Norvigroup A/S
A/SDissolvedCVR 25194772Pantonevej 1, 6580 VamdrupFremstilling af boligtekstiler· NACE 139210Est. 2000 · 26 years old— employees
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Overview
Norvigroup A/S is a Danish A/S based in Vamdrup, operating in the Fremstilling af boligtekstiler sector. Incorporated in 2000, the company reported a gross profit of -DKK 195.0k in its latest annual filing.
Gross profit 2019
-0.2M DKK
+149% vs 2018
EBITDA margin (of gross profit)
100.0 %
−149% vs 2018
Net profit 2019
0.8M DKK
-83% vs 2018
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
90.9 %
Very strongAmong the 10% highest rated companies in the industry
20152019
Liquidity ratioCurrent assets ÷ Short-term debt
0.3×
Very weakAmong the 10% lowest rated companies in the industry
20152019
Return on assets (ROA)Net profit ÷ Total assets × 100
2.5 %
AverageAround the average of companies in the same industry
20152019
EBITDA — year on year
DKK thousandsKey figures
Annual report 2019| Gross profit | -0.2M DKK | +149% |
| EBITDA | -0.2M DKK | -149% |
| Net profit | 0.8M DKK | -83% |
| Total assets | 31.8M DKK | +7% |
| Equity | 28.9M DKK | +7% |
| Employees | — | — |
Company information
Legal name
NORVIGROUP A/S
CVR number
25194772
Legal form
Aktieselskab
NACE code
139210 · Fremstilling af boligtekstiler
Founded
1 February 2000 · 26 years
Share capital
DKK 2,000,000
Employees
—
VAT registered
No
Audit selected
No
Last report
2019-04-30
Financial year
January – December
Signatory rights
Selskabet tegnes af bestyrelsesformanden eller bestyrelsesnæstformanden sammen med en direktør, eller af den samlede bestyrelse.
Address
Pantonevej 1, 6580 Vamdrup
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Financial development
In its most recent annual report (2019), Norvigroup A/S reported a gross profit of -DKK 195.0k. The figures on this page draw on 5 annual filings covering 2015 to 2019. The bottom line showed a net profit of DKK 798.6k.
At the end of 2019, equity financed 90.9% of the balance sheet, and current assets covered short-term debt 0.3 times.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Gross profit | -195 | -78 | -100 | — | -46 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | -195 | -78 | -100 | 4,509 | -46 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -195 | -78 | -100 | 4,509 | -46 |
| Net financials | 960 | 4,785 | 7,024 | 0 | 535 |
| Profit before tax | 765 | 4,706 | 6,924 | 4,509 | 489 |
| Tax | -33 | -53 | -52 | -0 | 11 |
| Net profit | 799 | 4,759 | 6,976 | 4,509 | 479 |
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Balance sheet
DKK thousands| Item | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Total assets | 31,813 | 29,803 | 32,338 | 22,832 | 25,117 |
| Equity | 28,926 | 26,935 | 25,435 | 2,000 | 12,521 |
| Long-term debt | 50 | 48 | 809 | 0 | 0 |
| Short-term debt | 2,836 | 2,345 | 5,112 | 0 | 11,009 |
| Total debt | 2,887 | 2,393 | 5,920 | 0 | 11,009 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
<−999 %
20152019
Equity ratio
90.9 %
Very strongAmong the 10% highest rated companies in the industry
20152019
Return on equity
2.8 %
WeakAmong the 40% lowest rated companies in the industry
20152019
Net profit margin (of gross profit)
>999 %
20152019
Asset turnover (of gross profit)
-0.01×
20152019
Debt / equity
0.10×
Very strongAmong the 10% highest rated companies in the industry
20152019
Sector performance
22 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Weak
Among the 40% 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)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)Weak
Among the 40% 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.
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.
Capacity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 10% 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 20% 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 20% 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 20% 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 ratioVery strong
Among the 10% 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 10% 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 equityVery strong
Among the 10% 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 equityVery strong
Among the 10% 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 debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 30% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% 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 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
Equity to contributed capitalStrong
Among the 40% 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 equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 30% lowest 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 2019Filed via CVR / Virk · Period 2018-05-01 – 2019-04-30
- Annual report 2018Filed via CVR / Virk · Period 2017-05-01 – 2018-04-30
- Annual report 2017Filed via CVR / Virk · Period 2016-05-01 – 2017-04-30
- Annual report 2016Filed via CVR / Virk · Period 2015-05-01 – 2016-04-30
- Annual report 2015Filed via CVR / Virk · Period 2015-01-01 – 2015-04-30
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (4)
KB Audit | Audit | 2000 – 2000 |
HE Management | Management | 2000 – 2013 |
VC Management | Management | 2000 – 2000 |
HS Chief Executive Officer | Chief Executive Officer | 2013 – 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (13)
TL Board of Directors | Board of Directors | 2000 – 2008 |
HE Board of Directors | Board of Directors | 2000 – 2019 |
CF Chairman | Chairman | 2020 – 2020 |
RT Board of Directors | Board of Directors | 2000 – 2008 |
HM Board of Directors | Board of Directors | 2000 – 2000 |
TL Deputy Chairman | Deputy Chairman | 2020 – 2020 |
FN Chairman | Chairman | 2018 – 2020 |
SL Board of Directors | Board of Directors | 2019 – 2020 |
VC Board of Directors | Board of Directors | 2000 – 2000 |
SL Board of Directors | Board of Directors | 2000 – 2016 |
SB Board of Directors | Board of Directors | 2000 – 2000 |
SL Board of Directors | Board of Directors | 2008 – 2011 |
LN Chairman | Chairman | 2015 – 2018 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 10–14.99% | 10–14.99% | 2015 | |
NordicForm Holding AS | Company | 50–66.65% | 50–66.65% | 2016 |
| Individual | 10–14.99% | 10–14.99% | 2015 | |
| Company | 100% | 100% | 2019 | |
| Company | 20–24.99% | 20–24.99% | 2018 |
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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Company hierarchy
NordicForm Holding AS
Norvigroup A/S (this company)Board network connections
Board members of Norvigroup A/S also hold positions in 332 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Victor Christoffersen | Management | 206 companiesMany roles |
| Sebastian Benjamin Bahn Christoffersen | Board of Directors | 48 companiesMany roles |
| Carsten Friis | Chairman | 32 companiesMany roles |
| Helen Mimi Janniche | Board of Directors | 18 companiesMany roles |
| Flemming Nyenstad Enevoldsen | Chairman | 13 companiesMany roles |
| Henrik Sommer Sørensen | Chief Executive Officer | 6 companiesMany roles |
| Hans Erik Schmidt | Management | 3 companies |
| Stein Lie | Board of Directors | 3 companies |
| Trond Lie | Deputy Chairman | 1 company |
| Søren Løgstrup | Board of Directors | 1 company |
| Lars Netterstrøm | Chairman | 1 company |
Frequently asked questions
What is the CVR number of Norvigroup A/S?
Norvigroup A/S is registered with CVR / Virk under CVR 25194772.
What is the gross profit of Norvigroup A/S?
Norvigroup A/S reported a gross profit of -DKK 195.0k in 2019.
Where is Norvigroup A/S headquartered?
Norvigroup A/S's registered address is Pantonevej 1.