X Nordic ApS

APSBankruptAdvertising protection

CVR 31070694Hovedgaden 1, 4270 HøngConstruction of residential and non-residential buildings· NACE 4100Est. 2007 · 18 years old4 employees

Overview

X Nordic ApS is a Danish APS based in Høng, operating in the Construction of residential and non-residential buildings sector. Incorporated in 2007, the company has 4 employees and reported revenue of DKK 6.0m in its latest annual filing.

Revenue 2022

6M DKK

+10% vs 2021

EBITDA margin

0.5 %

+114% vs 2021

Net profit 2022

0M DKK

+105% vs 2021

Key ratios

See full ratios →

4.9 %

Very weak

Among the 20% lowest rated companies in the industry

20182022

1.0×

Weak

Among the 30% lowest rated companies in the industry

20182022

0.5 %

Weak

Among the 40% lowest rated companies in the industry

20182022

EBITDA — year on year

DKK thousands

Key figures

Annual report 2022

Revenue	6M DKK	+10%
EBITDA	0M DKK	+114%
Net profit	0M DKK	+105%
Total assets	2.3M DKK	+635%
Equity	0.1M DKK	+13%
Employees	4	—

Contact

Address

Hovedgaden 1, 4270 Høng

Phone

+45 2829 3631

miki@slothtotalentreprise.dk

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2022), X Nordic ApS reported revenue of DKK 6.0m, an increase of 10% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net profit of DKK 12.6k, and the EBITDA margin stood at 0.5%.

At the end of 2022, equity financed 4.9% of the balance sheet, and current assets covered short-term debt 1 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2022	2021	2020	2019	2018
Revenue	5,996	5,438	5,544	1,655	3,125
Staff expenses	-462	-102	-0	-0	-0
EBITDA	29	-213	199	-84	-49
Depreciation & amort.	-10	-13	-17	-23	-67
EBIT	19	-226	182	-106	-117
Net financials	-7	-7	0	-1	-0
Profit before tax	13	-233	182	-107	-117
Tax	-0	-0	-0	-0	-0
Net profit	13	-233	182	-107	-117

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Balance sheet

DKK thousands

Item	2022	2021	2020	2019	2018
Total assets	2,325	316	402	508	792
Equity	114	101	334	152	199
Long-term debt	0	0	0	0	0
Short-term debt	2,212	215	68	356	592
Total debt	2,212	215	68	356	592

Financial ratios

5-year trend

EBITDA margin

0.5 %

20182022

Equity ratio

4.9 %

Very weak

Among the 20% lowest rated companies in the industry

20182022

Return on equity

11.1 %

Weak

Among the 40% lowest rated companies in the industry

20182022

Net profit margin

0.2 %

Weak

Among the 30% lowest rated companies in the industry

20182022

Asset turnover

2.58×

Strong

Among the 40% highest rated companies in the industry

20182022

Debt / equity

19.48×

Very weak

Among the 10% lowest rated companies in the industry

20182022

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 20% 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 marginWeak

Among the 30% 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 marginWeak

Among the 30% 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)Weak

Among the 40% 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)Weak

Among the 40% 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)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)Weak

Among the 40% 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 ratioWeak

Among the 40% 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 ratioWeak

Among the 30% lowest 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 ratioWeak

Among the 40% lowest 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 ratioWeak

Among the 30% lowest 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 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 ratioVery strong

Among the 20% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioVery weak

Among the 20% lowest 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 weak

Among the 20% lowest 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 weak

Among the 10% 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 equityVery weak

Among the 10% 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 debtWeak

Among the 40% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtWeak

Among the 30% 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 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 marginWeak

Among the 40% 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 turnoverStrong

Among the 40% 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 40% 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 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 weak

Among the 10% 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 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
Annual report 2020
Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
JS Jens Støttrup Founder	Founder	2007

Former (2)


MF Miki Frej Aalborg Andersen Management	Management	2024 – 2024
RJ Rasmus Jørgen Nielsen Management	Management	2022 – 2024

Board of directors

Non-executive oversight

Name	Role	Member since

Former (3)


JS Jens Støttrup Board of Directors	Board of Directors	2007 – 2021
SH Steen Henrik Ammentorp Chairman	Chairman	2007 – 2021
ML Martin Lundsager Board of Directors	Board of Directors	2007 – 2021

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Miki Frej Aalborg Andersen	Individual	100%	100%	2024
Jens Støttrup	Individual	50–66.65%	50–66.65%	2007
Steen Henrik Ammentorp	Individual	50–66.65%	50–66.65%	2007

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of X Nordic ApS also hold positions in 2 other companies.

Person	Role here	Other companies
Jens Støttrup	Founder	1 company
Steen Henrik Ammentorp	Chairman	1 company

Frequently asked questions

What is the CVR number of X Nordic ApS?

X Nordic ApS is registered with CVR / Virk under CVR 31070694.

What is the revenue of X Nordic ApS?

X Nordic ApS reported revenue of DKK 6.0m in 2022.

How many employees does X Nordic ApS have?

X Nordic ApS employs 4 people as of the latest annual report.

Where is X Nordic ApS headquartered?

X Nordic ApS's registered address is Hovedgaden 1.