B & N DEVELOPING ApS

APSActiveAdvertising protection

CVR 28116314Danmarksvej 30E, 8660 SkanderborgWholesale of hardware, plumbing and heating equipment and supplies· NACE 4684Est. 2004 · 22 years old4 employeeshttps://www.bndeveloping.com

Overview

B & N DEVELOPING ApS is a Danish APS based in Skanderborg, operating in the Wholesale of hardware, plumbing and heating equipment and supplies sector. Incorporated in 2004, the company has 4 employees and reported a gross profit of DKK 4.7m in its latest annual filing.

Gross profit 2025

4.7M DKK

+4% vs 2024

EBITDA margin (of gross profit)

71.0 %

+3% vs 2024

Net profit 2025

2.4M DKK

-3% vs 2024

Key ratios

See full ratios →

69.2 %

Strong

Among the 30% highest rated companies in the industry

20212025

3.1×

Strong

Among the 30% highest rated companies in the industry

20212025

38.4 %

Very strong

Among the 10% highest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	4.7M DKK	+4%
EBITDA	3.3M DKK	+3%
Net profit	2.4M DKK	-3%
Total assets	6.2M DKK	-19%
Equity	4.3M DKK	-2%
Employees	4	—

Contact

Address

Danmarksvej 30E, 8660 Skanderborg

Phone

+45 5350 4500

mail@bndeveloping.com

Website

https://www.bndeveloping.com

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2025), B & N DEVELOPING ApS reported a gross profit of DKK 4.7m, an increase of 4% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 2.4m, and the EBITDA margin stood at 71%.

At the end of 2025, equity financed 69.2% of the balance sheet, and current assets covered short-term debt 3.1 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	4,695	4,532	4,407	2,590	2,413
Staff expenses	-1,363	-1,312	-1,239	-1,135	-1,699
EBITDA	3,332	3,220	3,168	1,456	456
Depreciation & amort.	-55	-0	-0	-0	-9
EBIT	3,277	3,220	3,168	1,456	447
Net financials	-220	-67	-57	-219	12
Profit before tax	3,057	3,153	3,111	1,236	459
Tax	687	707	705	293	102
Net profit	2,370	2,446	2,405	943	357

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	6,175	7,603	6,237	4,577	6,592
Equity	4,271	4,341	4,295	2,829	2,243
Long-term debt	0	0	0	0	0
Short-term debt	1,904	3,262	1,943	1,748	4,350
Total debt	1,904	3,262	1,943	1,748	4,350

Financial ratios

5-year trend

EBITDA margin (of gross profit)

71.0 %

20212025

Equity ratio

69.2 %

Strong

Among the 30% highest rated companies in the industry

20212025

Return on equity

55.5 %

Very strong

Among the 20% highest rated companies in the industry

20212025

Net profit margin (of gross profit)

50.5 %

20212025

Asset turnover (of gross profit)

0.76×

20212025

Debt / equity

0.45×

Strong

Among the 30% highest rated companies in the industry

20212025

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)Very strong

Among the 20% highest 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 strong

Among the 10% 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)Very strong

Among the 20% highest 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 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 ratioVery strong

Among the 10% 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 ratioStrong

Among the 30% 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 ratioStrong

Among the 30% 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 ratioStrong

Among the 40% 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 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 40% 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 30% 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 30% 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 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 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 coverageStrong

Among the 30% 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 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 strong

Among the 10% 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

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 equityWeak

Among the 40% lowest 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 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)
HN Hans Nygaard Management	Management	2004

Former (1)


PB Peter Bolther Rugaard Management	Management	2004 – 2017

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
HANS NYGAARD HOLDING ApS	Company	66.67–89.99%	66.67–89.99%	2022
JUBECH ApS	Company	25–33.32%	25–33.32%	2022
BOLTHER HOLDING ApS	Company	50–66.65%	50–66.65%	2004