Ahsan ApS

APSBankrupt

CVR 28281102Amager Landevej 166, 2770 KastrupRental and leasing of cars and light motor vehicles· NACE 7711Est. 2004 · 21 years old— employees

Overview

Ahsan ApS is a Danish APS based in Kastrup, operating in the Rental and leasing of cars and light motor vehicles sector. Incorporated in 2004, the company reported revenue of DKK 240.0k in its latest annual filing.

Revenue 2023

0.2M DKK

−48% vs 2022

EBITDA margin

56.7 %

+109% vs 2022

Net profit 2023

0.1M DKK

+108% vs 2022

Key ratios

See full ratios →

40.1 %

Average

Around the average of companies in the same industry

20192023

1.2×

Average

Around the average of companies in the same industry

20192023

6.3 %

Average

Around the average of companies in the same industry

20192023

EBITDA — year on year

DKK thousands

Key figures

Annual report 2023

Revenue	0.2M DKK	-48%
EBITDA	0.1M DKK	+109%
Net profit	0.1M DKK	+108%
Total assets	1.5M DKK	+15%
Equity	0.6M DKK	+19%
Employees	—	—

Contact

Address

Amager Landevej 166, 2770 Kastrup

Phone

+45 2064 6841

Recent events

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Financial development

In its most recent annual report (2023), Ahsan ApS reported revenue of DKK 240.0k, a decrease of 48% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net profit of DKK 94.8k, and the EBITDA margin stood at 56.7%.

At the end of 2023, equity financed 40.1% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2023	2022	2021	2020	2019
Revenue	240	464	1,262	2,443	4,137
Staff expenses	-0	-0	-0	-0	-0
EBITDA	136	-1,560	184	-158	280
Depreciation & amort.	-13	-13	-13	-13	-13
EBIT	123	-1,573	171	-171	267
Net financials	0	-2	-231	-4	-2
Profit before tax	123	-1,575	-60	-175	265
Tax	28	-345	137	-0	59
Net profit	95	-1,229	-197	-175	206

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Balance sheet

DKK thousands

Item	2023	2022	2021	2020	2019
Total assets	1,496	1,298	2,767	2,703	3,076
Equity	600	506	2,064	2,548	2,893
Long-term debt	0	0	0	0	0
Short-term debt	896	792	703	155	184
Total debt	896	792	703	155	184

Financial ratios

5-year trend

EBITDA margin

56.7 %

20192023

Equity ratio

40.1 %

Average

Around the average of companies in the same industry

20192023

Return on equity

15.8 %

Average

Around the average of companies in the same industry

20192023

Net profit margin

39.5 %

Very strong

Among the 20% highest rated companies in the industry

20192023

Asset turnover

0.16×

Weak

Among the 40% lowest rated companies in the industry

20192023

Debt / equity

1.49×

Weak

Among the 40% lowest rated companies in the industry

20192023

Sector performance

26 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 strong

Among the 20% 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 marginVery strong

Among the 20% 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)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)Strong

Among the 40% 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.

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 ratioAverage

Around the average of companies in the same industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityWeak

Among the 40% lowest 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 capitalWeak

Among the 40% lowest 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 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 ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioAverage

Around the average of companies in the same industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityWeak

Among the 40% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityWeak

Among the 40% lowest rated companies in the industry

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

Income to debtAverage

Around the average of companies in the same 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 rate on debtVery strong

Among the 10% highest 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.

Interest coverageNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

Efficiency & development

Asset turnoverWeak

Among the 40% lowest rated companies in the 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 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 debtWeak

Among the 40% 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 2023
Filed via CVR / Virk · Period 2022-04-01 – 2023-03-31
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-04-01 – 2022-03-31
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-04-01 – 2021-03-31
View PDF
Annual report 2020
Filed via CVR / Virk · Period 2019-04-01 – 2020-03-31
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2018-04-01 – 2019-03-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (5)


MH Mazar Hussain Management	Management	2022 – 2023
AH Annemette Heller Management	Management	2004 – 2004
KS Khurram Shahzad Management	Management	2004 – 2015
LS Lars Skanvig Bramhelft Liquidator	Liquidator	2024 – 2024
KS Khurram Shahzad Management	Management	2023 – 2024

Board of directors

Non-executive oversight

Name	Role	Member since

Former (1)


KM Kim Madsen Chairman	Chairman	2004 – 2004

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Mazar Hussain	Individual	100%	100%	2022
Shumaila Ashraf	Individual	50–66.65%	50–66.65%	2016
Ahmed Khizar	Individual	50–66.65%	50–66.65%	2004
Khurram Shahzad	Individual	50–66.65%	50–66.65%	2004

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Ahsan ApS also hold positions in 46 other companies.

Person	Role here	Other companies
Lars Skanvig Bramhelft	Liquidator	31 companiesMany roles
Kim Madsen	Chairman	12 companiesMany roles
Khurram Shahzad	Management	2 companies
Mazar Hussain	Management	1 company

Frequently asked questions

What is the CVR number of Ahsan ApS?

Ahsan ApS is registered with CVR / Virk under CVR 28281102.

What is the revenue of Ahsan ApS?

Ahsan ApS reported revenue of DKK 240.0k in 2023.

Where is Ahsan ApS headquartered?

Ahsan ApS's registered address is Amager Landevej 166.