K/S Handymax

Q: What is the CVR number of K/S Handymax?

K/S Handymax is registered with CVR / Virk under CVR 28993633.

Q: What is the revenue of K/S Handymax?

K/S Handymax reported revenue of DKK 5.8m in 2014.

Q: Where is K/S Handymax headquartered?

K/S Handymax's registered address is Tuborg Havnevej 18, 1..

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CVR 28993633Tuborg Havnevej 18, 2900 HellerupSea and coastal freight water transport· NACE 5020Est. 2005 · 21 years old0 employees

Overview

K/S Handymax is a Danish K/S based in Hellerup, operating in the Sea and coastal freight water transport sector. Incorporated in 2005, the company reported revenue of DKK 5.8m in its latest annual filing.

Revenue 2014

5.8M DKK

−26% vs 2013

EBITDA margin

35.2 %

+9% vs 2013

Net profit 2014

-18.9M DKK

-870% vs 2013

Key ratios

See full ratios →

81.9 %

Very strong

Among the 20% highest rated companies in the industry

20122014

5.5×

Very strong

Among the 20% highest rated companies in the industry

20122014

<−999 %

Very weak

Among the 10% lowest rated companies in the industry

20122014

EBITDA — year on year

DKK millions

Key figures

Annual report 2014

Revenue	5.8M DKK	-26%
EBITDA	2M DKK	+9%
Net profit	-18.9M DKK	-870%
Total assets	0.9M DKK	-97%
Equity	0.7M DKK	-96%
Employees	—	—

Contact

Address

Tuborg Havnevej 18, 2900 Hellerup

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Financial development

In its most recent annual report (2014), K/S Handymax reported revenue of DKK 5.8m, a decrease of 26% on the year before. The figures on this page draw on 3 annual filings covering 2012 to 2014. The bottom line showed a net loss of DKK 18.9m, and the EBITDA margin stood at 35.2%.

At the end of 2014, equity financed 81.9% of the balance sheet, and current assets covered short-term debt 5.5 times.

Financials

Revenue

DKK millions

EBITDA

DKK millions

Income statement

DKK thousands

Item	2014	2013	2012
Revenue	5,751	7,791	25,827
Staff expenses	-0	-0	-0
EBITDA	2,027	1,853	10,523
Depreciation & amort.	-8,109	-2,835	-58,300
EBIT	-6,082	-982	-47,777
Net financials	-13,338	-1,474	-3,983
Profit before tax	-18,872	-1,947	-49,534
Tax	-0	-0	-0
Net profit	-18,872	-1,947	-49,534

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Balance sheet

DKK thousands

Item	2014	2013	2012
Total assets	868	31,674	82,945
Equity	711	19,902	26,577
Long-term debt	0	9,840	272
Short-term debt	157	1,933	56,096
Total debt	157	11,772	56,368

Financial ratios

5-year trend

EBITDA margin

35.2 %

20122014

Equity ratio

81.9 %

Very strong

Among the 20% highest rated companies in the industry

20122014

Return on equity

<−999 %

Very weak

Among the 10% lowest rated companies in the industry

20122014

Net profit margin

-328.1 %

Very weak

Among the 10% lowest rated companies in the industry

20122014

Asset turnover

6.63×

Very strong

Among the 10% highest rated companies in the industry

20122014

Debt / equity

0.22×

Very strong

Among the 20% highest rated companies in the industry

20122014

Sector performance

27 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 weak

Among the 10% lowest 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 weak

Among the 10% lowest 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)Very weak

Among the 10% 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)Very weak

Among the 10% lowest 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 weak

Among the 10% 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)Very weak

Among the 10% lowest 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 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.

Liquidity

Current ratioVery strong

Among the 20% 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 20% 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 capitalVery strong

Among the 10% 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 ratioVery weak

Among the 10% 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 debtVery weak

Among the 10% lowest 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 coverageWeak

Among the 30% lowest 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 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

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 capitalVery weak

Among the 20% lowest 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 weak

Among the 10% 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 10% 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 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

No data on file.

Board of directors

Non-executive oversight

Name	Role	Member since

Former (6)


KG Katja Gindrup Board of Directors	Board of Directors	2015 – 2015
FL Fritz Larsen Board of Directors	Board of Directors	2014 – 2015
JS Jan Søren Poulsen Board of Directors	Board of Directors	2006 – 2013
HA Henrik Aldershvile Board of Directors	Board of Directors	2013 – 2014
AM Allan Munk Nielsen Board of Directors	Board of Directors	2005 – 2015
PR Pierre Rene Guichard Board of Directors	Board of Directors	2006 – 2015

Shareholders

Active legal owners

No shareholder data available.

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of K/S Handymax also hold positions in 27 other companies.

Person	Role here	Other companies
Allan Munk Nielsen	Board of Directors	9 companiesMany roles
Fritz Larsen	Board of Directors	8 companiesMany roles
Jan Søren Poulsen	Board of Directors	6 companiesMany roles
Pierre Rene Guichard	Board of Directors	3 companies
Henrik Aldershvile	Board of Directors	1 company

Frequently asked questions

What is the CVR number of K/S Handymax?

K/S Handymax is registered with CVR / Virk under CVR 28993633.

What is the revenue of K/S Handymax?

K/S Handymax reported revenue of DKK 5.8m in 2014.

Where is K/S Handymax headquartered?

K/S Handymax's registered address is Tuborg Havnevej 18, 1..