Pandora Int. ApS
APSActiveCVR 21410276Havneholmen 17-19, 1561 København VWholesale of watches and jewellery· NACE 4648Est. 1998 · 28 years old54 employees
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Overview
Pandora Int. ApS is a Danish APS based in København V, operating in the Wholesale of watches and jewellery sector. Incorporated in 1998, the company has 54 employees and reported revenue of DKK 202.6m in its latest annual filing.
Revenue 2025
202.6M DKK
+5% vs 2024
EBITDA margin
6.6 %
+22% vs 2024
Net profit 2025
9.7M DKK
-17% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
71.8 %
StrongAmong the 30% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
4.4×
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
16.5 %
Very strongAmong the 20% highest rated companies in the industry
20212025
EBITDA — year on year
DKK millionsKey figures
Annual report 2025| Revenue | 202.6M DKK | +5% |
| EBITDA | 13.5M DKK | +22% |
| Net profit | 9.7M DKK | -17% |
| Total assets | 59M DKK | -13% |
| Equity | 42.3M DKK | +30% |
| Employees | 54 | — |
Company information
Legal name
Pandora Int. ApS
CVR number
21410276
Legal form
Anpartsselskab
NACE code
Founded
1 October 1998 · 28 years
Share capital
DKK 2,364,410
Employees
54 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør
Company purpose
Selskabets formål er at drive virksomhed med investering, finansiering, industri, handel m.v.
(no translation available)
Address
Havneholmen 17-19, 1561 København V
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Financial development
In its most recent annual report (2025), Pandora Int. ApS reported revenue of DKK 202.6m, an increase of 5% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 9.7m, and the EBITDA margin stood at 6.6%.
At the end of 2025, equity financed 71.8% of the balance sheet, and current assets covered short-term debt 4.4 times.
Financials
Revenue
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 202,621 | 193,558 | 156,706 | 171,036 | 184,468 |
| Staff expenses | -13,347 | -12,674 | -11,573 | -8,092 | -7,342 |
| EBITDA | 13,473 | 11,046 | 7,898 | 8,209 | 8,223 |
| Depreciation & amort. | -3,459 | -1,603 | -541 | -369 | -2,774 |
| EBIT | 10,014 | 9,443 | 7,357 | 7,840 | 5,449 |
| Net financials | -274 | 1,662 | 1,998 | 317 | -76 |
| Profit before tax | 9,740 | 11,105 | 9,355 | 8,157 | 5,373 |
| Tax | -0 | -628 | -545 | 89 | -1,000 |
| Net profit | 9,740 | 11,733 | 9,900 | 8,068 | 6,373 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 58,998 | 67,934 | 46,051 | 39,112 | 45,091 |
| Equity | 42,332 | 32,592 | 20,859 | 20,959 | 12,891 |
| Long-term debt | 5,728 | 5,728 | 5,592 | 5,826 | 1,251 |
| Short-term debt | 10,069 | 28,061 | 17,918 | 12,327 | 30,949 |
| Total debt | 15,797 | 33,789 | 23,510 | 18,153 | 32,200 |
Financial ratios
5-year trendEBITDA margin
6.6 %
20212025
Equity ratio
71.8 %
StrongAmong the 30% highest rated companies in the industry
20212025
Return on equity
23.0 %
StrongAmong the 40% highest rated companies in the industry
20212025
Net profit margin
4.8 %
StrongAmong the 30% highest rated companies in the industry
20212025
Asset turnover
3.43×
Very strongAmong the 20% highest rated companies in the industry
20212025
Debt / equity
0.39×
StrongAmong the 30% highest rated companies in the industry
20212025
Sector performance
28 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 marginStrong
Among the 40% 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 marginStrong
Among the 30% 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 equity (ROE)Strong
Among the 40% 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 20% 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)Strong
Among the 40% 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)Strong
Among the 30% 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 ratioStrong
Among the 30% 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.
