PROGATE ApS

APSDissolved

CVR 32277160Frejasvej 3B, 3460 BirkerødKonsulentbistand vedrørende informationsteknologi· NACE 620200Est. 2009 · 17 years old— employees

Overview

PROGATE ApS is a Danish APS based in Birkerød, operating in the Konsulentbistand vedrørende informationsteknologi sector. Incorporated in 2009, the company reported a gross profit of -DKK 26.6k in its latest annual filing.

Gross profit 2018

-26.6K DKK

EBITDA margin (of gross profit)

100.0 %

Net profit 2018

9.4K DKK

Key ratios

See full ratios →

95.5 %

Very strong

Among the 20% highest rated companies in the industry

20142018

19.6×

Very strong

Among the 10% highest rated companies in the industry

20142018

1.8 %

Average

Around the average of companies in the same industry

20142018

EBITDA — year on year

DKK thousands

Key figures

Annual report 2018

Gross profit	-26.6K DKK	—
EBITDA	-26.6K DKK	—
Net profit	9.4K DKK	—
Total assets	525.1K DKK	+77%
Equity	501.5K DKK	+2%
Employees	—	—

Financial development

In its most recent annual report (2018), PROGATE ApS reported a gross profit of -DKK 26.6k. The figures on this page draw on 5 annual filings covering 2014 to 2018. The bottom line showed a net profit of DKK 9.4k.

At the end of 2018, equity financed 95.5% of the balance sheet, and current assets covered short-term debt 19.6 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2018	2017	2016	2015	2014
Revenue	-27	0	0	0	-1
Staff expenses	-0	-0	-0	-0	-0
EBITDA	-27	0	0	-2	-1
Depreciation & amort.	-5	-0	-0	-0	-17
EBIT	-32	0	0	-2	-18
Net financials	25	0	0	0	-1
Profit before tax	-6	0	0	-2	-19
Tax	-16	-0	-0	-0	-0
Net profit	9	0	0	-2	-19

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Balance sheet

DKK thousands

Item	2018	2017	2016	2015	2014
Total assets	525	297	297	297	300
Equity	501	492	492	492	496
Long-term debt	0	0	0	0	0
Short-term debt	24	-212	-212	-212	-212
Total debt	24	-212	-212	-212	-212

Financial ratios

5-year trend

EBITDA margin

<−999 %

20142018

Equity ratio

95.5 %

Very strong

Among the 20% highest rated companies in the industry

20142018

Return on equity

1.9 %

Weak

Among the 40% lowest rated companies in the industry

20142018

Net profit margin

>999 %

20142018

Asset turnover

-0.05×

20142018

Debt / equity

0.05×

Very strong

Among the 20% highest rated companies in the industry

20142018

Sector performance

20 of 28 ratios graded

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

Profitability

Return on equity (ROE)Weak

Among the 40% lowest 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)Average

Around the average of companies in the same industry

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

Return on net assets (RONA)Weak

Among the 40% lowest 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)Weak

Among the 40% 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 10% 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.

Liquidity

Current ratioVery strong

Among the 10% highest 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 strong

Among the 10% highest 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 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 strong

Among the 20% highest 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 capitalWeak

Among the 40% lowest 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 weak

Among the 10% lowest rated companies in the industry

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

Debt & solvency

Solidity ratioVery strong

Among the 20% highest 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 strong

Among the 10% highest 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 strong

Among the 20% highest 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 strong

Among the 20% highest 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 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 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 debtNot rated

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

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginNot rated

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

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 capitalAverage

Around the average of companies in the same 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.

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.

One-year change in debtNot rated

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

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

Annual reports & filings

Annual report 2018
Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
View PDF
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

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


JF Jakob Fuhr Hansen Management	Management	2009 – 2010
JN Johan Niklas Stubbe Østergaard Management	Management	2018 – 2019

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Jakob Fuhr Hansen	Individual	50–66.65%	50–66.65%	2009
Johan Niklas Stubbe Østergaard	Individual	50–66.65%	50–66.65%	2009

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of PROGATE ApS also hold positions in 7 other companies.

Person	Role here	Other companies
Jakob Fuhr Hansen	Management	6 companiesMany roles
Johan Niklas Stubbe Østergaard	Management	1 company

Frequently asked questions

What is the CVR number of PROGATE ApS?

PROGATE ApS is registered with CVR / Virk under CVR 32277160.

What is the gross profit of PROGATE ApS?

PROGATE ApS reported a gross profit of -DKK 26.6k in 2018.

Where is PROGATE ApS headquartered?

PROGATE ApS's registered address is Frejasvej 3B.