SØVANG ApS

APSDissolved

CVR 25522621Søvang 10, 4490 Jerslev SjællandRental and leasing of other machinery, equipment and tangible goods n.e.c.· NACE 7739Est. 2000 · 26 years old— employees

Overview

SØVANG ApS is a Danish APS based in Jerslev Sjælland, operating in the Rental and leasing of other machinery, equipment and tangible goods n.e.c. sector. Incorporated in 2000, the company reported a gross profit of DKK 35.5k in its latest annual filing.

Gross profit 2020

35.5K DKK

+2% vs 2019

EBITDA margin (of gross profit)

100.0 %

+2% vs 2019

Net profit 2020

-217.4K DKK

-2857% vs 2019

Key ratios

See full ratios →

<−999 %

20162020

0.0×

Very weak

Among the 10% lowest rated companies in the industry

20162020

<−999 %

20162020

EBITDA — year on year

DKK thousands

Key figures

Annual report 2020

Gross profit	35.5K DKK	+2%
EBITDA	35.5K DKK	+2%
Net profit	-217.4K DKK	-2857%
Total assets	0K DKK	-100%
Equity	-224.7K DKK	-2975%
Employees	—	—

Financial development

In its most recent annual report (2020), SØVANG ApS reported a gross profit of DKK 35.5k, an increase of 2% on the year before. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net loss of DKK 217.4k, and the EBITDA margin stood at 100%.

At the end of 2020, current assets covered short-term debt 0 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2020	2019	2018	2017	2016
Revenue	35	35	37	34	54
Staff expenses	-0	-0	-0	-0	-0
EBITDA	35	35	37	34	-37
Depreciation & amort.	-0	-11	-11	-16	-17
EBIT	35	23	25	18	-54
Net financials	-241	-6	-316	-11	21
Profit before tax	-205	18	-290	8	-34
Tax	12	10	9	7	4
Net profit	-217	8	-299	1	-38

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Balance sheet

DKK thousands

Item	2020	2019	2018	2017	2016
Total assets	0	28	12	310	309
Equity	-225	-7	-15	284	283
Long-term debt	0	0	0	0	0
Short-term debt	225	35	27	25	22
Total debt	225	35	27	25	22

Financial ratios

5-year trend

EBITDA margin

100.0 %

20162020

Equity ratio

<−999 %

20162020

Return on equity

—

20162020

Net profit margin

-612.4 %

20162020

Asset turnover

>999×

20162020

Debt / equity

—

20162020

Sector performance

11 of 28 ratios graded

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

Profitability

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.

Return on equity (ROE)Not rated

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

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Not rated

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

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

Return on net assets (RONA)Not rated

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

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)Not rated

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

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

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 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.

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.

Current assets to equityNot rated

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

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 capitalNot rated

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

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.

Debt & solvency

Income to debtVery weak

Among the 10% lowest rated companies in the industry

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

EBITDA to debtAverage

Around the average of companies in the same 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 marginVery weak

Among the 10% 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.

Solidity ratioNot rated

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

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioNot rated

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

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityNot rated

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

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityNot rated

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

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Efficiency & development

Equity to contributed capitalVery weak

Among the 20% 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 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.

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.

One-year change in equityNot rated

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

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

Annual reports & filings

Annual report 2020
Filed via CVR / Virk · Period 2019-07-01 – 2020-06-30
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2018-07-01 – 2019-06-30
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2017-07-01 – 2018-06-30
View PDF
Annual report 2017
Filed via CVR / Virk · Period 2016-07-01 – 2017-06-30
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2015-07-01 – 2016-06-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


KG Kristen Gylling Geert Olsen Management	Management	2000 – 2008
BG Børge Geert Olsen Management	Management	2008 – 2008
CF Charlotte Funkholm Løvendorf Management	Management	2008 – 2021

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Charlotte Funkholm Løvendorf	Individual	100%	100%	2008

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of SØVANG ApS also hold positions in 3 other companies.

Person	Role here	Other companies
Kristen Gylling Geert Olsen	Management	2 companies
Charlotte Funkholm Løvendorf	Management	1 company

Frequently asked questions

What is the CVR number of SØVANG ApS?

SØVANG ApS is registered with CVR / Virk under CVR 25522621.

What is the gross profit of SØVANG ApS?

SØVANG ApS reported a gross profit of DKK 35.5k in 2020.

Where is SØVANG ApS headquartered?

SØVANG ApS's registered address is Søvang 10.