KORDEGARDEN ApS

APSIn liquidationAdvertising protection

CVR 29844976Enghaven 60, 7100 VejleReal estate activities with own property and development of building projects· NACE 6810Est. 2006 · 20 years old0 employees

Overview

KORDEGARDEN ApS is a Danish APS based in Vejle, operating in the Real estate activities with own property and development of building projects sector. Incorporated in 2006, the company has 0 employees and reported revenue of DKK 4.2m in its latest annual filing.

Revenue 2018

4.2M DKK

−80% vs 2017

EBITDA margin

−99.3 %

−108% vs 2017

Net profit 2018

-5.6M DKK

-113% vs 2017

Key ratios

See full ratios →

35.2 %

Average

Around the average of companies in the same industry

20142018

1.5×

Strong

Among the 40% highest rated companies in the industry

20142018

-92.9 %

Very weak

Among the 10% lowest rated companies in the industry

20142018

EBITDA — year on year

DKK millions

Key figures

Annual report 2018

Revenue	4.2M DKK	-80%
EBITDA	-4.1M DKK	-108%
Net profit	-5.6M DKK	-113%
Total assets	6M DKK	-98%
Equity	2.1M DKK	-95%
Employees	0	—

Contact

Address

Enghaven 60, 7100 Vejle

Advertising protection

Active — opted out of marketing use

Risika for professionals

Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.

Visit risika.com

Financial development

In its most recent annual report (2018), KORDEGARDEN ApS reported revenue of DKK 4.2m, a decrease of 80% on the year before. The figures on this page draw on 5 annual filings covering 2014 to 2018. The bottom line showed a net loss of DKK 5.6m, and the EBITDA margin stood at -99.3%.

At the end of 2018, equity financed 35.2% of the balance sheet, and current assets covered short-term debt 1.5 times.

Financials

Revenue

DKK millions

EBITDA

DKK millions

Income statement

DKK thousands

Item	2018	2017	2016	2015	2014
Revenue	4,174	20,426	16,254	15,714	15,953
Staff expenses	-1,246	-2,200	-672	-434	-0
EBITDA	-4,145	55,263	6,868	22,874	10,976
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	-4,145	55,263	6,868	22,874	10,976
Net financials	-2,964	-7,590	-18,154	-355	548
Profit before tax	-7,109	47,672	-11,286	22,519	11,524
Tax	-1,531	5,723	949	2,067	2,661
Net profit	-5,579	41,950	-12,235	20,452	8,862

Get a credit rating – not just the numbers

Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.

See the credit rating

Balance sheet

DKK thousands

Item	2018	2017	2016	2015	2014
Total assets	6,007	313,017	273,261	288,453	340,716
Equity	2,113	41,192	-758	22,478	72,026
Long-term debt	0	171,434	199,947	262,562	265,652
Short-term debt	3,894	96,449	73,571	3,414	3,037
Total debt	3,894	267,883	273,519	265,975	268,690

Financial ratios

5-year trend

EBITDA margin

-99.3 %

20142018

Equity ratio

35.2 %

Average

Around the average of companies in the same industry

20142018

Return on equity

-264.0 %

Very weak

Among the 10% lowest rated companies in the industry

20142018

Net profit margin

-133.7 %

Very weak

Among the 10% lowest rated companies in the industry

20142018

Asset turnover

0.69×

Very strong

Among the 10% highest rated companies in the industry

20142018

Debt / equity

1.84×

Average

Around the average of companies in the same industry

20142018

Sector performance

27 of 28 ratios graded

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

Profitability

Gross marginVery weak

Among the 10% lowest rated companies in the 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 ratioStrong

Among the 40% 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 40% 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 20% 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 equityVery weak

Among the 10% 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 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 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 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 equityAverage

Around the average of companies in the same industry

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

Liabilities to equityAverage

Around the average of companies in the same 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 weak

Among the 10% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery weak

Among the 20% lowest rated companies in the industry

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

Interest rate on debtStrong

Among the 40% highest 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 20% 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 capitalWeak

Among the 30% 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 2018
Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
View PDF
Annual report 2017
Filed via CVR / Virk · Period 2016-10-01 – 2017-12-31
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2015-10-01 – 2016-09-30
View PDF
Annual report 2015
Filed via CVR / Virk · Period 2014-10-01 – 2015-09-30
View PDF
Annual report 2014
Filed via CVR / Virk · Period 2013-10-01 – 2014-09-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


JB Johnny Bihl Chief Executive Officer	Chief Executive Officer	2013 – 2018
CJ Christian Jul Madsen Liquidator	Liquidator	2018 – 2019
CJ Claus Jørgen Søgaard Poulsen Management	Management	2006 – 2013

Board of directors

Non-executive oversight

Name	Role	Member since

Former (3)


CE Carl Erik Skovgaard Board of Directors	Board of Directors	2012 – 2014
JM Jørgen Meyer Chairman	Chairman	2012 – 2014
CJ Claus Jørgen Søgaard Poulsen Board of Directors	Board of Directors	2012 – 2014

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
NOBI D ApS	Company	100%	100%	2016
SE EJENDOMME, AARHUS ApS	Company	100%	100%	2006

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

Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.

See the fraud module

Related companies

Company hierarchy

NOBI D ApS100%

SE EJENDOMME, AARHUS ApS100%

KORDEGARDEN ApS (this company)

Board network connections

Board members of KORDEGARDEN ApS also hold positions in 194 other companies.

Person	Role here	Other companies
Carl Erik Skovgaard	Board of Directors	97 companiesMany roles
Christian Jul Madsen	Liquidator	36 companiesMany roles
Jørgen Meyer	Chairman	33 companiesMany roles
Johnny Bihl	Chief Executive Officer	19 companiesMany roles
Claus Jørgen Søgaard Poulsen	Management	9 companiesMany roles

Frequently asked questions

What is the CVR number of KORDEGARDEN ApS?

KORDEGARDEN ApS is registered with CVR / Virk under CVR 29844976.

What is the revenue of KORDEGARDEN ApS?

KORDEGARDEN ApS reported revenue of DKK 4.2m in 2018.

Where is KORDEGARDEN ApS headquartered?

KORDEGARDEN ApS's registered address is Enghaven 60.