B11 ApS
APSBankruptCVR 31762022Holger Drachmanns Vej 9, 8000 Aarhus CEngineering activities and related technical consultancy· NACE 7112Est. 2008 · 17 years old88 employees
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Overview
B11 ApS is a Danish APS based in Aarhus C, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2008, the company has 88 employees and reported a gross profit of DKK 91.1m in its latest annual filing.
Gross profit 2018
91.1M DKK
+15% vs 2017
EBITDA margin (of gross profit)
12.4 %
+685724% vs 2017
Net profit 2018
8.3M DKK
+2614% vs 2017
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
27.6 %
WeakAmong the 30% lowest rated companies in the industry
20142018
Liquidity ratioCurrent assets ÷ Short-term debt
1.4×
WeakAmong the 40% lowest rated companies in the industry
20142018
Return on assets (ROA)Net profit ÷ Total assets × 100
12.5 %
StrongAmong the 40% highest rated companies in the industry
20142018
EBITDA — year on year
DKK millionsKey figures
Annual report 2018| Gross profit | 91.1M DKK | +15% |
| EBITDA | 11.3M DKK | +685724% |
| Net profit | 8.3M DKK | +2614% |
| Total assets | 66.4M DKK | +20% |
| Equity | 18.3M DKK | +83% |
| Employees | 88 | — |
Company information
Legal name
B11 ApS
CVR number
31762022
Legal form
Anpartsselskab
NACE code
Founded
23 September 2008 · 17 years
Share capital
DKK 125,000
Employees
88 (FTE)
VAT registered
No
Audit selected
No
Last report
2018-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem, 3 medlemmer af bestyrelsen, eller af den samlede bestyrelse.
Address
Holger Drachmanns Vej 9, 8000 Aarhus C
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2018), B11 ApS reported a gross profit of DKK 91.1m, an increase of 15% on the year before. The figures on this page draw on 5 annual filings covering 2014 to 2018. The bottom line showed a net profit of DKK 8.3m, and the EBITDA margin stood at 12.4%.
At the end of 2018, equity financed 27.6% of the balance sheet, and current assets covered short-term debt 1.4 times.
Financials
Gross profit
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Gross profit | 91,125 | 79,106 | 72,596 | 61,030 | 60,409 |
| Staff expenses | -79,848 | -79,045 | -62,535 | -55,164 | -59,068 |
| EBITDA | 11,254 | 2 | 10,061 | 5,867 | 1,341 |
| Depreciation & amort. | -114 | -106 | -114 | -243 | -73 |
| EBIT | 11,141 | -104 | 9,946 | 5,624 | 1,269 |
| Net financials | -254 | -268 | -184 | -68 | 43 |
| Profit before tax | 10,689 | -372 | 9,763 | 5,556 | 1,312 |
| Tax | 2,389 | -42 | 2,567 | 1,415 | 357 |
| Net profit | 8,300 | -330 | 7,196 | 4,141 | 955 |
Balance sheet
DKK thousands| Item | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Total assets | 66,367 | 55,450 | 43,160 | 25,955 | 15,986 |
| Equity | 18,310 | 10,010 | 14,274 | 8,053 | 5,411 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 48,056 | 45,440 | 28,854 | 17,905 | 10,548 |
| Total debt | 48,056 | 45,440 | 28,854 | 17,905 | 10,548 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
12.4 %
20142018
Equity ratio
27.6 %
WeakAmong the 30% lowest rated companies in the industry
20142018
Return on equity
45.3 %
StrongAmong the 30% highest rated companies in the industry
20142018
Net profit margin (of gross profit)
9.1 %
20142018
Asset turnover (of gross profit)
1.37×
20142018
Debt / equity
2.62×
Very weakAmong the 20% lowest rated companies in the industry
20142018
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 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 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 40% 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 ratioAverage
Around the average of companies in the same 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 ratioWeak
Among the 40% 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 ratioVery weak
Among the 10% 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 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 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 30% 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 30% 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 30% 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 20% 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 20% 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 debtAverage
Around the average of companies in the same 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 marginStrong
Among the 40% 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 capitalVery strong
Among the 10% 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 strong
Among the 20% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same 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 2018Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (2)
HJ Chief Executive Officer | Chief Executive Officer | 2020 – 2020 |
JB Management | Management | 2008 – 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (5)
JB Board of Directors | Board of Directors | 2010 – 2020 |
KM Chairman | Chairman | 2020 – 2020 |
MD Board of Directors | Board of Directors | 2010 – 2013 |
EE Board of Directors | Board of Directors | 2010 – 2020 |
NT Chairman | Chairman | 2010 – 2020 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 25–33.32% | 25–33.32% | 2009 | |
| Company | 15–19.99% | 15–19.99% | 2009 | |
| Company | 25–33.32% | 25–33.32% | 2020 | |
| Company | 50–66.65% | 50–66.65% | 2008 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Related companies
Company hierarchy
For Tiden Holding ApS
B11 ApS (this company)Board network connections
Board members of B11 ApS also hold positions in 53 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kristian Maan Tokkesdal | Chairman | 39 companiesMany roles |
| Jonas Bojer Christensen | Management | 6 companiesMany roles |
| Henning Johnsen | Chief Executive Officer | 3 companies |
| Niels Thomas Sillesen | Chairman | 3 companies |
| Mads Damgaard | Board of Directors | 1 company |
| Esben Eskerod Ifversen | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of B11 ApS?
B11 ApS is registered with CVR / Virk under CVR 31762022.
What is the gross profit of B11 ApS?
B11 ApS reported a gross profit of DKK 91.1m in 2018.
How many employees does B11 ApS have?
B11 ApS employs 88 people as of the latest annual report.
Where is B11 ApS headquartered?
B11 ApS's registered address is Holger Drachmanns Vej 9.