Liquidity
Current ratioVery strong
Among the 20% 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 ratioVery strong
Among the 20% 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 ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery strong
Among the 20% 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 ratioStrong
Among the 40% highest 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 ratioVery strong
Among the 20% 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 debtVery strong
Among the 20% 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 20% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 40% highest 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 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 30% 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
Asset turnoverVery strong
Among the 20% 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 capitalStrong
Among the 30% 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 equityVery strong
Among the 20% highest 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.
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) | ||
AB Management | Management | 2018 |
BD Management | Management | 2026 |
PR Management | Management | 2023 |
Former (12)
AL Chief Executive Officer | Chief Executive Officer | 2013 – 2015 |
AL Management | Management | 2019 – 2025 |
HH Management | Management | 2009 – 2014 |
DL Management | Management | 2017 – 2020 |
SL Management | Management | 2006 – 2009 |
LH Management | Management | 2012 – 2017 |
PM Management | Management | 2014 – 2018 |
FN Chief Executive Officer | Chief Executive Officer | 2004 – 2006 |
AC Chief Executive Officer | Chief Executive Officer | 2015 – 2018 |
BG Chief Executive Officer | Chief Executive Officer | 2012 – 2013 |
PA Management | Management | 1998 – 1999 |
MG Management | Management | 2020 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (12)
Gv Board of Directors | Board of Directors | 2000 – 2002 |
AH Board of Directors | Board of Directors | 1998 – 1999 |
LA Deputy Chairman | Deputy Chairman | 2004 – 2006 |
SL Board of Directors | Board of Directors | 2006 – 2009 |
KA Board of Directors | Board of Directors | 2004 – 2006 |
CM Board of Directors | Board of Directors | 2004 – 2006 |
Gv Deputy Chairman | Deputy Chairman | 2004 – 2004 |
PC Chairman | Chairman | 1999 – 2009 |
PA Board of Directors | Board of Directors | 1998 – 1999 |
JH Board of Directors | Board of Directors | 2004 – 2006 |
KM Chairman | Chairman | 1998 – 1999 |
NV Board of Directors | Board of Directors | 2006 – 2009 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2005 |
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
Pandora A/S
Pandora Int. ApS Board network connections
Board members of Pandora Int. ApS also hold positions in 168 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Nikolaj Vejlsgaard | Board of Directors | 41 companiesMany roles |
| Henrik Holmark | Management | 22 companiesMany roles |
| Anders Colding Friis | Chief Executive Officer | 21 companiesMany roles |
| Flemming Nyenstad Enevoldsen | Chief Executive Officer | 13 companiesMany roles |
| Søren Lindberg | Management | 12 companiesMany roles |
| Kim Madsen | Chairman | 12 companiesMany roles |
| Anders Boyer-Søgaard | Management | 9 companiesMany roles |
| Peter Andreas Stakemann | Management | 9 companiesMany roles |
| Povl Christian Lütken Frigast | Chairman | 9 companiesMany roles |
| Peter Mareno Vekslund | Management | 5 companies |
| Christian Majgaard Nielsen | Board of Directors | 5 companies |
| Peter Ring | Management | 3 companies |
| Alexander Lacik | Management | 2 companies |
| Lars Henrik Jensen | Management | 2 companies |
| Berta De Pablos Alvarez | Management | 2 companies |
| Martino Giuseppe Mauro Pessina | Management | 1 company |
Frequently asked questions
What is the CVR number of Pandora Int. ApS?
Pandora Int. ApS is registered with CVR / Virk under CVR 21410276.
What is the revenue of Pandora Int. ApS?
Pandora Int. ApS reported revenue of DKK 202.6m in 2025.
How many employees does Pandora Int. ApS have?
Pandora Int. ApS employs 54 people as of the latest annual report.
Where is Pandora Int. ApS headquartered?
Pandora Int. ApS's registered address is Havneholmen 17-19.