Multiple Card Systems A/S
A/SActiveCVR 27408745Valnæsvej 1, 4700 NæstvedRepair and maintenance of computers and communication equipment· NACE 9510Est. 2003 · 22 years old16 employees
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Overview
Multiple Card Systems A/S is a Danish A/S based in Næstved, operating in the Repair and maintenance of computers and communication equipment sector. Incorporated in 2003, the company has 16 employees and reported a gross profit of DKK 8.0m in its latest annual filing.
Gross profit 2026
8M DKK
−40% vs 2025
EBITDA margin (of gross profit)
22.2 %
−47% vs 2025
Net profit 2026
2.3M DKK
-31% vs 2025
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
79.5 %
Very strongAmong the 20% highest rated companies in the industry
20222026
Liquidity ratioCurrent assets ÷ Short-term debt
5.0×
Very strongAmong the 10% highest rated companies in the industry
20222026
Return on assets (ROA)Net profit ÷ Total assets × 100
6.3 %
AverageAround the average of companies in the same industry
20222026
EBITDA — year on year
DKK thousandsKey figures
Annual report 2026| Gross profit | 8M DKK | -40% |
| EBITDA | 1.8M DKK | -47% |
| Net profit | 2.3M DKK | -31% |
| Total assets | 36.4M DKK | +12% |
| Equity | 28.9M DKK | +9% |
| Employees | 16 | — |
Company information
Legal name
MULTIPLE CARD SYSTEMS A/S
CVR number
27408745
Legal form
Aktieselskab
NACE code
Founded
23 October 2003 · 22 years
Share capital
DKK 2,000,000
Employees
16 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2026-03-31
Financial year
January – December
Signatory rights
Selskabet tegnes af 2 bestyrelsesmedlemmer i forening eller den samlede bestyrelse
Company purpose
Selskabets formål er at drive produktion, handel og dermed forbunden virksomhed
(no translation available)
Contact
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Financial development
In its most recent annual report (2026), Multiple Card Systems A/S reported a gross profit of DKK 8.0m, a decrease of 40% on the year before. The figures on this page draw on 5 annual filings covering 2022 to 2026. The bottom line showed a net profit of DKK 2.3m, and the EBITDA margin stood at 22.2%.
At the end of 2026, equity financed 79.5% of the balance sheet, and current assets covered short-term debt 5 times.
Financials
Gross profit
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Gross profit | 7,986 | 13,235 | 14,565 | 13,561 | 12,339 |
| Staff expenses | -6,209 | -9,886 | -10,110 | -9,232 | -8,449 |
| EBITDA | 1,777 | 3,348 | 4,455 | 4,329 | 3,890 |
| Depreciation & amort. | -168 | -139 | -110 | -86 | -130 |
| EBIT | 1,609 | 3,209 | 4,345 | 4,244 | 3,760 |
| Net financials | 1,316 | 1,052 | 629 | -121 | 2 |
| Profit before tax | 2,925 | 4,261 | 4,974 | 4,123 | 3,762 |
| Tax | 646 | 940 | 1,101 | 930 | 832 |
| Net profit | 2,279 | 3,322 | 3,873 | 3,193 | 2,930 |
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Balance sheet
DKK thousands| Item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total assets | 36,362 | 32,366 | 27,713 | 25,592 | 21,494 |
| Equity | 28,917 | 26,639 | 23,317 | 19,444 | 16,251 |
| Long-term debt | 350 | 350 | 350 | 350 | 390 |
| Short-term debt | 7,094 | 5,376 | 4,046 | 5,798 | 4,853 |
| Total debt | 7,444 | 5,727 | 4,396 | 6,148 | 5,243 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
22.2 %
20222026
Equity ratio
79.5 %
Very strongAmong the 20% highest rated companies in the industry
20222026
Return on equity
7.9 %
WeakAmong the 40% lowest rated companies in the industry
20222026
Net profit margin (of gross profit)
28.5 %
20222026
Asset turnover (of gross profit)
0.22×
20222026
Debt / equity
0.26×
Very strongAmong the 20% highest rated companies in the industry
20222026
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)Weak
Among the 40% 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)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.
Return on net assets (RONA)Weak
Among the 40% 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)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 40% highest 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 strong
Among the 10% 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 10% 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 ratioWeak
Among the 30% 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 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 capitalStrong
Among the 30% 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 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 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 equityVery strong
Among the 20% 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 equityVery strong
Among the 20% 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 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 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 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 debtVery strong
Among the 20% highest rated companies in the 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.
Efficiency & development
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 equityAverage
Around the average of companies in the same 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.
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 2026Filed via CVR / Virk · Period 2025-04-01 – 2026-03-31
- Annual report 2025Filed via CVR / Virk · Period 2024-04-01 – 2025-03-31
- Annual report 2024Filed via CVR / Virk · Period 2023-04-01 – 2024-03-31
- Annual report 2023Filed via CVR / Virk · Period 2022-04-01 – 2023-03-31
- Annual report 2022Filed via CVR / Virk · Period 2021-04-01 – 2022-03-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
JM Management | Management | 2025 |
Former (3)
TP Management | Management | 2006 – 2018 |
WS Management | Management | 2018 – 2025 |
KM Chief Executive Officer | Chief Executive Officer | 2003 – 2003 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
SW Chairman | Chairman | 2026 |
JM Board of Directors | Board of Directors | 2025 |
CJ Board of Directors | Board of Directors | 2026 |
Former (11)
AH Chairman | Chairman | 2003 – 2003 |
TJ Board of Directors | Board of Directors | 2022 – 2024 |
TP Board of Directors | Board of Directors | 2009 – 2018 |
WS Board of Directors | Board of Directors | 2003 – 2025 |
GM Board of Directors | Board of Directors | 2003 – 2015 |
SD Chairman | Chairman | 2003 – 2009 |
TS Board of Directors | Board of Directors | 2015 – 2022 |
TM Board of Directors | Board of Directors | 2003 – 2009 |
JD Chairman | Chairman | 2025 – 2026 |
KM Board of Directors | Board of Directors | 2003 – 2003 |
HG Board of Directors | Board of Directors | 2003 – 2003 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
Radius Limited | Company | 100% | 100% | 2015 |
Diesel Card Ireland Limited | Company | 33.33–49.99% | 33.33–49.99% | 2009 |
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
Radius Limited100%Diesel Card Ireland Limited33.33%
Multiple Card Systems A/S (this company)Board network connections
Board members of Multiple Card Systems A/S also hold positions in 12 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kim Madsen | Chief Executive Officer | 12 companiesMany roles |
Frequently asked questions
What is the CVR number of Multiple Card Systems A/S?
Multiple Card Systems A/S is registered with CVR / Virk under CVR 27408745.
What is the gross profit of Multiple Card Systems A/S?
Multiple Card Systems A/S reported a gross profit of DKK 8.0m in 2026.
How many employees does Multiple Card Systems A/S have?
Multiple Card Systems A/S employs 16 people as of the latest annual report.
Who is the chairman of Multiple Card Systems A/S?
Simon William Jepson chairs the board of Multiple Card Systems A/S, in role since 2026.
Where is Multiple Card Systems A/S headquartered?
Multiple Card Systems A/S's registered address is Valnæsvej 1.