FIRST REVISION ApS

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CVR 26937787Pilestræde 10, 1112 København KAccounting, bookkeeping and auditing activities; tax consultancy· NACE 6920Est. 2002 · 23 years old1 employees

Overview

FIRST REVISION ApS is a Danish APS based in København K, operating in the Accounting, bookkeeping and auditing activities; tax consultancy sector. Incorporated in 2002, the company has 1 employee and reported revenue of DKK 111.1k in its latest annual filing.

Revenue 2025

111.1K DKK

−11% vs 2024

EBITDA margin

−164.2 %

−103% vs 2024

Net profit 2025

-157.6K DKK

-191% vs 2024

Key ratios

See full ratios →

90.1 %

Very strong

Among the 20% highest rated companies in the industry

20212025

10.1×

Very strong

Among the 20% highest rated companies in the industry

20212025

-29.5 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Revenue	111.1K DKK	-11%
EBITDA	-182.5K DKK	-103%
Net profit	-157.6K DKK	-191%
Total assets	534K DKK	-22%
Equity	481.1K DKK	-26%
Employees	1	—

Contact

Address

Pilestræde 10, 1112 København K

Phone

+45 2725 1500

marianne@firstrevision.dk

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2025), FIRST REVISION ApS reported revenue of DKK 111.1k, a decrease of 11% 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 157.6k, and the EBITDA margin stood at -164.2%.

At the end of 2025, equity financed 90.1% of the balance sheet, and current assets covered short-term debt 10.1 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Revenue	111	125	130	134	132
Staff expenses	-244	-187	-165	-129	-129
EBITDA	-182	-90	-60	-20	-20
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	-182	-90	-60	-20	-20
Net financials	25	36	62	38	50
Profit before tax	-158	-54	2	18	30
Tax	-0	-0	1	4	7
Net profit	-158	-54	1	14	23

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	534	687	740	736	778
Equity	481	649	713	711	698
Long-term debt	0	0	0	0	0
Short-term debt	53	38	28	24	81
Total debt	53	38	28	24	81

Financial ratios

5-year trend

EBITDA margin

-164.2 %

20212025

Equity ratio

90.1 %

Very strong

Among the 20% highest rated companies in the industry

20212025

Return on equity

-32.8 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

Net profit margin

-141.8 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

Asset turnover

0.21×

Average

Around the average of companies in the same industry

20212025

Debt / equity

0.11×

Strong

Among the 30% highest rated companies in the industry

20212025

Sector performance

27 of 28 ratios graded

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

Profitability

Gross marginAverage

Around the average of companies in the same 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 10% 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 10% 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)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 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)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 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 strong

Among the 20% 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 ratioVery strong

Among the 20% 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 strong

Among the 20% 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 equityStrong

Among the 40% 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 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 ratioAverage

Around the average of companies in the same 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 10% 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 10% 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 20% 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 20% 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

Asset turnoverAverage

Around the average of companies in the same 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 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
MT Marianne Thomsen Management	Management	2002

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Marianne Thomsen	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.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of FIRST REVISION ApS hold no positions in other companies.

Frequently asked questions

What is the CVR number of FIRST REVISION ApS?

FIRST REVISION ApS is registered with CVR / Virk under CVR 26937787.

What is the revenue of FIRST REVISION ApS?

FIRST REVISION ApS reported revenue of DKK 111.1k in 2025.

How many employees does FIRST REVISION ApS have?

FIRST REVISION ApS employs 1 people as of the latest annual report.

Where is FIRST REVISION ApS headquartered?

FIRST REVISION ApS's registered address is Pilestræde 10.