MIDTJYSK LOGISTIK ApS

APSBankrupt

CVR 33057776Munkbrovej 13, 7500 HolstebroOther real estate activities on a fee or contract basis· NACE 6832Est. 2010 · 16 years old1 employees

Overview

MIDTJYSK LOGISTIK ApS is a Danish APS based in Holstebro, operating in the Other real estate activities on a fee or contract basis sector. Incorporated in 2010, the company has 1 employee and reported a gross profit of DKK 5.1m in its latest annual filing.

Gross profit 2014

5.1M DKK

+733% vs 2013

EBITDA margin (of gross profit)

5.5 %

+278% vs 2013

Net profit 2014

0.2M DKK

+189% vs 2013

Key ratios

See full ratios →

13.6 %

Very weak

Among the 20% lowest rated companies in the industry

20122014

0.9×

Weak

Among the 30% lowest rated companies in the industry

20122014

13.9 %

Very strong

Among the 20% highest rated companies in the industry

20122014

EBITDA — year on year

DKK thousands

Key figures

Annual report 2014

Gross profit	5.1M DKK	+733%
EBITDA	0.3M DKK	+278%
Net profit	0.2M DKK	+189%
Total assets	1.5M DKK	+233%
Equity	0.2M DKK	+3977%
Employees	1	—

Financial development

In its most recent annual report (2014), MIDTJYSK LOGISTIK ApS reported a gross profit of DKK 5.1m, an increase of 733% 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 211.3k, and the EBITDA margin stood at 5.5%.

At the end of 2014, equity financed 13.6% of the balance sheet, and current assets covered short-term debt 0.9 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2014	2013	2012
Gross profit	5,061	608	186
Staff expenses	-4,784	-534	-261
EBITDA	276	73	-75
Depreciation & amort.	-32	-0	-0
EBIT	245	73	-75
Net financials	5	-8	-5
Profit before tax	250	65	-80
Tax	38	-8	13
Net profit	211	73	-93

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Balance sheet

DKK thousands

Item	2014	2013	2012
Total assets	1,518	455	100
Equity	206	-5	-78
Long-term debt	0	0	0
Short-term debt	1,300	461	178
Total debt	1,300	461	178

Financial ratios

5-year trend

EBITDA margin (of gross profit)

5.5 %

20122014

Equity ratio

13.6 %

Very weak

Among the 20% lowest rated companies in the industry

20122014

Return on equity

102.6 %

Very strong

Among the 10% highest rated companies in the industry

20122014

Net profit margin (of gross profit)

4.2 %

20122014

Asset turnover (of gross profit)

3.33×

20122014

Debt / equity

6.37×

Very weak

Among the 10% lowest rated companies in the industry

20122014

Sector performance

21 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 20% 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)Very strong

Among the 10% 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 ratioStrong

Among the 40% 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 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 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 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 20% 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 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 debtVery strong

Among the 10% highest rated companies in the industry

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

Interest rate on debtVery strong

Among the 10% 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 20% 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.

Interest coverageNot rated

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

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

Efficiency & development

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 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.

One-year change in equityNot 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 equity.

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)


JK Jørgen Knudsen Management	Management	2010 – 2016
MG Mikael Gammelgaard Management	Management	2016 – 2016

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Jørgen Knudsen	Individual	100%	100%	2010
Mikael Gammelgaard	Individual	100%	100%	2016

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of MIDTJYSK LOGISTIK ApS also hold positions in 6 other companies.

Person	Role here	Other companies
Jørgen Knudsen	Management	4 companies
Mikael Gammelgaard	Management	2 companies

Frequently asked questions

What is the CVR number of MIDTJYSK LOGISTIK ApS?

MIDTJYSK LOGISTIK ApS is registered with CVR / Virk under CVR 33057776.

What is the gross profit of MIDTJYSK LOGISTIK ApS?

MIDTJYSK LOGISTIK ApS reported a gross profit of DKK 5.1m in 2014.

How many employees does MIDTJYSK LOGISTIK ApS have?

MIDTJYSK LOGISTIK ApS employs 1 people as of the latest annual report.

Where is MIDTJYSK LOGISTIK ApS headquartered?

MIDTJYSK LOGISTIK ApS's registered address is Munkbrovej 13.