SALT-CON ApS

APSBankrupt

CVR 25951921Havdigevej 22, 6700 EsbjergInvesteringsselskaber· NACE 643030Est. 2001 · 25 years old2 employees

Overview

SALT-CON ApS is a Danish APS based in Esbjerg, operating in the Investeringsselskaber sector. Incorporated in 2001, the company has 2 employees and reported a gross profit of DKK 933.4k in its latest annual filing.

Gross profit 2017

0.9M DKK

−159% vs 2016

EBITDA margin (of gross profit)

24.9 %

+111% vs 2016

Net profit 2017

-0.5M DKK

+78% vs 2016

Key ratios

See full ratios →

-43.8 %

Very weak

Among the 10% lowest rated companies in the industry

20132017

0.6×

Weak

Among the 40% lowest rated companies in the industry

20132017

-3.1 %

Weak

Among the 30% lowest rated companies in the industry

20132017

EBITDA — year on year

DKK thousands

Key figures

Annual report 2017

Gross profit	0.9M DKK	-159%
EBITDA	0.2M DKK	+111%
Net profit	-0.5M DKK	+78%
Total assets	16.8M DKK	-6%
Equity	-7.4M DKK	-8%
Employees	2	—

Financial development

In its most recent annual report (2017), SALT-CON ApS reported a gross profit of DKK 933.4k. The figures on this page draw on 5 annual filings covering 2013 to 2017. The bottom line showed a net loss of DKK 517.5k, and the EBITDA margin stood at 24.9%.

At the end of 2017, current assets covered short-term debt 0.6 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2017	2016	2015	2014	2013
Gross profit	933	-1,587	-5	251	239
Staff expenses	-684	-627	-829	-826	-712
EBITDA	233	-2,214	-834	-574	-473
Depreciation & amort.	-38	-10	-10	-10	-14
EBIT	195	-2,224	-844	-584	-487
Net financials	-712	-84	-221	549	-1,652
Profit before tax	-517	-2,309	-1,065	-35	-2,139
Tax	-0	-0	-0	-0	-0
Net profit	-517	-2,309	-1,065	-35	-2,139

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Balance sheet

DKK thousands

Item	2017	2016	2015	2014	2013
Total assets	16,845	18,013	19,231	19,511	19,667
Equity	-7,381	-6,864	-4,551	-3,487	-3,451
Long-term debt	0	0	0	0	0
Short-term debt	24,226	24,877	23,018	22,998	23,119
Total debt	24,226	24,877	23,018	22,998	23,119

Financial ratios

5-year trend

EBITDA margin (of gross profit)

24.9 %

20132017

Equity ratio

-43.8 %

Very weak

Among the 10% lowest rated companies in the industry

20132017

Return on equity

—

20132017

Net profit margin (of gross profit)

-55.4 %

20132017

Asset turnover (of gross profit)

0.06×

20132017

Debt / equity

—

20132017

Sector performance

15 of 28 ratios graded

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

Profitability

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.

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.

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 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.

Liquidity

Current ratioWeak

Among the 40% 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 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.

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

Solidity ratioVery weak

Among the 10% 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 10% 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.

Income to debtWeak

Among the 40% lowest 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 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 debtStrong

Among the 30% 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 40% 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.

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

One-year change in debtStrong

Among the 40% highest 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.

Equity to contributed capitalNot rated

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

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

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 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 (4)


SB Sten Brian Jørgensen Management	Management	2003 – 2019
MP Mathias Peder Attermann Brinch Audit	Audit	2017 – 2019
KA Knud Ahm Management	Management	2001 – 2001
KM Kurt Matthiesen Management	Management	2001 – 2003

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Sten Brian Jørgensen	Individual	100%	100%	2001

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of SALT-CON ApS also hold positions in 6 other companies.

Person	Role here	Other companies
Knud Ahm	Management	5 companies
Mathias Peder Attermann Brinch	Audit	1 company

Frequently asked questions

What is the CVR number of SALT-CON ApS?

SALT-CON ApS is registered with CVR / Virk under CVR 25951921.

What is the gross profit of SALT-CON ApS?

SALT-CON ApS reported a gross profit of DKK 933.4k in 2017.

How many employees does SALT-CON ApS have?

SALT-CON ApS employs 2 people as of the latest annual report.

Where is SALT-CON ApS headquartered?

SALT-CON ApS's registered address is Havdigevej 22, 1..