B1925 ApS

APSDissolved

CVR 32889743Troensevej 29, 5700 SvendborgIkke-finansielle holdingselskaber· NACE 642020Est. 2010 · 16 years old— employees

Overview

B1925 ApS is a Danish APS based in Svendborg, operating in the Ikke-finansielle holdingselskaber sector. Incorporated in 2010, the company reported revenue of DKK 76.2m in its latest annual filing.

Revenue 2018

76.2M DKK

−85% vs 2017

EBITDA margin

−25.8 %

−156% vs 2017

Net profit 2018

-26.9M DKK

-314% vs 2017

Key ratios

See full ratios →

11.8 %

Very weak

Among the 20% lowest rated companies in the industry

20142018

0.9×

Weak

Among the 40% lowest rated companies in the industry

20142018

-25.0 %

Very weak

Among the 10% lowest rated companies in the industry

20142018

EBITDA — year on year

DKK millions

Key figures

Annual report 2018

Revenue	76.2M DKK	-85%
EBITDA	-19.6M DKK	-156%
Net profit	-26.9M DKK	-314%
Total assets	107.4M DKK	+12%
Equity	12.7M DKK	-68%
Employees	—	—

Financial development

In its most recent annual report (2018), B1925 ApS reported revenue of DKK 76.2m, a decrease of 85% on the year before. The figures on this page draw on 5 annual filings covering 2014 to 2018. The bottom line showed a net loss of DKK 26.9m, and the EBITDA margin stood at -25.8%.

At the end of 2018, equity financed 11.8% of the balance sheet, and current assets covered short-term debt 0.9 times.

Financials

Revenue

DKK millions

EBITDA

DKK millions

Income statement

DKK thousands

Item	2018	2017	2016	2015	2014
Revenue	76,169	494,142	484,928	334,213	216,918
Staff expenses	-14,576	-34,279	-26,550	-23,371	-23,290
EBITDA	-19,634	35,091	44,661	22,137	-8,581
Depreciation & amort.	-3,250	-3,485	-3,918	-6,257	-6,404
EBIT	-22,884	31,606	40,742	15,881	-14,985
Net financials	-2,859	-1,102	-8,488	-6,529	-5,384
Profit before tax	-25,742	30,504	32,254	9,351	-20,369
Tax	1,140	17,931	12,261	7,471	10,047
Net profit	-26,882	12,573	19,994	1,880	-30,416

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Balance sheet

DKK thousands

Item	2018	2017	2016	2015	2014
Total assets	107,400	95,990	209,723	91,691	109,747
Equity	12,650	39,460	31,773	14,015	-4,213
Long-term debt	27,761	29,990	12,000	637	10,968
Short-term debt	66,989	26,539	165,950	77,039	102,992
Total debt	94,750	56,530	177,950	77,676	113,960

Financial ratios

5-year trend

EBITDA margin

-25.8 %

20142018

Equity ratio

11.8 %

Very weak

Among the 20% lowest rated companies in the industry

20142018

Return on equity

-212.5 %

Very weak

Among the 10% lowest rated companies in the industry

20142018

Net profit margin

-35.3 %

Very weak

Among the 20% lowest rated companies in the industry

20142018

Asset turnover

0.71×

Very strong

Among the 10% highest rated companies in the industry

20142018

Debt / equity

7.49×

Very weak

Among the 10% lowest rated companies in the industry

20142018

Sector performance

26 of 28 ratios graded

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

Profitability

Operating marginWeak

Among the 30% lowest rated companies in the industry

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 marginVery weak

Among the 20% lowest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Very weak

Among the 10% 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)Very weak

Among the 10% lowest 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 weak

Among the 10% 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)Very weak

Among the 10% lowest 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.

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 ratioWeak

Among the 40% 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 40% 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 ratioAverage

Around the average of companies in the same 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 capitalVery weak

Among the 20% 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 ratioStrong

Among the 30% highest rated companies in the industry

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

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.

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 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 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 coverageWeak

Among the 30% lowest rated companies in the industry

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

Interest rate on debtWeak

Among the 40% 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.

Efficiency & development

Asset turnoverVery strong

Among the 10% highest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverWeak

Among the 30% lowest rated companies in the industry

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.

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 debtVery weak

Among the 20% lowest rated companies in the industry

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 (4)


MR Morten Ravn Frederiksen Management	Management	2017 – 2017
MM Merete Mortensen Management	Management	2017 – 2018
JC Jette Clausen Management	Management	2019 – 2019
BT Bo Thomas Dybbro Management	Management	2010 – 2017

Board of directors

Non-executive oversight

Name	Role	Member since

Former (6)


MR Morten Ravn Frederiksen Board of Directors	Board of Directors	2017 – 2017
KK Karsten Kielland Chairman	Chairman	2016 – 2017
JP Johannes Poulsen Board of Directors	Board of Directors	2010 – 2017
AK Arvild Kristian Pihl Mikkelsen Board of Directors	Board of Directors	2019 – 2019
JC Jette Clausen Board of Directors	Board of Directors	2019 – 2019
JJ Jens Josefsen Chairman	Chairman	2019 – 2019

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Christian Haar	Individual	90–99.99%	100%	2015

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

No registered parent or subsidiaries

Board network connections

Board members of B1925 ApS also hold positions in 13 other companies.

Person	Role here	Other companies
Morten Ravn Frederiksen	Management	7 companiesMany roles
Jette Clausen	Management	2 companies
Bo Thomas Dybbro	Management	1 company
Karsten Kielland	Chairman	1 company
Johannes Poulsen	Board of Directors	1 company
Jens Josefsen	Chairman	1 company

Frequently asked questions

What is the CVR number of B1925 ApS?

B1925 ApS is registered with CVR / Virk under CVR 32889743.

What is the revenue of B1925 ApS?

B1925 ApS reported revenue of DKK 76.2m in 2018.

Where is B1925 ApS headquartered?

B1925 ApS's registered address is Troensevej 29.