NORTH TQ ApS
APSBankruptCVR 31349052Krakasvej 11A, 3400 HillerødWholesale of other household goods· NACE 4649Est. 2008 · 18 years old1 employees
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Overview
NORTH TQ ApS is a Danish APS based in Hillerød, operating in the Wholesale of other household goods sector. Incorporated in 2008, the company has 1 employee and reported a gross profit of DKK 4.7m in its latest annual filing.
Gross profit 2017
4.7M DKK
−45% vs 2015
EBITDA margin (of gross profit)
31.2 %
−77% vs 2015
Net profit 2017
1M DKK
-78% vs 2015
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
30.4 %
AverageAround the average of companies in the same industry
20122017
Liquidity ratioCurrent assets ÷ Short-term debt
1.4×
AverageAround the average of companies in the same industry
20122017
Return on assets (ROA)Net profit ÷ Total assets × 100
11.6 %
StrongAmong the 30% highest rated companies in the industry
20122017
EBITDA — year on year
DKK thousandsKey figures
Annual report 2017| Gross profit | 4.7M DKK | -45% |
| EBITDA | 1.5M DKK | -77% |
| Net profit | 1M DKK | -78% |
| Total assets | 8.8M DKK | -70% |
| Equity | 2.7M DKK | -77% |
| Employees | 1 | — |
Company information
Legal name
NORTH TQ ApS
CVR number
31349052
Legal form
Anpartsselskab
NACE code
Founded
1 April 2008 · 18 years
Share capital
DKK 125,000
Employees
1 (FTE)
VAT registered
No
Audit selected
No
Last report
2017-06-30
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør.
Address
Krakasvej 11A, 3400 Hillerød
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Financial development
In its most recent annual report (2017), NORTH TQ ApS reported a gross profit of DKK 4.7m, a decrease of 45% on the year before. The figures on this page draw on 5 annual filings covering 2012 to 2017. The bottom line showed a net profit of DKK 1.0m, and the EBITDA margin stood at 31.2%.
At the end of 2017, equity financed 30.4% of the balance sheet, and current assets covered short-term debt 1.4 times.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2017 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|
| Gross profit | 4,732 | 8,657 | 9,208 | 5,902 | 5,361 |
| Staff expenses | -3,256 | -2,020 | -3,415 | -2,026 | -1,393 |
| EBITDA | 1,476 | 6,346 | 5,529 | 3,876 | 3,968 |
| Depreciation & amort. | -3 | -153 | -153 | -133 | 28 |
| EBIT | 1,473 | 6,193 | 5,376 | 3,743 | 3,940 |
| Net financials | -162 | -233 | 9 | -50 | -75 |
| Profit before tax | 1,311 | 5,961 | 5,385 | 3,693 | 3,865 |
| Tax | 293 | 1,403 | 1,319 | 927 | 969 |
| Net profit | 1,018 | 4,558 | 4,066 | 2,766 | 2,896 |
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Balance sheet
DKK thousands| Item | 2017 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|
| Total assets | 8,771 | 29,437 | 17,345 | 9,759 | 9,686 |
| Equity | 2,667 | 11,649 | 10,092 | 8,026 | 5,260 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 6,103 | 17,788 | 7,253 | 1,725 | 4,426 |
| Total debt | 6,103 | 17,788 | 7,253 | 1,725 | 4,426 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
31.2 %
20122017
Equity ratio
30.4 %
AverageAround the average of companies in the same industry
20122017
Return on equity
38.2 %
StrongAmong the 30% highest rated companies in the industry
20122017
Net profit margin (of gross profit)
21.5 %
20122017
Asset turnover (of gross profit)
0.54×
20122017
Debt / equity
2.29×
WeakAmong the 30% lowest rated companies in the industry
20122017
Sector performance
23 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Strong
Among the 30% 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)Strong
Among the 30% 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)Strong
Among the 30% 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)Strong
Among the 30% 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 ratioStrong
Among the 30% 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 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 30% 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 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 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 30% 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 30% 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 debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 40% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 40% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same 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 capitalStrong
Among the 30% 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 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.
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 2017Filed via CVR / Virk · Period 2016-01-01 – 2017-06-30
- Annual report 2015Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
- Annual report 2014Filed via CVR / Virk · Period 2014-01-01 – 2014-12-31
- Annual report 2013Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
- Annual report 2012Filed via CVR / Virk · Period 2012-01-01 – 2012-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (3)
HB Management | Management | 2008 – 2008 |
KL Management | Management | 2016 – 2018 |
PO Management | Management | 2008 – 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (5)
PK Board of Directors | Board of Directors | 2016 – 2018 |
SL Board of Directors | Board of Directors | 2018 – 2018 |
PO Board of Directors | Board of Directors | 2016 – 2018 |
MK Chairman | Chairman | 2018 – 2018 |
TB Chairman | Chairman | 2016 – 2018 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2016 | |
| Company | 100% | 100% | 2013 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
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Related companies
Company hierarchy
HAKK invest ApS
NORTH TQ ApS Board network connections
Board members of NORTH TQ ApS also hold positions in 36 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Michael Kjær | Chairman | 17 companiesMany roles |
| Troels Busch Gammelgaard | Chairman | 9 companiesMany roles |
| Henning Biil | Management | 3 companies |
| Peter Ole Harder | Management | 2 companies |
| Peter Körner | Board of Directors | 2 companies |
| Søren Lønsbo | Board of Directors | 2 companies |
| Kim Lave Nielsen | Management | 1 company |
Frequently asked questions
What is the CVR number of NORTH TQ ApS?
NORTH TQ ApS is registered with CVR / Virk under CVR 31349052.
What is the gross profit of NORTH TQ ApS?
NORTH TQ ApS reported a gross profit of DKK 4.7m in 2017.
How many employees does NORTH TQ ApS have?
NORTH TQ ApS employs 1 people as of the latest annual report.
Where is NORTH TQ ApS headquartered?
NORTH TQ ApS's registered address is Krakasvej 11A.