KORNMIL ApS

APSDissolved

CVR 21809438Kratbjerg 308, 3480 FredensborgIkke-finansielle holdingselskaber· NACE 642020Est. 1999 · 27 years old— employees

Overview

KORNMIL ApS is a Danish APS based in Fredensborg, operating in the Ikke-finansielle holdingselskaber sector. Incorporated in 1999, the company reported revenue of DKK 119.7m in its latest annual filing.

Revenue 2014

119.7M DKK

+4% vs 2013

EBITDA margin

5.2 %

+27% vs 2013

Net profit 2014

1.6M DKK

+50% vs 2013

Key ratios

See full ratios →

15.2 %

Very weak

Among the 20% lowest rated companies in the industry

20132014

1.2×

Average

Around the average of companies in the same industry

20132014

1.9 %

Average

Around the average of companies in the same industry

20132014

EBITDA — year on year

DKK thousands

Key figures

Annual report 2014

Revenue	119.7M DKK	+4%
EBITDA	6.3M DKK	+27%
Net profit	1.6M DKK	+50%
Total assets	83M DKK	+12%
Equity	12.6M DKK	+59%
Employees	—	—

Financial development

In its most recent annual report (2014), KORNMIL ApS reported revenue of DKK 119.7m, an increase of 4% on the year before. The figures on this page draw on 2 annual filings covering 2013 to 2014. The bottom line showed a net profit of DKK 1.6m, and the EBITDA margin stood at 5.2%.

At the end of 2014, equity financed 15.2% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Revenue

DKK millions

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2014	2013
Revenue	119,724	114,978
Staff expenses	-14,969	-14,223
EBITDA	6,279	4,954
Depreciation & amort.	-961	-785
EBIT	5,318	4,169
Net financials	-2,527	-2,588
Profit before tax	2,791	1,581
Tax	685	184
Net profit	1,599	1,066

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Balance sheet

DKK thousands

Item	2014	2013
Total assets	82,977	74,361
Equity	12,604	7,931
Long-term debt	28,743	26,034
Short-term debt	36,112	36,342
Total debt	64,855	62,375

Financial ratios

5-year trend

EBITDA margin

5.2 %

20132014

Equity ratio

15.2 %

Very weak

Among the 20% lowest rated companies in the industry

20132014

Return on equity

12.7 %

Strong

Among the 40% highest rated companies in the industry

20132014

Net profit margin

1.3 %

Weak

Among the 30% lowest rated companies in the industry

20132014

Asset turnover

1.44×

Very strong

Among the 10% highest rated companies in the industry

20132014

Debt / equity

5.58×

Very weak

Among the 10% lowest rated companies in the industry

20132014

Sector performance

28 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 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 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)Average

Around the average of companies in the same industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Average

Around the average of companies in the same 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 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 ratioAverage

Around the average of companies in the same 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 ratioWeak

Among the 40% 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 ratioWeak

Among the 30% 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 weak

Among the 10% 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 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 strong

Among the 10% highest rated companies in the industry

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

Debt & solvency

Solidity ratioVery weak

Among the 20% 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 20% 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.

Debt to equityVery weak

Among the 10% 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 equityVery weak

Among the 10% 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 debtAverage

Around the average of companies in the same 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 10% 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 40% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginAverage

Around the average of companies in the same 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 10% highest 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 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 debtAverage

Around the average of companies in the same industry

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

Annual reports & filings

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 (2)


JK Jan Kornelius Pedersen Management	Management	1999 – 2015
LB Lars Bro Milner Management	Management	1999 – 2015

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
KORNELIUS ApS	Company	50–66.65%	50–66.65%	2015
ALGURO HOLDING ApS	Company	33.33–49.99%	33.33–49.99%	2015

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Related companies

Company hierarchy

KORNELIUS ApS50%

ALGURO HOLDING ApS33.33%

KORNMIL ApS (this company)

Board network connections

Board members of KORNMIL ApS also hold positions in 7 other companies.

Person	Role here	Other companies
Jan Kornelius Pedersen	Management	4 companies
Lars Bro Milner	Management	3 companies

Frequently asked questions

What is the CVR number of KORNMIL ApS?

KORNMIL ApS is registered with CVR / Virk under CVR 21809438.

What is the revenue of KORNMIL ApS?

KORNMIL ApS reported revenue of DKK 119.7m in 2014.

Where is KORNMIL ApS headquartered?

KORNMIL ApS's registered address is Kratbjerg 308.