TOVES SMØRREBRØD ApS

APSBankrupt

CVR 21807079Lersø Parkalle 15, 2100 København ØRetail sale of meat and meat products· NACE 4722Est. 1999 · 27 years old1 employees

Overview

TOVES SMØRREBRØD ApS is a Danish APS based in København Ø, operating in the Retail sale of meat and meat products sector. Incorporated in 1999, the company has 1 employee and reported revenue of DKK 106.6k in its latest annual filing.

Revenue 2017

106.6K DKK

−43% vs 2016

EBITDA margin

−11.2 %

−460% vs 2016

Net profit 2017

-11.9K DKK

-461% vs 2016

Key ratios

See full ratios →

64.3 %

Strong

Among the 30% highest rated companies in the industry

20132017

0.4×

Very weak

Among the 20% lowest rated companies in the industry

20132017

-6.8 %

Weak

Among the 30% lowest rated companies in the industry

20132017

EBITDA — year on year

DKK thousands

Key figures

Annual report 2017

Revenue	106.6K DKK	-43%
EBITDA	-11.9K DKK	-460%
Net profit	-11.9K DKK	-461%
Total assets	175.9K DKK	+53%
Equity	113.1K DKK	+29%
Employees	1	—

Financial development

In its most recent annual report (2017), TOVES SMØRREBRØD ApS reported revenue of DKK 106.6k, a decrease of 43% on the year before. The figures on this page draw on 5 annual filings covering 2013 to 2017. The bottom line showed a net loss of DKK 11.9k, and the EBITDA margin stood at -11.2%.

At the end of 2017, equity financed 64.3% of the balance sheet, and current assets covered short-term debt 0.4 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2017	2016	2015	2014	2013
Revenue	107	186	219	169	189
Staff expenses	-23	-150	-169	-96	-132
EBITDA	-12	3	50	22	4
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	-12	3	50	22	4
Net financials	-0	0	-46	0	0
Profit before tax	-12	3	4	22	4
Tax	-0	-0	-0	-0	-0
Net profit	-12	3	4	22	4

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Balance sheet

DKK thousands

Item	2017	2016	2015	2014	2013
Total assets	176	115	118	118	110
Equity	113	88	96	92	70
Long-term debt	0	0	0	0	0
Short-term debt	63	27	23	26	40
Total debt	63	27	23	26	40

Financial ratios

5-year trend

EBITDA margin

-11.2 %

20132017

Equity ratio

64.3 %

Strong

Among the 30% highest rated companies in the industry

20132017

Return on equity

-10.6 %

Very weak

Among the 20% lowest rated companies in the industry

20132017

Net profit margin

-11.2 %

Very weak

Among the 20% lowest rated companies in the industry

20132017

Asset turnover

0.61×

Weak

Among the 40% lowest rated companies in the industry

20132017

Debt / equity

0.56×

Strong

Among the 40% highest rated companies in the industry

20132017

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 40% 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 marginVery weak

Among the 20% 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 marginVery weak

Among the 20% 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)Very weak

Among the 20% 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 30% 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)Very weak

Among the 20% 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 30% 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 ratioVery weak

Among the 20% 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 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 10% 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.

Current assets to equityVery strong

Among the 10% 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 capitalVery weak

Among the 10% 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 ratioWeak

Among the 40% 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 40% 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 40% 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 weak

Among the 20% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery weak

Among the 20% lowest rated companies in the industry

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

Interest rate on debtVery strong

Among the 10% highest 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.

Interest coverageNot rated

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

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

Efficiency & development

Asset turnoverWeak

Among the 40% lowest rated companies in the industry

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

Inventory turnoverStrong

Among the 40% highest 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 capitalWeak

Among the 30% 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 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 weak

Among the 10% lowest rated companies in the industry

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

Annual reports & filings

Annual report 2017
Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
View PDF
Annual report 2015
Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
View PDF
Annual report 2014
Filed via CVR / Virk · Period 2014-01-01 – 2014-12-31
View PDF
Annual report 2013
Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


VA Villy Andersen Management	Management	1999 – 2017
BI Birger Iacobsen Audit	Audit	1999 – 2006
NG Niels Guldbrandsen Chief Executive Officer	Chief Executive Officer	2017 – 2019

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Villy Andersen	Individual	100%	100%	1999
Niels Guldbrandsen	Individual	100%	100%	2017

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of TOVES SMØRREBRØD ApS also hold positions in 1 other company.

Person	Role here	Other companies
Birger Iacobsen	Audit	1 company

Frequently asked questions

What is the CVR number of TOVES SMØRREBRØD ApS?

TOVES SMØRREBRØD ApS is registered with CVR / Virk under CVR 21807079.

What is the revenue of TOVES SMØRREBRØD ApS?

TOVES SMØRREBRØD ApS reported revenue of DKK 106.6k in 2017.

How many employees does TOVES SMØRREBRØD ApS have?

TOVES SMØRREBRØD ApS employs 1 people as of the latest annual report.

Where is TOVES SMØRREBRØD ApS headquartered?

TOVES SMØRREBRØD ApS's registered address is Lersø Parkalle 15.