PALMAR HOLDING ApS

APSActive

CVR 21383279Rømøvej 2, 9800 HjørringRental and operating of own or leased real estate· NACE 6820Est. 1998 · 27 years old2 employees

Overview

PALMAR HOLDING ApS is a Danish APS based in Hjørring, operating in the Rental and operating of own or leased real estate sector. Incorporated in 1998, the company has 2 employees and reported revenue of DKK 735.1k in its latest annual filing.

Revenue 2025

0.7M DKK

+3% vs 2024

EBITDA margin

27.3 %

+1689% vs 2024

Net profit 2025

-0M DKK

+98% vs 2024

Key ratios

See full ratios →

66.3 %

Strong

Among the 30% highest rated companies in the industry

20212025

0.3×

Weak

Among the 40% lowest rated companies in the industry

20212025

-0.0 %

Weak

Among the 40% lowest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Revenue	0.7M DKK	+3%
EBITDA	0.2M DKK	+1689%
Net profit	-0M DKK	+98%
Total assets	13.2M DKK	-3%
Equity	8.8M DKK	-1%
Employees	2	—

Financial development

In its most recent annual report (2025), PALMAR HOLDING ApS reported revenue of DKK 735.1k, an increase of 3% 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 4.8k, and the EBITDA margin stood at 27.3%.

At the end of 2025, equity financed 66.3% of the balance sheet, and current assets covered short-term debt 0.3 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Revenue	735	715	674	802	595
Staff expenses	-140	-168	-568	-452	-85
EBITDA	200	11	-468	59	-67
Depreciation & amort.	-109	-128	-122	-107	-54
EBIT	91	-117	-590	-48	-121
Net financials	-96	-159	-100	-7	478
Profit before tax	-5	-276	-689	-55	356
Tax	-0	-0	-131	-9	-19
Net profit	-5	-276	-559	-45	376

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	13,242	13,650	14,007	14,488	14,438
Equity	8,775	8,902	9,296	9,969	10,127
Long-term debt	1,892	2,033	2,171	2,310	2,460
Short-term debt	2,575	2,715	2,540	2,079	1,711
Total debt	4,467	4,748	4,711	4,388	4,171

Financial ratios

5-year trend

EBITDA margin

27.3 %

20212025

Equity ratio

66.3 %

Strong

Among the 30% highest rated companies in the industry

20212025

Return on equity

-0.1 %

Weak

Among the 30% lowest rated companies in the industry

20212025

Net profit margin

-0.7 %

Weak

Among the 30% lowest rated companies in the industry

20212025

Asset turnover

0.06×

Average

Around the average of companies in the same industry

20212025

Debt / equity

0.51×

Strong

Among the 30% highest rated companies in the industry

20212025

Sector performance

27 of 28 ratios graded

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

Profitability

Gross marginWeak

Among the 30% lowest 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 30% 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 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 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 ratioWeak

Among the 40% 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 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.

Current assets to equityStrong

Among the 30% highest 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 weak

Among the 10% lowest rated companies in the industry

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

Debt & solvency

Solidity ratioStrong

Among the 30% 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 ratioStrong

Among the 30% 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 equityStrong

Among the 30% 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 equityStrong

Among the 30% 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 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 40% lowest rated companies in the industry

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

Interest coverageWeak

Among the 40% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtWeak

Among the 40% 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.

Efficiency & development

Asset turnoverAverage

Around the average of companies in the same 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 equityWeak

Among the 30% lowest rated companies in the industry

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

One-year change in debtStrong

Among the 30% 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 2025
Filed via CVR / Virk · Period 2024-07-01 – 2025-06-30
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2023-07-01 – 2024-06-30
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-07-01 – 2023-06-30
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-07-01 – 2022-06-30
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-07-01 – 2021-06-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (3)
PK Poul Kristian Skovbo Jørgensen Management	Management	1998
LH Lone Hyttel Founder	Founder	1998
JE Jan Ekmann Hørsel Audit	Audit	2006

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Poul Kristian Skovbo Jørgensen	Individual	50–66.65%	50–66.65%	1998
Lone Hyttel	Individual	50–66.65%	50–66.65%	1998

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of PALMAR HOLDING ApS also hold positions in 8 other companies.

Person	Role here	Other companies
Jan Ekmann Hørsel	Audit	6 companiesMany roles
Poul Kristian Skovbo Jørgensen	Management	1 company
Lone Hyttel	Founder	1 company

Frequently asked questions

What is the CVR number of PALMAR HOLDING ApS?

PALMAR HOLDING ApS is registered with CVR / Virk under CVR 21383279.

What is the revenue of PALMAR HOLDING ApS?

PALMAR HOLDING ApS reported revenue of DKK 735.1k in 2025.

How many employees does PALMAR HOLDING ApS have?

PALMAR HOLDING ApS employs 2 people as of the latest annual report.

Where is PALMAR HOLDING ApS headquartered?

PALMAR HOLDING ApS's registered address is Rømøvej 2.