BITSHIFTERS HOLDING ApS

APSDissolved

CVR 32445810Rågholmvej 6, 8410 RøndeEconomic activity was not specified by tax authority· NACE 0000Est. 2009 · 17 years old— employees

Overview

BITSHIFTERS HOLDING ApS is a Danish APS based in Rønde, operating in the Economic activity was not specified by tax authority sector. Incorporated in 2009, the company reported a gross profit of -DKK 8.2k in its latest annual filing.

Gross profit 2014

-0M DKK

−101% vs 2013

EBITDA margin (of gross profit)

100.0 %

−101% vs 2013

Net profit 2014

10M DKK

+849% vs 2013

Key ratios

See full ratios →

99.5 %

Very strong

Among the 20% highest rated companies in the industry

20122014

18.5×

Strong

Among the 40% highest rated companies in the industry

20122014

92.2 %

Very strong

Among the 10% highest rated companies in the industry

20122014

EBITDA — year on year

DKK thousands

Key figures

Annual report 2014

Gross profit	-0M DKK	-101%
EBITDA	-0M DKK	-101%
Net profit	10M DKK	+849%
Total assets	10.8M DKK	+980%
Equity	10.7M DKK	+992%
Employees	—	—

Financial development

In its most recent annual report (2014), BITSHIFTERS HOLDING ApS reported a gross profit of -DKK 8.2k, a decrease of 101% 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 10.0m.

At the end of 2014, equity financed 99.5% of the balance sheet, and current assets covered short-term debt 18.5 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2014	2013	2012
Gross profit	-8	980	-409
Staff expenses	-0	-0	-0
EBITDA	-8	980	-409
Depreciation & amort.	-0	-0	-0
EBIT	-8	980	-409
Net financials	9,982	1,078	-423
Profit before tax	9,974	1,070	-429
Tax	12	20	-7
Net profit	9,962	1,049	-423

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Balance sheet

DKK thousands

Item	2014	2013	2012
Total assets	10,806	1,001	179
Equity	10,747	984	-65
Long-term debt	0	0	0
Short-term debt	59	17	244
Total debt	59	17	244

Financial ratios

5-year trend

EBITDA margin (of gross profit)

<−999 %

20122014

Equity ratio

99.5 %

Very strong

Among the 20% highest rated companies in the industry

20122014

Return on equity

92.7 %

Very strong

Among the 10% highest rated companies in the industry

20122014

Net profit margin (of gross profit)

>999 %

20122014

Asset turnover (of gross profit)

-0.00×

20122014

Debt / equity

0.01×

Very strong

Among the 20% highest rated companies in the industry

20122014

Sector performance

22 of 28 ratios graded

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

Profitability

Return on equity (ROE)Very strong

Among the 10% 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)Very strong

Among the 10% 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)Very strong

Among the 10% 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.

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.

Capacity ratioNot rated

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

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.

Liquidity

Current ratioStrong

Among the 40% 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 ratioStrong

Among the 40% 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 ratioVery strong

Among the 20% 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 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 ratioAverage

Around the average of companies in the same 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 20% 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 debtVery strong

Among the 10% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtWeak

Among the 40% lowest rated companies in the industry

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

Interest coverageVery weak

Among the 10% lowest rated companies in the industry

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

Interest rate on debtStrong

Among the 30% highest rated companies in the industry

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

Interest marginVery strong

Among the 10% 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 capitalStrong

Among the 30% 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 10% 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 (2)


JB Jonathan Bech Bunde-Pedersen Management	Management	2009 – 2015
MV Martin Vestergård Mogensen Management	Management	2009 – 2015

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Jonathan Bech Bunde-Pedersen	Individual	50–66.65%	50–66.65%	2009
Martin Vestergård Mogensen	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 BITSHIFTERS HOLDING ApS also hold positions in 6 other companies.

Person	Role here	Other companies
Jonathan Bech Bunde-Pedersen	Management	3 companies
Martin Vestergård Mogensen	Management	3 companies

Frequently asked questions

What is the CVR number of BITSHIFTERS HOLDING ApS?

BITSHIFTERS HOLDING ApS is registered with CVR / Virk under CVR 32445810.

What is the gross profit of BITSHIFTERS HOLDING ApS?

BITSHIFTERS HOLDING ApS reported a gross profit of -DKK 8.2k in 2014.

Where is BITSHIFTERS HOLDING ApS headquartered?

BITSHIFTERS HOLDING ApS's registered address is Rågholmvej 6.