INNOWARE ApS
APSActiveCVR 26118980Dalgårdsparken 67, 8543 HornsletManufacture of instruments and appliances for measuring, testing and navigation· NACE 2651Est. 2001 · 25 years old1 employees
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Overview
INNOWARE ApS is a Danish APS based in Hornslet, operating in the Manufacture of instruments and appliances for measuring, testing and navigation sector. Incorporated in 2001, the company has 1 employee and reported revenue of DKK 190.6k in its latest annual filing.
Revenue 2025
190.6K DKK
−30% vs 2024
EBITDA margin
−28.3 %
+5% vs 2024
Net profit 2025
-54K DKK
+10% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
76.6 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.5×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-8.5 %
WeakAmong the 30% lowest rated companies in the industry
20212025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Revenue | 190.6K DKK | -30% |
| EBITDA | -54K DKK | +5% |
| Net profit | -54K DKK | +10% |
| Total assets | 638.1K DKK | -2% |
| Equity | 489K DKK | -10% |
| Employees | 1 | — |
Company information
Legal name
INNOWARE ApS
CVR number
26118980
Legal form
Anpartsselskab
Founded
1 January 2001 · 25 years
Share capital
DKK 50,000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Virksomheden tegnes af en direktør alene.
Company purpose
Selskabets formål er produktion og salg af hardware og software og hermed beslægtet virksomhed.
(no translation available)
Address
Dalgårdsparken 67, 8543 Hornslet
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Financial development
In its most recent annual report (2025), INNOWARE ApS reported revenue of DKK 190.6k, a decrease of 30% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 54.0k, and the EBITDA margin stood at -28.3%.
At the end of 2025, equity financed 76.6% of the balance sheet, and current assets covered short-term debt 0.5 times.
Financials
Revenue
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 191 | 274 | 267 | -21 | 105 |
| Staff expenses | -219 | -282 | -148 | -21 | -154 |
| EBITDA | -54 | -57 | 85 | -1 | -49 |
| Depreciation & amort. | -0 | -2 | -4 | -4 | -4 |
| EBIT | -54 | -59 | 81 | -5 | -53 |
| Net financials | 0 | -1 | -5 | 1 | 3 |
| Profit before tax | -54 | -60 | 76 | -4 | -50 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -54 | -60 | 76 | -4 | -50 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 638 | 651 | 754 | 618 | 687 |
| Equity | 489 | 542 | 601 | 526 | 630 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 149 | 109 | 152 | 92 | 57 |
| Total debt | 149 | 109 | 152 | 92 | 57 |
Financial ratios
5-year trendEBITDA margin
-28.3 %
20212025
Equity ratio
76.6 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on equity
-11.0 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Net profit margin
-28.3 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Asset turnover
0.30×
WeakAmong the 30% lowest rated companies in the industry
20212025
Debt / equity
0.31×
StrongAmong the 30% highest rated companies in the industry
20212025
Sector performance
26 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery strong
Among the 10% highest 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 ratioWeak
Among the 30% 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 40% 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 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 ratioVery strong
Among the 20% 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 20% 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 30% 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 30% 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 30% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalAverage
Around the average of companies in the same industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityWeak
Among the 30% lowest rated companies in the 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.
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 2025Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
BE Management | Management | 2004 |
Former (1)
PU Management | Management | 2004 – 2004 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (10)
AS Chairman | Chairman | 2011 – 2014 |
EE Chairman | Chairman | 2014 – 2017 |
BE Board of Directors | Board of Directors | 2001 – 2017 |
HE Board of Directors | Board of Directors | 2005 – 2006 |
JH Board of Directors | Board of Directors | 2014 – 2017 |
JH Chairman | Chairman | 2005 – 2011 |
JK Board of Directors | Board of Directors | 2001 – 2005 |
FV Board of Directors | Board of Directors | 2007 – 2008 |
IU Board of Directors | Board of Directors | 2001 – 2003 |
PU Board of Directors | Board of Directors | 2001 – 2004 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2006 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
One in three Danish companies experiences fraud
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Related companies
Company hierarchy
ARCOM HOLDING ApS
INNOWARE ApS Board network connections
Board members of INNOWARE ApS also hold positions in 12 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jannie Holk Hestbech | Board of Directors | 4 companies |
| Bent Erecius Christensen | Management | 2 companies |
| Jan Kannegaard | Board of Directors | 2 companies |
| Allan Skovgaard | Chairman | 1 company |
| Hans Ernst Hoffmann | Board of Directors | 1 company |
| Jan Harboe Hartov | Chairman | 1 company |
| Ib Ulstrup | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of INNOWARE ApS?
INNOWARE ApS is registered with CVR / Virk under CVR 26118980.
What is the revenue of INNOWARE ApS?
INNOWARE ApS reported revenue of DKK 190.6k in 2025.
How many employees does INNOWARE ApS have?
INNOWARE ApS employs 1 people as of the latest annual report.
Where is INNOWARE ApS headquartered?
INNOWARE ApS's registered address is Dalgårdsparken 67.