Electable A/S
A/SBankruptCVR 26522382Silovej 8, 9900 FrederikshavnElectrical installation· NACE 4321Est. 2002 · 24 years old6 employeeshttps://www.electable.dk
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Overview
Electable A/S is a Danish A/S based in Frederikshavn, operating in the Electrical installation sector. Incorporated in 2002, the company has 6 employees and reported a gross profit of DKK 5.3m in its latest annual filing.
Gross profit 2024
5.3M DKK
+187% vs 2023
EBITDA margin (of gross profit)
12.8 %
+112% vs 2023
Net profit 2024
0.4M DKK
+107% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-58.9 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
0.8×
Very weakAmong the 20% lowest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
10.5 %
AverageAround the average of companies in the same industry
20202024
EBITDA — year on year
DKK thousandsKey figures
Annual report 2024| Gross profit | 5.3M DKK | +187% |
| EBITDA | 0.7M DKK | +112% |
| Net profit | 0.4M DKK | +107% |
| Total assets | 4.1M DKK | -59% |
| Equity | -2.4M DKK | +15% |
| Employees | 6 | — |
Company information
Legal name
Electable A/S
CVR number
26522382
Legal form
Aktieselskab
NACE code
4321 · Electrical installation
Founded
19 March 2002 · 24 years
Share capital
DKK 500,000
Employees
6 (FTE)
VAT registered
No
Audit selected
Yes
Last report
2024-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af alle direktørerne i forening eller af alle bestyrelsesmedlemmerne i forening
Company purpose
Selskabets formål er at foretage handel og investering samt drive elinstallation og anden i forbindelse hermed stående virksomhed.
(no translation available)
Contact
Address
Silovej 8, 9900 Frederikshavn
Phone
+45 9679 1000
Email
mail@electable.dk
Website
https://www.electable.dk
Recent events
1 entry- Event
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Financial development
In its most recent annual report (2024), Electable A/S reported a gross profit of DKK 5.3m, an increase of 187% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net profit of DKK 433.1k, and the EBITDA margin stood at 12.8%.
At the end of 2024, current assets covered short-term debt 0.8 times.
Financials
Gross profit
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Gross profit | 5,259 | 1,833 | 13,993 | 16,067 | 16,482 |
| Staff expenses | -4,588 | -6,597 | -9,824 | -8,141 | -13,069 |
| EBITDA | 671 | -5,764 | 4,165 | 7,926 | 3,414 |
| Depreciation & amort. | -54 | -154 | -259 | -279 | -217 |
| EBIT | 617 | -5,918 | 3,906 | 7,646 | 3,197 |
| Net financials | -184 | -242 | -221 | -193 | -91 |
| Profit before tax | 433 | -6,160 | 3,685 | 7,453 | 3,106 |
| Tax | -0 | -201 | 817 | 1,732 | -358 |
| Net profit | 433 | -5,959 | 2,867 | 5,721 | 3,464 |
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Balance sheet
DKK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 4,138 | 10,210 | 10,880 | 23,044 | 21,384 |
| Equity | -2,437 | -2,870 | 3,459 | 8,721 | 6,464 |
| Long-term debt | 453 | 439 | 488 | 605 | 605 |
| Short-term debt | 4,623 | 11,142 | 6,737 | 10,207 | 12,192 |
| Total debt | 5,076 | 11,581 | 7,225 | 10,812 | 12,797 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
12.8 %
20202024
Equity ratio
-58.9 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Return on equity
—
20202024
Net profit margin (of gross profit)
8.2 %
20202024
Asset turnover (of gross profit)
1.27×
20202024
Debt / equity
—
20202024
Sector performance
16 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
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.
Basic earning power (BEP)Strong
Among the 40% 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 ratioAverage
Around the average of companies in the same 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 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.
Cash conversion ratioStrong
Among the 40% highest 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 debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same 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
Equity to contributed capitalVery weak
Among the 10% 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 debtVery strong
Among the 10% 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.
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 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
- Annual report 2020Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
SN Founder | Founder | 2002 |
Former (4)
HS Management | Management | 2021 – 2022 |
MS Chief Executive Officer | Chief Executive Officer | 2022 – 2026 |
MB Management | Management | 2022 – 2026 |
| Audit | 2002 – 2011 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (16)
HS Board of Directors | Board of Directors | 2021 – 2022 |
MS Board of Directors | Board of Directors | 2022 – 2026 |
MC Board of Directors | Board of Directors | 2013 – 2019 |
MB Board of Directors | Board of Directors | 2023 – 2026 |
LS Board of Directors | Board of Directors | 2023 – 2025 |
KH Chairman | Chairman | 2009 – 2019 |
SN Board of Directors | Board of Directors | 2002 – 2021 |
LB Board of Directors | Board of Directors | 2023 – 2025 |
TM Board of Directors | Board of Directors | 2002 – 2013 |
ON Chairman | Chairman | 2002 – 2009 |
PB Board of Directors | Board of Directors | 2002 – 2002 |
AT Board of Directors | Board of Directors | 2009 – 2015 |
PF Board of Directors | Board of Directors | 2019 – 2023 |
OK Chairman | Chairman | 2019 – 2023 |
PL Chairman | Chairman | 2023 – 2024 |
CS Board of Directors | Board of Directors | 2022 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 50–66.65% | 50–66.65% | 2023 | |
| Company | 50–66.65% | 50–66.65% | 2023 | |
| Company | 25–33.32% | 25–33.32% | 2022 | |
| Company | 50–66.65% | 50–66.65% | 2021 |
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Company hierarchy
Mats Invest ApS
Electable A/S (this company)Board network connections
Board members of Electable A/S also hold positions in 81 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Paul Bjerring | Board of Directors | 22 companiesMany roles |
| Ole Neve Nielsen | Chairman | 9 companiesMany roles |
| Michael Saxtoft | Chief Executive Officer | 8 companiesMany roles |
| Morten Chrone | Board of Directors | 8 companiesMany roles |
| Peter Lau Lauritzen | Chairman | 8 companiesMany roles |
| Knud Hansen | Chairman | 7 companiesMany roles |
| Peter Ferlev Jensby | Board of Directors | 5 companies |
| Helle Støckler Jørgensen | Management | 3 companies |
| Camilla Støckler Brassøe | Board of Directors | 3 companies |
| Lise Saxtoft | Board of Directors | 2 companies |
| Torben Mølgaard Andersen | Board of Directors | 2 companies |
| Ole Kongsbak | Chairman | 2 companies |
| Mats Bach Nilsson | Management | 1 company |
| Steen Niels Jørgensen | Founder | 1 company |
Frequently asked questions
What is the CVR number of Electable A/S?
Electable A/S is registered with CVR / Virk under CVR 26522382.
What is the gross profit of Electable A/S?
Electable A/S reported a gross profit of DKK 5.3m in 2024.
How many employees does Electable A/S have?
Electable A/S employs 6 people as of the latest annual report.
Where is Electable A/S headquartered?
Electable A/S's registered address is Silovej 8, 8..