FORSTAS ØST ApS

APSDissolved

CVR 32303463Tornvadshavevej 109, 7080 BørkopLandscape service activities· NACE 8130Est. 2011 · 15 years old0 employees

Overview

FORSTAS ØST ApS is a Danish APS based in Børkop, operating in the Landscape service activities sector. Incorporated in 2011, the company has 0 employees and reported a gross profit of DKK 25.6m in its latest annual filing.

Gross profit 2014

25.6M DKK

+673% vs 2013

EBITDA margin (of gross profit)

5.9 %

−26% vs 2013

Net profit 2014

1M DKK

-39% vs 2013

Key ratios

See full ratios →

18.7 %

Weak

Among the 30% lowest rated companies in the industry

20122014

1.1×

Weak

Among the 30% lowest rated companies in the industry

20122014

4.7 %

Average

Around the average of companies in the same industry

20122014

EBITDA — year on year

DKK thousands

Key figures

Annual report 2014

Gross profit	25.6M DKK	+673%
EBITDA	1.5M DKK	-26%
Net profit	1M DKK	-39%
Total assets	20.6M DKK	+232%
Equity	3.9M DKK	+33%
Employees	0	—

Financial development

In its most recent annual report (2014), FORSTAS ØST ApS reported a gross profit of DKK 25.6m, an increase of 673% on the year before. The figures on this page draw on 3 annual filings covering 2012 to 2014. The bottom line showed a net profit of DKK 967.7k, and the EBITDA margin stood at 5.9%.

At the end of 2014, equity financed 18.7% of the balance sheet, and current assets covered short-term debt 1.1 times.

Financials

Gross profit

DKK millions

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2014	2013	2012
Gross profit	25,584	3,312	2,764
Staff expenses	-24,079	-0	-0
EBITDA	1,505	2,036	2,023
Depreciation & amort.	-0	-0	-0
EBIT	1,505	2,036	2,023
Net financials	-211	60	7
Profit before tax	1,295	2,096	2,030
Tax	327	520	510
Net profit	968	1,576	1,520

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Balance sheet

DKK thousands

Item	2014	2013	2012
Total assets	20,637	6,223	6,061
Equity	3,860	2,893	2,067
Long-term debt	0	0	0
Short-term debt	16,462	3,219	3,942
Total debt	16,462	3,219	3,942

Financial ratios

5-year trend

EBITDA margin (of gross profit)

5.9 %

20122014

Equity ratio

18.7 %

Weak

Among the 30% lowest rated companies in the industry

20122014

Return on equity

25.1 %

Strong

Among the 40% highest rated companies in the industry

20122014

Net profit margin (of gross profit)

3.8 %

20122014

Asset turnover (of gross profit)

1.24×

20122014

Debt / equity

4.35×

Very weak

Among the 10% lowest rated companies in the industry

20122014

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)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)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)Average

Around the average of companies in the same 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 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.

Current assets to equityVery weak

Among the 10% 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 capitalWeak

Among the 30% 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 strong

Among the 20% 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 10% 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 10% 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 coverageAverage

Around the average of companies in the same 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 marginAverage

Around the average of companies in the same 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 20% 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 equityStrong

Among the 30% highest rated companies in the industry

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

One-year change in debtVery weak

Among the 10% lowest 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 2014-01-01 – 2014-12-31
View PDF
Annual report 2013
Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
View PDF
Annual report 2012
Filed via CVR / Virk · Period 2012-01-01 – 2012-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


TM Thomas Munch Sørensen Management	Management	2011 – 2015
HH Henrik Hallenberg Rasmussen Management	Management	2011 – 2015
SE Svend Erik Bech Rasmussen Management	Management	2011 – 2015

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
STH-HOLDING ApS	Company	100%	100%	2011

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

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Related companies

Company hierarchy

STH-HOLDING ApS100%

FORSTAS ØST ApS (this company)

Board network connections

Board members of FORSTAS ØST ApS also hold positions in 9 other companies.

Person	Role here	Other companies
Henrik Hallenberg Rasmussen	Management	5 companies
Thomas Munch Sørensen	Management	3 companies
Svend Erik Bech Rasmussen	Management	1 company

Frequently asked questions

What is the CVR number of FORSTAS ØST ApS?

FORSTAS ØST ApS is registered with CVR / Virk under CVR 32303463.

What is the gross profit of FORSTAS ØST ApS?

FORSTAS ØST ApS reported a gross profit of DKK 25.6m in 2014.

Where is FORSTAS ØST ApS headquartered?

FORSTAS ØST ApS's registered address is Tornvadshavevej 109.