QUADNORD ApS

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CVR 32078729Norsvej 79, 7700 ThistedAmusement and recreation activities n.e.c.· NACE 9329Est. 2009 · 17 years old— employeeshttps://quadnord.dk

Overview

QUADNORD ApS is a Danish APS based in Thisted, operating in the Amusement and recreation activities n.e.c. sector. Incorporated in 2009, the company reported a gross profit of DKK 6.1k in its latest annual filing.

Gross profit 2025

6.1K DKK

−69% vs 2024

EBITDA margin (of gross profit)

100.0 %

−69% vs 2024

Net profit 2025

-56.7K DKK

-292% vs 2024

Key ratios

See full ratios →

-36.4 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

0.1×

Very weak

Among the 10% lowest rated companies in the industry

20212025

-64.3 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	6.1K DKK	-69%
EBITDA	6.1K DKK	-69%
Net profit	-56.7K DKK	-292%
Total assets	88.2K DKK	-35%
Equity	-32.1K DKK	-230%
Employees	—	—

Contact

Address

Norsvej 79, 7700 Thisted

Phone

+45 2364 5261

kontakt@quadnord.dk

Website

https://quadnord.dk

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2025), QUADNORD ApS reported a gross profit of DKK 6.1k, a decrease of 69% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 56.7k, and the EBITDA margin stood at 100%.

At the end of 2025, current assets covered short-term debt 0.1 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	6	20	32	23	66
Staff expenses	-0	-0	-0	-0	-0
EBITDA	6	20	32	23	66
Depreciation & amort.	-27	-27	-12	-12	-12
EBIT	-21	-7	20	11	55
Net financials	-9	-11	-6	-2	-3
Profit before tax	-30	-19	14	10	52
Tax	27	-4	3	2	11
Net profit	-57	-14	11	8	40

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	88	135	208	49	66
Equity	-32	25	39	28	21
Long-term debt	0	0	0	0	0
Short-term debt	120	110	169	21	45
Total debt	120	110	169	21	45

Financial ratios

5-year trend

EBITDA margin (of gross profit)

100.0 %

20212025

Equity ratio

-36.4 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

Return on equity

—

20212025

Net profit margin (of gross profit)

-930.6 %

20212025

Asset turnover (of gross profit)

0.07×

20212025

Debt / equity

—

20212025

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 ratioVery weak

Among the 10% 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 ratioVery weak

Among the 10% 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.

Cash conversion ratioVery weak

Among the 20% 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 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 coverageWeak

Among the 40% lowest rated companies in the industry

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

Interest rate on debtVery weak

Among the 10% 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 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 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 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 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
View PDF
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

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (2)
JH Jonas Hasager Hove Management	Management	2015
JA Jesper Agesen Founder	Founder	2009

Former (7)


JT Jan Thinggaard Bjerg Management	Management	2011 – 2015
JK Jacob Kortegaard Hald Management	Management	2015 – 2015
JB Jan Bisgaard Sørensen Management	Management	2011 – 2015
LS Lars Sørensen Management	Management	2009 – 2011
JV Jacob Vandet Hove Management	Management	2015 – 2020
AA Anders August Larsen Management	Management	2011 – 2015
DH Dann Hove Andersen Management	Management	2009 – 2015

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Jonas Hasager Hove	Individual	100%	100%	2020
Jacob Kortegaard Hald	Individual	50–66.65%	50–66.65%	2009
Jacob Vandet Hove	Individual	50–66.65%	50–66.65%	2015

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of QUADNORD ApS also hold positions in 26 other companies.

Person	Role here	Other companies
Jan Bisgaard Sørensen	Management	19 companiesMany roles
Jesper Agesen	Founder	3 companies
Dann Hove Andersen	Management	2 companies
Jacob Kortegaard Hald	Management	1 company
Lars Sørensen	Management	1 company

Frequently asked questions

What is the CVR number of QUADNORD ApS?

QUADNORD ApS is registered with CVR / Virk under CVR 32078729.

What is the gross profit of QUADNORD ApS?

QUADNORD ApS reported a gross profit of DKK 6.1k in 2025.

Where is QUADNORD ApS headquartered?

QUADNORD ApS's registered address is Norsvej 79.