of Directors	2007 – 2011
KV Klavs Vestergaard Christensen Board of Directors	Board of Directors	2001 – 2014
NO Niels Otto Andersen Chairman	Chairman	2013 – 2014

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 Co-Sinus A/S also hold positions in 35 other companies.

Person	Role here	Other companies
Tage Engelbrecht Svendsen	Liquidator	9 companiesMany roles
Tomas Malling	Board of Directors	6 companiesMany roles
Eskild Eskildsen Lauritsen	Audit	5 companies
Klavs Vestergaard Christensen	Management	5 companies
Børge Kirkegaard Pedersen	Management	4 companies
Niels Otto Andersen	Chairman	4 companies
Michael Langvad	Chief Executive Officer	2 companies

Frequently asked questions

What is the CVR number of Co-Sinus A/S?

Co-Sinus A/S is registered with CVR / Virk under CVR 20397373.

What is the gross profit of Co-Sinus A/S?

Co-Sinus A/S reported a gross profit of DKK 2.7m in 2014.

Where is Co-Sinus A/S headquartered?

Co-Sinus A/S's registered address is Frichsvej 21.