LUBEX ApS

APSBankruptAdvertising protection

CVR 31852781Toftevænget 15, 8250 EgåActivities of agents involved in non-specialised wholesale· NACE 4619Est. 2008 · 17 years old1 employees

Overview

LUBEX ApS is a Danish APS based in Egå, operating in the Activities of agents involved in non-specialised wholesale sector. Incorporated in 2008, the company has 1 employee and reported a gross profit of DKK 661.5k in its latest annual filing.

Gross profit 2014

0.7M DKK

−76% vs 2013

EBITDA margin (of gross profit)

−94.6 %

−327% vs 2013

Net profit 2014

-0.9M DKK

-2597% vs 2013

Key ratios

See full ratios →

-18.6 %

Very weak

Among the 20% lowest rated companies in the industry

20122014

0.9×

Weak

Among the 30% lowest rated companies in the industry

20122014

-26.2 %

Very weak

Among the 20% lowest rated companies in the industry

20122014

EBITDA — year on year

DKK thousands

Key figures

Annual report 2014

Gross profit	0.7M DKK	-76%
EBITDA	-0.6M DKK	-327%
Net profit	-0.9M DKK	-2597%
Total assets	3.4M DKK	-30%
Equity	-0.6M DKK	-347%
Employees	1	—

Contact

Address

Toftevænget 15, 8250 Egå

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2014), LUBEX ApS reported a gross profit of DKK 661.5k, a decrease of 76% on the year before. The figures on this page draw on 3 annual filings covering 2012 to 2014. The bottom line showed a net loss of DKK 901.8k, and the EBITDA margin stood at -94.6%.

At the end of 2014, current assets covered short-term debt 0.9 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2014	2013	2012
Gross profit	662	2,780	1,887
Staff expenses	-1,288	-2,505	-1,492
EBITDA	-626	275	395
Depreciation & amort.	109	-85	-65
EBIT	-735	190	330
Net financials	-167	-210	-156
Profit before tax	-902	-20	174
Tax	-0	13	36
Net profit	-902	-33	138

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Balance sheet

DKK thousands

Item	2014	2013	2012
Total assets	3,443	4,898	3,954
Equity	-642	260	293
Long-term debt	500	0	0
Short-term debt	3,585	4,638	3,661
Total debt	4,085	4,638	3,661

Financial ratios

5-year trend

EBITDA margin (of gross profit)

-94.6 %

20122014

Equity ratio

-18.6 %

Very weak

Among the 20% lowest rated companies in the industry

20122014

Return on equity

—

20122014

Net profit margin (of gross profit)

-136.3 %

20122014

Asset turnover (of gross profit)

0.19×

20122014

Debt / equity

—

20122014

Sector performance

17 of 28 ratios graded

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

Profitability

Return on assets (ROA)Very weak

Among the 20% lowest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Basic earning power (BEP)Very weak

Among the 20% 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 20% 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.

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.

Return on equity (ROE)Not rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on net assets (RONA)Not rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

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 30% 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.

Cash conversion ratioWeak

Among the 30% lowest rated companies in the industry

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

Current assets to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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 capitalNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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.

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.

Income to debtVery weak

Among the 20% 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 20% lowest rated companies in the industry

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

Interest coverageWeak

Among the 30% lowest rated companies in the industry

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

Interest rate on debtWeak

Among the 30% lowest 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.

Debt to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

Liabilities to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Efficiency & development

Equity to contributed capitalVery weak

Among the 20% 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 debtStrong

Among the 30% 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 2014
Filed via CVR / Virk · Period 2013-05-01 – 2014-04-30
View PDF
Annual report 2013
Filed via CVR / Virk · Period 2012-05-01 – 2013-04-30
View PDF
Annual report 2012
Filed via CVR / Virk · Period 2011-05-01 – 2012-04-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


FB Flemming Bastholm Liquidator	Liquidator	2016 – 2016
FJ Flemming Johansen Management	Management	2008 – 2015

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Morten Schakow	Individual	50–66.65%	50–66.65%	2013
Flemming Johansen	Individual	50–66.65%	50–66.65%	2013

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

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

Person	Role here	Other companies
Flemming Bastholm	Liquidator	1 company
Flemming Johansen	Management	1 company

Frequently asked questions

What is the CVR number of LUBEX ApS?

LUBEX ApS is registered with CVR / Virk under CVR 31852781.

What is the gross profit of LUBEX ApS?

LUBEX ApS reported a gross profit of DKK 661.5k in 2014.

How many employees does LUBEX ApS have?

LUBEX ApS employs 1 people as of the latest annual report.

Where is LUBEX ApS headquartered?

LUBEX ApS's registered address is Toftevænget 15.