TIDE LEASING 2010 ApS

APSDissolved

CVR 32661130Egegårdsvej 20, 5260 Odense SRental and leasing of other machinery, equipment and tangible goods n.e.c.· NACE 7739Est. 2009 · 16 years old— employees

Overview

TIDE LEASING 2010 ApS is a Danish APS based in Odense S, operating in the Rental and leasing of other machinery, equipment and tangible goods n.e.c. sector. Incorporated in 2009, the company reported a gross profit of DKK 6.0m in its latest annual filing.

Gross profit 2015

6M DKK

+6% vs 2014

EBITDA margin (of gross profit)

100.0 %

+6% vs 2014

Net profit 2015

1.5M DKK

+224% vs 2014

Key ratios

See full ratios →

15.6 %

Weak

Among the 30% lowest rated companies in the industry

20122015

0.0×

Very weak

Among the 10% lowest rated companies in the industry

20122015

8.1 %

Average

Around the average of companies in the same industry

20122015

EBITDA — year on year

DKK thousands

Key figures

Annual report 2015

Gross profit	6M DKK	+6%
EBITDA	6M DKK	+6%
Net profit	1.5M DKK	+224%
Total assets	18.2M DKK	-56%
Equity	2.8M DKK	+106%
Employees	—	—

Financial development

In its most recent annual report (2015), TIDE LEASING 2010 ApS reported a gross profit of DKK 6.0m, an increase of 6% on the year before. The figures on this page draw on 4 annual filings covering 2012 to 2015. The bottom line showed a net profit of DKK 1.5m, and the EBITDA margin stood at 100%.

At the end of 2015, equity financed 15.6% of the balance sheet, and current assets covered short-term debt 0 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2015	2014	2013	2012
Revenue	5,971	5,637	4,778	7,106
Staff expenses	-0	-0	-0	-0
EBITDA	5,971	5,637	4,778	4,180
Depreciation & amort.	-2,955	-3,663	-3,191	-2,808
EBIT	3,016	1,974	1,587	1,372
Net financials	-1,240	-1,333	-1,598	-1,359
Profit before tax	1,776	641	-11	14
Tax	311	189	73	3
Net profit	1,465	452	-85	10

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Balance sheet

DKK thousands

Item	2015	2014	2013	2012
Total assets	18,196	41,133	48,610	28,627
Equity	2,847	1,382	930	1,014
Long-term debt	0	3,504	17,793	0
Short-term debt	14,857	36,248	29,888	27,612
Total debt	14,857	39,751	47,680	27,612

Financial ratios

5-year trend

EBITDA margin

100.0 %

20122015

Equity ratio

15.6 %

Weak

Among the 30% lowest rated companies in the industry

20122015

Return on equity

51.5 %

Strong

Among the 30% highest rated companies in the industry

20122015

Net profit margin

24.5 %

20122015

Asset turnover

0.33×

20122015

Debt / equity

5.39×

Very weak

Among the 10% lowest rated companies in the industry

20122015

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 30% 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 30% 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.

Capacity ratioVery strong

Among the 20% highest 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 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.

Current assets to equityVery strong

Among the 10% 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 capitalVery weak

Among the 10% 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 10% 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 debtStrong

Among the 40% highest rated companies in the 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 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 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 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 strong

Among the 10% 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 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
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)


JV John Vestergaard Kristensen Management	Management	2009 – 2010
FJ Flemming Jensen Chief Executive Officer	Chief Executive Officer	2010 – 2016

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
TIDE BUS DANMARK A/S	Company	100%	100%	2009

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Related companies

Company hierarchy

Tide Bus Danmark A/S100%

TIDE LEASING 2010 ApS (this company)

Board network connections

Board members of TIDE LEASING 2010 ApS also hold positions in 1 other company.

Person	Role here	Other companies
John Vestergaard Kristensen	Management	1 company

Frequently asked questions

What is the CVR number of TIDE LEASING 2010 ApS?

TIDE LEASING 2010 ApS is registered with CVR / Virk under CVR 32661130.

What is the gross profit of TIDE LEASING 2010 ApS?

TIDE LEASING 2010 ApS reported a gross profit of DKK 6.0m in 2015.

Where is TIDE LEASING 2010 ApS headquartered?

TIDE LEASING 2010 ApS's registered address is Egegårdsvej 20.