TIME OUT HOLDING ApS

APSDissolved

CVR 26993156Frederikkevej 7, 2900 HellerupIkke-finansielle holdingselskaber· NACE 642020Est. 2003 · 22 years old— employees

Overview

TIME OUT HOLDING ApS is a Danish APS based in Hellerup, operating in the Ikke-finansielle holdingselskaber sector. Incorporated in 2003, the company reported revenue of DKK 249.5k in its latest annual filing.

Revenue 2015

0.2M DKK

−50% vs 2014

EBITDA margin

85.1 %

−54% vs 2014

Net profit 2015

0.6M DKK

+19% vs 2014

Key ratios

See full ratios →

95.5 %

Strong

Among the 40% highest rated companies in the industry

20122015

2.7×

Average

Around the average of companies in the same industry

20122015

6.4 %

Strong

Among the 40% highest rated companies in the industry

20122015

EBITDA — year on year

DKK thousands

Key figures

Annual report 2015

Revenue	0.2M DKK	-50%
EBITDA	0.2M DKK	-54%
Net profit	0.6M DKK	+19%
Total assets	8.8M DKK	+137%
Equity	8.4M DKK	+172%
Employees	—	—

Financial development

In its most recent annual report (2015), TIME OUT HOLDING ApS reported revenue of DKK 249.5k, a decrease of 50% on the year before. The figures on this page draw on 4 annual filings covering 2012 to 2015. The bottom line showed a net profit of DKK 568.2k, and the EBITDA margin stood at 85.1%.

At the end of 2015, equity financed 95.5% of the balance sheet, and current assets covered short-term debt 2.7 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2015	2014	2013	2012
Revenue	250	495	-34	-35
Staff expenses	-0	-0	-0	-0
EBITDA	212	464	-34	-35
Depreciation & amort.	-0	-0	-0	-0
EBIT	212	464	-34	-35
Net financials	411	133	54	162
Profit before tax	623	597	20	127
Tax	55	119	-11	-4
Net profit	568	478	31	132

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Balance sheet

DKK thousands

Item	2015	2014	2013	2012
Total assets	8,845	3,735	3,072	3,463
Equity	8,446	3,110	3,019	3,374
Long-term debt	0	0	0	0
Short-term debt	398	625	54	89
Total debt	398	625	54	89

Financial ratios

5-year trend

EBITDA margin

85.1 %

20122015

Equity ratio

95.5 %

Strong

Among the 40% highest rated companies in the industry

20122015

Return on equity

6.7 %

Average

Around the average of companies in the same industry

20122015

Net profit margin

227.7 %

Strong

Among the 30% highest rated companies in the industry

20122015

Asset turnover

0.03×

Very strong

Among the 10% highest rated companies in the industry

20122015

Debt / equity

0.05×

Strong

Among the 40% highest rated companies in the industry

20122015

Sector performance

26 of 28 ratios graded

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

Profitability

Gross marginStrong

Among the 30% highest rated companies in the 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 marginStrong

Among the 30% highest 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 marginStrong

Among the 30% highest 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)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)Strong

Among the 40% 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)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)Very strong

Among the 10% 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 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 ratioAverage

Around the average of companies in the same 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 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 equityStrong

Among the 30% 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 capitalAverage

Around the average of companies in the same 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 ratioStrong

Among the 30% highest 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 40% 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 equityAverage

Around the average of companies in the same industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtStrong

Among the 40% highest rated companies in the industry

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

EBITDA to debtVery strong

Among the 10% highest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery strong

Among the 10% highest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtWeak

Among the 30% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginStrong

Among the 40% 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.

Efficiency & development

Asset turnoverVery strong

Among the 10% highest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalStrong

Among the 30% 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 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 strong

Among the 20% highest 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 2015
Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
View PDF
Annual report 2014
Filed via CVR / Virk · Period 2014-01-01 – 2014-12-31
View PDF
Annual report 2013
Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
View PDF
Annual report 2012
Filed via CVR / Virk · Period 2012-01-01 – 2012-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (5)


PI Peter Ingemann Hansen Management	Management	2003 – 2016
WJ Wili Jønsson Founder	Founder	2003 – 2016
SB Søren Berlev Founder	Founder	2003 – 2016
TG Tommy Georg Bogs Founder	Founder	2003 – 2016
FB Franz Beckerlee Founder	Founder	2003 – 2016

Board of directors

Non-executive oversight

Name	Role	Member since

Former (5)


KM Kim Mellius Larsen Board of Directors	Board of Directors	2003 – 2008
WJ Wili Jønsson Board of Directors	Board of Directors	2003 – 2016
SB Søren Berlev Chairman	Chairman	2003 – 2016
TG Tommy Georg Bogs Board of Directors	Board of Directors	2003 – 2016
FB Franz Beckerlee Board of Directors	Board of Directors	2003 – 2016

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Wili Jønsson	Individual	25–33.32%	25–33.32%	2003
Søren Berlev	Individual	25–33.32%	25–33.32%	2003
Tommy Georg Bogs	Individual	25–33.32%	25–33.32%	2003
Franz Beckerlee	Individual	25–33.32%	25–33.32%	2003

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of TIME OUT HOLDING ApS also hold positions in 16 other companies.

Person	Role here	Other companies
Peter Ingemann Hansen	Management	5 companies
Franz Beckerlee	Founder	4 companies
Wili Jønsson	Founder	3 companies
Søren Berlev	Founder	2 companies
Tommy Georg Bogs	Founder	2 companies

Frequently asked questions

What is the CVR number of TIME OUT HOLDING ApS?

TIME OUT HOLDING ApS is registered with CVR / Virk under CVR 26993156.

What is the revenue of TIME OUT HOLDING ApS?

TIME OUT HOLDING ApS reported revenue of DKK 249.5k in 2015.

Where is TIME OUT HOLDING ApS headquartered?

TIME OUT HOLDING ApS's registered address is Frederikkevej 7.