V & E HOLDING ApS

APSDissolved

CVR 27971261Kvædevej 4, 8600 SilkeborgEconomic activity was not specified by tax authority· NACE 0000Est. 2004 · 22 years old— employees

Overview

V & E HOLDING ApS is a Danish APS based in Silkeborg, operating in the Economic activity was not specified by tax authority sector. Incorporated in 2004, the company reported a gross profit of -DKK 38.2k in its latest annual filing.

Gross profit 2020

-0M DKK

−269% vs 2019

EBITDA margin (of gross profit)

100.0 %

−269% vs 2019

Net profit 2020

1.4M DKK

-7% vs 2019

Key ratios

See full ratios →

99.9 %

Very strong

Among the 10% highest rated companies in the industry

20162020

559.8×

Very strong

Among the 10% highest rated companies in the industry

20162020

6.3 %

Average

Around the average of companies in the same industry

20162020

EBITDA — year on year

DKK thousands

Key figures

Annual report 2020

Gross profit	-0M DKK	-269%
EBITDA	-0M DKK	-269%
Net profit	1.4M DKK	-7%
Total assets	22.7M DKK	+6%
Equity	22.7M DKK	+7%
Employees	—	—

Financial development

In its most recent annual report (2020), V & E HOLDING ApS reported a gross profit of -DKK 38.2k, a decrease of 269% on the year before. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net profit of DKK 1.4m.

At the end of 2020, equity financed 99.9% of the balance sheet, and current assets covered short-term debt 559.8 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2020	2019	2018	2017	2016
Revenue	-38	23	-67	27	59
Staff expenses	-0	-0	-0	-0	-0
EBITDA	-38	23	-67	27	9
Depreciation & amort.	-10	-10	-10	-10	-10
EBIT	-48	12	-78	17	-1
Net financials	1,474	1,514	1,441	1,634	1,775
Profit before tax	1,425	1,527	1,363	1,651	-1,777
Tax	-0	-0	-0	14	-39
Net profit	1,425	1,527	1,363	1,637	-1,738

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Balance sheet

DKK thousands

Item	2020	2019	2018	2017	2016
Total assets	22,748	21,362	20,519	20,269	19,039
Equity	22,722	21,323	20,495	20,253	18,404
Long-term debt	0	0	0	0	0
Short-term debt	26	39	24	16	635
Total debt	26	39	24	16	635

Financial ratios

5-year trend

EBITDA margin

<−999 %

20162020

Equity ratio

99.9 %

Very strong

Among the 10% highest rated companies in the industry

20162020

Return on equity

6.3 %

Average

Around the average of companies in the same industry

20162020

Net profit margin

>999 %

20162020

Asset turnover

-0.00×

20162020

Debt / equity

0.00×

Very strong

Among the 10% highest rated companies in the industry

20162020

Sector performance

23 of 28 ratios graded

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

Profitability

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)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)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)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 ratioVery weak

Among the 10% 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.

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 ratioVery strong

Among the 10% 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 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 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 ratioWeak

Among the 40% 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 10% 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 10% 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 10% 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 10% 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 debtVery weak

Among the 20% lowest rated companies in the 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 debtVery weak

Among the 10% 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 10% 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

Equity to contributed capitalVery strong

Among the 20% 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 equityStrong

Among the 40% 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.

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 2020
Filed via CVR / Virk · Period 2019-07-01 – 2020-06-30
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2018-07-01 – 2019-06-30
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2017-07-01 – 2018-06-30
View PDF
Annual report 2017
Filed via CVR / Virk · Period 2016-07-01 – 2017-06-30
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2015-07-01 – 2016-06-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


EM Erik Mikkelsen Management	Management	2004 – 2020
VM Vivi Mikkelsen Management	Management	2014 – 2020

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Erik Mikkelsen	Individual	66.67–89.99%	66.67–89.99%	2004
Peter Dam Mikkelsen	Individual	15–19.99%	15–19.99%	2019
Ole Dam Mikkelsen	Individual	15–19.99%	15–19.99%	2019

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 V & E HOLDING ApS also hold positions in 2 other companies.

Person	Role here	Other companies
Erik Mikkelsen	Management	1 company
Vivi Mikkelsen	Management	1 company

Frequently asked questions

What is the CVR number of V & E HOLDING ApS?

V & E HOLDING ApS is registered with CVR / Virk under CVR 27971261.

What is the gross profit of V & E HOLDING ApS?

V & E HOLDING ApS reported a gross profit of -DKK 38.2k in 2020.

Where is V & E HOLDING ApS headquartered?

V & E HOLDING ApS's registered address is Kvædevej 4.