Testac ApS

APSIn liquidationAdvertising protection

CVR 31636396Storstræde 24, 2620 AlbertslundActivities auxiliary to insurance and pension funding n.e.c.· NACE 6629Est. 2008 · 18 years old2 employees

Overview

Testac ApS is a Danish APS based in Albertslund, operating in the Activities auxiliary to insurance and pension funding n.e.c. sector. Incorporated in 2008, the company has 2 employees and reported a gross profit of DKK 2.3m in its latest annual filing.

Gross profit 2017

2.3M DKK

−56% vs 2016

EBITDA margin (of gross profit)

11.4 %

+2304% vs 2016

Net profit 2017

0.1M DKK

+163% vs 2016

Key ratios

See full ratios →

72.4 %

Weak

Among the 40% lowest rated companies in the industry

20132017

3.6×

Average

Around the average of companies in the same industry

20132017

5.6 %

Strong

Among the 40% highest rated companies in the industry

20132017

EBITDA — year on year

DKK thousands

Key figures

Annual report 2017

Gross profit	2.3M DKK	-56%
EBITDA	0.3M DKK	+2304%
Net profit	0.1M DKK	+163%
Total assets	1.5M DKK	-19%
Equity	1.1M DKK	+1%
Employees	2	—

Contact

Address

Storstræde 24, 2620 Albertslund

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 (2017), Testac ApS reported a gross profit of DKK 2.3m, a decrease of 56% on the year before. The figures on this page draw on 5 annual filings covering 2013 to 2017. The bottom line showed a net profit of DKK 86.9k, and the EBITDA margin stood at 11.4%.

At the end of 2017, equity financed 72.4% of the balance sheet, and current assets covered short-term debt 3.6 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2017	2016	2015	2014	2013
Gross profit	2,287	5,253	6,384	5,370	7,277
Staff expenses	-2,027	-5,265	-6,026	-5,061	-6,941
EBITDA	261	-12	359	308	335
Depreciation & amort.	-162	-147	-152	-132	-191
EBIT	99	-159	207	176	144
Net financials	-1	-3	-9	-2	0
Profit before tax	98	-162	198	174	145
Tax	11	-24	52	49	-11
Net profit	87	-138	146	125	156

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	2017	2016	2015	2014	2013
Total assets	1,547	1,917	3,054	3,475	4,408
Equity	1,121	1,112	1,375	1,688	1,719
Long-term debt	0	0	0	0	0
Short-term debt	426	804	1,655	1,746	2,631
Total debt	426	804	1,655	1,746	2,631

Financial ratios

5-year trend

EBITDA margin (of gross profit)

11.4 %

20132017

Equity ratio

72.4 %

Weak

Among the 40% lowest rated companies in the industry

20132017

Return on equity

7.8 %

Strong

Among the 40% highest rated companies in the industry

20132017

Net profit margin (of gross profit)

3.8 %

20132017

Asset turnover (of gross profit)

1.48×

20132017

Debt / equity

0.38×

Weak

Among the 30% lowest rated companies in the industry

20132017

Sector performance

23 of 28 ratios graded

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

Profitability

Return on equity (ROE)Strong

Among the 40% 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 40% 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 40% 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)Very strong

Among the 10% 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 40% 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 ratioStrong

Among the 30% 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 20% 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 capitalStrong

Among the 40% 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 strong

Among the 10% highest rated companies in the industry

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

Debt & solvency

Solidity ratioWeak

Among the 40% 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 ratioWeak

Among the 40% 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 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 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 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 coverageVery strong

Among the 10% highest 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 30% 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 30% 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.

Efficiency & development

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 equityAverage

Around the average of companies in the same industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtVery strong

Among the 20% 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 2017
Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
View PDF
Annual report 2015
Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
View PDF
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

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (7)


SE Sverre Eske Lorenzen Management	Management	2008 – 2018
ST Søren Theilgaard Liquidator	Liquidator	2018 – 2018
AG Alfred Grinderslev Audit	Audit	2010 – 2012
PH Per Harboe Ravn Management	Management	2017 – 2018
AR Asger Reinholdt Christensen Management	Management	2008 – 2008
KJ Kenneth Jørgen Wolstrup Management	Management	2017 – 2018
JE Jens Erik Jepsen Christensen Management	Management	2017 – 2018

Board of directors

Non-executive oversight

Name	Role	Member since

Former (4)


SV Søren Vasehus Madsen Board of Directors	Board of Directors	2008 – 2017
LH Lars Halling Board of Directors	Board of Directors	2008 – 2016
JR Jesper Rasmussen Deputy Chairman	Deputy Chairman	2008 – 2017
JE Jens Erik Jepsen Christensen Chairman	Chairman	2008 – 2017

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Sverre Eske Lorenzen	Individual	25–33.32%	25–33.32%	2015
Anette Rasmussen	Individual	10–14.99%	10–14.99%	2015
SAPERE AUDE ApS	Company	33.33–49.99%	33.33–49.99%	2015
Kenneth Jørgen Wolstrup	Individual	10–14.99%	10–14.99%	2015
Jens Erik Jepsen Christensen	Individual	33.33–49.99%	33.33–49.99%	2015

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

SAPERE AUDE ApS33.33%

Testac ApS (this company)

Board network connections

Board members of Testac ApS also hold positions in 25 other companies.

Person	Role here	Other companies
Søren Theilgaard	Liquidator	10 companiesMany roles
Jens Erik Jepsen Christensen	Management	5 companies
Sverre Eske Lorenzen	Management	3 companies
Alfred Grinderslev	Audit	2 companies
Per Harboe Ravn	Management	2 companies
Asger Reinholdt Christensen	Management	1 company
Kenneth Jørgen Wolstrup	Management	1 company
Søren Vasehus Madsen	Board of Directors	1 company

Frequently asked questions

What is the CVR number of Testac ApS?

Testac ApS is registered with CVR / Virk under CVR 31636396.

What is the gross profit of Testac ApS?

Testac ApS reported a gross profit of DKK 2.3m in 2017.

How many employees does Testac ApS have?

Testac ApS employs 2 people as of the latest annual report.

Where is Testac ApS headquartered?

Testac ApS's registered address is Storstræde 24.