Gits A/S
A/SBankruptCVR 26409411Rugårdsvej 55A, 5000 Odense CEngroshandel med computere, ydre enheder og software· NACE 465100Est. 2002 · 24 years old12 employees
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Overview
Gits A/S is a Danish A/S based in Odense C, operating in the Engroshandel med computere, ydre enheder og software sector. Incorporated in 2002, the company has 12 employees and reported a gross profit of DKK 21.0m in its latest annual filing.
Gross profit 2014
21M DKK
−12% vs 2013
EBITDA margin (of gross profit)
−10.1 %
−214% vs 2013
Net profit 2014
-2.5M DKK
-615% vs 2013
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
18.1 %
WeakAmong the 40% lowest rated companies in the industry
20122014
Liquidity ratioCurrent assets ÷ Short-term debt
0.8×
Very weakAmong the 20% lowest rated companies in the industry
20122014
Return on assets (ROA)Net profit ÷ Total assets × 100
-24.7 %
Very weakAmong the 20% lowest rated companies in the industry
20122014
EBITDA — year on year
DKK thousandsKey figures
Annual report 2014| Gross profit | 21M DKK | -12% |
| EBITDA | -2.1M DKK | -214% |
| Net profit | -2.5M DKK | -615% |
| Total assets | 10.3M DKK | -34% |
| Equity | 1.9M DKK | -58% |
| Employees | 12 | — |
Company information
Legal name
GITS A/S
CVR number
26409411
Legal form
Aktieselskab
NACE code
Founded
1 January 2002 · 24 years
Share capital
DKK 500,000
Employees
12 (FTE)
VAT registered
No
Audit selected
No
Last report
2014-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af den samlede bestyrelse.
Address
Rugårdsvej 55A, 5000 Odense C
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Financial development
In its most recent annual report (2014), Gits A/S reported a gross profit of DKK 21.0m, a decrease of 12% on the year before. The figures on this page draw on 3 annual filings covering 2012 to 2014. The bottom line showed a net loss of DKK 2.5m, and the EBITDA margin stood at -10.1%.
At the end of 2014, equity financed 18.1% of the balance sheet, and current assets covered short-term debt 0.8 times.
Financials
Gross profit
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2014 | 2013 | 2012 |
|---|---|---|---|
| Gross profit | 20,956 | 23,935 | 22,537 |
| Staff expenses | -22,985 | -22,087 | -21,439 |
| EBITDA | -2,112 | 1,849 | 1,098 |
| Depreciation & amort. | -1,102 | -1,164 | -966 |
| EBIT | -3,214 | 685 | 132 |
| Net financials | -19 | -17 | 126 |
| Profit before tax | -3,248 | 510 | 84 |
| Tax | -711 | 18 | 49 |
| Net profit | -2,536 | 492 | 35 |
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Balance sheet
DKK thousands| Item | 2014 | 2013 | 2012 |
|---|---|---|---|
| Total assets | 10,266 | 15,503 | 15,993 |
| Equity | 1,863 | 4,399 | 3,907 |
| Long-term debt | 0 | 0 | 164 |
| Short-term debt | 8,404 | 10,708 | 11,619 |
| Total debt | 8,404 | 10,708 | 11,782 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
-10.1 %
20122014
Equity ratio
18.1 %
WeakAmong the 40% lowest rated companies in the industry
20122014
Return on equity
-136.1 %
Very weakAmong the 10% lowest rated companies in the industry
20122014
Net profit margin (of gross profit)
-12.1 %
20122014
Asset turnover (of gross profit)
2.04×
20122014
Debt / equity
4.51×
Very weakAmong the 20% lowest rated companies in the industry
20122014
Sector performance
23 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Very weak
Among the 10% 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)Very weak
Among the 20% 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 10% 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)Very weak
Among the 20% 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 ratioWeak
Among the 30% 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 ratioAverage
Around the average of companies in the same 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 equityWeak
Among the 30% lowest 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 10% 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 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 40% 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 ratioWeak
Among the 40% 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.
Debt to equityVery weak
Among the 20% lowest 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 weak
Among the 20% lowest 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 coverageVery weak
Among the 10% lowest 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 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 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 equityVery weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 30% 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.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (5)
KB Audit | Audit | 2002 – 2002 |
KØ Management | Management | 2002 – 2002 |
AW Chief Executive Officer | Chief Executive Officer | 2014 – 2016 |
KC Chief Executive Officer | Chief Executive Officer | 2002 – 2014 |
VC Management | Management | 2002 – 2002 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (6)
MD Board of Directors | Board of Directors | 2006 – 2011 |
CT Board of Directors | Board of Directors | 2011 – 2016 |
BJ Chairman | Chairman | 2002 – 2006 |
KC Board of Directors | Board of Directors | 2002 – 2016 |
JN Board of Directors | Board of Directors | 2006 – 2011 |
JK Chairman | Chairman | 2011 – 2016 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 5–9.99% | 5–9.99% | 2003 | |
| Company | 33.33–49.99% | 33.33–49.99% | 2003 | |
| Company | 5–9.99% | 5–9.99% | 2014 | |
| Individual | 5–9.99% | 5–9.99% | 2003 | |
| Company | 33.33–49.99% | 33.33–49.99% | 2003 | |
| Company | 5–9.99% | 5–9.99% | 2014 | |
| Company | 33.33–49.99% | 33.33–49.99% | 2003 |
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
Gits A/S
Gits A/S Board network connections
Board members of Gits A/S also hold positions in 254 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Victor Christoffersen | Management | 206 companiesMany roles |
| Bent Jensen | Chairman | 25 companiesMany roles |
| Claus Tolgaard | Board of Directors | 9 companiesMany roles |
| Jette Nellemose Tolgaard | Board of Directors | 6 companiesMany roles |
| Kurt Christensen | Chief Executive Officer | 3 companies |
| Mette Danielsen | Board of Directors | 2 companies |
| Jørn Kildegaard Andersen | Chairman | 2 companies |
| Karsten Ørneborg Thomsen | Management | 1 company |
Frequently asked questions
What is the CVR number of Gits A/S?
Gits A/S is registered with CVR / Virk under CVR 26409411.
What is the gross profit of Gits A/S?
Gits A/S reported a gross profit of DKK 21.0m in 2014.
How many employees does Gits A/S have?
Gits A/S employs 12 people as of the latest annual report.
Where is Gits A/S headquartered?
Gits A/S's registered address is Rugårdsvej 55A, 1. tv.