EXPANSION HOLDING ApS

APSDissolved

CVR 26444675Grankogle Alle 8, 2670 GreveComputer programming activities· NACE 6210Est. 2002 · 24 years old— employees

Overview

EXPANSION HOLDING ApS is a Danish APS based in Greve, operating in the Computer programming activities sector. Incorporated in 2002, the company reported a gross profit of -DKK 10.3k in its latest annual filing.

Gross profit 2025

-10.3K DKK

+4% vs 2024

EBITDA margin (of gross profit)

100.0 %

−4% vs 2024

Net profit 2025

140.5K DKK

+2341500% vs 2024

Key ratios

See full ratios →

76.2 %

Strong

Among the 40% highest rated companies in the industry

20212025

4.2×

Strong

Among the 30% highest rated companies in the industry

20212025

76.2 %

Very strong

Among the 10% highest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	-10.3K DKK	+4%
EBITDA	-10.3K DKK	-4%
Net profit	140.5K DKK	+2341500%
Total assets	184.3K DKK	+1734%
Equity	140.5K DKK	+286727%
Employees	—	—

Financial development

In its most recent annual report (2025), EXPANSION HOLDING ApS reported a gross profit of -DKK 10.3k. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 140.5k.

At the end of 2025, equity financed 76.2% of the balance sheet, and current assets covered short-term debt 4.2 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	-10	-10	-10	-10	—
Staff expenses	-0	-0	-0	-0	-0
EBITDA	-10	-10	-10	-10	-9
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	-10	-10	-10	-10	-9
Net financials	148	10	-59	-96	11
Profit before tax	138	0	-68	-106	2
Tax	-3	-0	-0	-0	-1
Net profit	140	0	-68	-106	4

Get a credit rating – not just the numbers

Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.

See the credit rating

Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	184	10	10	90	211
Equity	141	0	0	68	174
Long-term debt	0	0	0	0	0
Short-term debt	44	10	10	22	37
Total debt	44	10	10	22	37

Financial ratios

5-year trend

EBITDA margin (of gross profit)

<−999 %

20212025

Equity ratio

76.2 %

Strong

Among the 40% highest rated companies in the industry

20212025

Return on equity

100.0 %

Very strong

Among the 10% highest rated companies in the industry

20212025

Net profit margin (of gross profit)

>999 %

20212025

Asset turnover (of gross profit)

-0.06×

20212025

Debt / equity

0.31×

Strong

Among the 40% highest rated companies in the industry

20212025

Sector performance

21 of 28 ratios graded

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

Profitability

Return on equity (ROE)Very strong

Among the 10% highest 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 strong

Among the 10% highest 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 strong

Among the 10% highest 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 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.

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.

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 ratioStrong

Among the 30% highest 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 ratioStrong

Among the 30% highest 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.

Current assets to equityAverage

Around the average of companies in the same 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 strong

Among the 10% highest 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 ratioStrong

Among the 40% 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 ratioStrong

Among the 30% 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 40% 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 40% 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 debtWeak

Among the 30% 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 marginVery strong

Among the 10% highest 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

Equity to contributed capitalWeak

Among the 40% 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 equityVery strong

Among the 10% highest rated companies in the 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 2025
Filed via CVR / Virk · Period 2024-05-01 – 2025-04-30
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2023-05-01 – 2024-04-30
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-05-01 – 2023-04-30
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-05-01 – 2022-04-30
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-05-01 – 2021-04-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


OM Olav Munksgaard Management	Management	2002 – 2026
JP Jacob Palmqvist Management	Management	2002 – 2002
JM Jens Max Haugbyrd Audit	Audit	2002 – 2010

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Olav Munksgaard	Individual	100%	100%	2002

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

Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.

See the fraud module

Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of EXPANSION HOLDING ApS also hold positions in 4 other companies.

Person	Role here	Other companies
Jacob Palmqvist	Management	2 companies
Jens Max Haugbyrd	Audit	2 companies

Frequently asked questions

What is the CVR number of EXPANSION HOLDING ApS?

EXPANSION HOLDING ApS is registered with CVR / Virk under CVR 26444675.

What is the gross profit of EXPANSION HOLDING ApS?

EXPANSION HOLDING ApS reported a gross profit of -DKK 10.3k in 2025.

Where is EXPANSION HOLDING ApS headquartered?

EXPANSION HOLDING ApS's registered address is Grankogle Alle 8.