Vitacars A/S

A/SIn liquidation

CVR 26123690Ingemannsvej 6A, 4200 SlagelseEngroshandel med personbiler, varebiler og minibusser· NACE 451110Est. 2001 · 25 years old— employees

Overview

Vitacars A/S is a Danish A/S based in Slagelse, operating in the Engroshandel med personbiler, varebiler og minibusser sector. Incorporated in 2001, the company reported a gross profit of -DKK 305.5k in its latest annual filing.

Gross profit 2021

-0.3M DKK

+43% vs 2020

EBITDA margin (of gross profit)

100.0 %

−43% vs 2020

Net profit 2021

0.8M DKK

+279% vs 2020

Key ratios

See full ratios →

98.0 %

Very strong

Among the 10% highest rated companies in the industry

20172021

0.7×

Very weak

Among the 20% lowest rated companies in the industry

20172021

5.3 %

Average

Around the average of companies in the same industry

20172021

EBITDA — year on year

DKK thousands

Key figures

Annual report 2021

Gross profit	-0.3M DKK	+43%
EBITDA	-0.3M DKK	-43%
Net profit	0.8M DKK	+279%
Total assets	15.5M DKK	+7%
Equity	15.1M DKK	+6%
Employees	—	—

Financial development

In its most recent annual report (2021), Vitacars A/S reported a gross profit of -DKK 305.5k. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net profit of DKK 822.8k.

At the end of 2021, equity financed 98% of the balance sheet, and current assets covered short-term debt 0.7 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2021	2020	2019	2018	2017
Gross profit	-306	-213	-1,465	-182	-443
Staff expenses	-0	-0	-0	-0	-0
EBITDA	-306	-213	-1,465	-182	-443
Depreciation & amort.	-28	-25	-21	-45	-82
EBIT	-333	-238	-1,486	-227	-525
Net financials	1,156	455	1,145	-289	625
Profit before tax	823	217	-341	-517	101
Tax	-0	-0	1	-0	22
Net profit	823	217	-341	-517	79

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Balance sheet

DKK thousands

Item	2021	2020	2019	2018	2017
Total assets	15,454	14,454	14,244	14,616	15,275
Equity	15,139	14,316	14,100	14,549	15,171
Long-term debt	0	0	0	0	0
Short-term debt	314	138	144	67	103
Total debt	314	138	144	67	103

Financial ratios

5-year trend

EBITDA margin (of gross profit)

<−999 %

20172021

Equity ratio

98.0 %

Very strong

Among the 10% highest rated companies in the industry

20172021

Return on equity

5.4 %

Average

Around the average of companies in the same industry

20172021

Net profit margin (of gross profit)

>999 %

20172021

Asset turnover (of gross profit)

-0.02×

20172021

Debt / equity

0.02×

Very strong

Among the 10% highest rated companies in the industry

20172021

Sector performance

23 of 28 ratios graded

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

Profitability

Return on equity (ROE)Average

Around the average of companies in the same 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)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.

Capacity ratioVery weak

Among the 10% 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.

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.

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 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 ratioStrong

Among the 40% highest 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 debtVery strong

Among the 10% highest rated companies in the industry

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

EBITDA to debtVery weak

Among the 10% 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 debtVery weak

Among the 10% 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 20% 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.

Efficiency & development

Equity to contributed capitalVery strong

Among the 20% 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 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.

Annual reports & filings

Annual report 2021
Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
View PDF
Annual report 2020
Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
View PDF
Annual report 2017
Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


HM Henning Meyer Management	Management	2001 – 2019
MM Maria-Therese Meyer Thetmark Management	Management	2019 – 2021
JR John Reimer Larsen Liquidator	Liquidator	2021 – 2022

Board of directors

Non-executive oversight

Name	Role	Member since

Former (6)


HM Henning Meyer Board of Directors	Board of Directors	2001 – 2019
MM Maria-Therese Meyer Thetmark Board of Directors	Board of Directors	2010 – 2021
HM Hanne Meyer Board of Directors	Board of Directors	2001 – 2019
PM Peter Meyer Board of Directors	Board of Directors	2001 – 2010
KM Kirtha Marie Thetmark Chairman	Chairman	2020 – 2021
SM Sven Mortensen Board of Directors	Board of Directors	2020 – 2021

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Henning Meyer	Individual	100%	100%	2001
Maria-Therese Meyer Thetmark	Individual	100%	100%	2020

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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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Vitacars A/S also hold positions in 25 other companies.

Person	Role here	Other companies
John Reimer Larsen	Liquidator	21 companiesMany roles
Sven Mortensen	Board of Directors	2 companies
Maria-Therese Meyer Thetmark	Management	1 company
Kirtha Marie Thetmark	Chairman	1 company

Frequently asked questions

What is the CVR number of Vitacars A/S?

Vitacars A/S is registered with CVR / Virk under CVR 26123690.

What is the gross profit of Vitacars A/S?

Vitacars A/S reported a gross profit of -DKK 305.5k in 2021.

Where is Vitacars A/S headquartered?

Vitacars A/S's registered address is Ingemannsvej 6A, st. tv.