H W ApS

APSBankruptAdvertising protection

CVR 33084420Ny Havnegade 36, 8700 HorsensNon-specialised wholesale trade· NACE 4690Est. 2010 · 16 years old2 employees

Overview

H W ApS is a Danish APS based in Horsens, operating in the Non-specialised wholesale trade sector. Incorporated in 2010, the company has 2 employees and reported a gross profit of DKK 464.1k in its latest annual filing.

Gross profit 2017

0.5M DKK

−4% vs 2016

EBITDA margin (of gross profit)

29.5 %

−19% vs 2016

Net profit 2017

0.1M DKK

+4% vs 2016

Key ratios

See full ratios →

13.5 %

Weak

Among the 30% lowest rated companies in the industry

20132017

0.9×

Weak

Among the 30% lowest rated companies in the industry

20132017

3.7 %

Average

Around the average of companies in the same industry

20132017

EBITDA — year on year

DKK thousands

Key figures

Annual report 2017

Gross profit	0.5M DKK	-4%
EBITDA	0.1M DKK	-19%
Net profit	0.1M DKK	+4%
Total assets	1.9M DKK	+11%
Equity	0.3M DKK	+38%
Employees	2	—

Contact

Address

Ny Havnegade 36, 8700 Horsens

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2017), H W ApS reported a gross profit of DKK 464.1k, a decrease of 4% on the year before. The figures on this page draw on 5 annual filings covering 2013 to 2017. The bottom line showed a net profit of DKK 70.0k, and the EBITDA margin stood at 29.5%.

At the end of 2017, equity financed 13.5% of the balance sheet, and current assets covered short-term debt 0.9 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2017	2016	2015	2014	2013
Revenue	464	485	519	639	230
Staff expenses	-327	-316	-294	-0	-123
EBITDA	137	168	226	-90	107
Depreciation & amort.	-55	-47	-23	-14	-4
EBIT	81	122	203	-104	103
Net financials	-11	-55	-52	-135	-1
Profit before tax	70	67	151	-239	102
Tax	-0	-1	18	-0	26
Net profit	70	67	133	-239	77

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Balance sheet

DKK thousands

Item	2017	2016	2015	2014	2013
Total assets	1,878	1,693	1,404	1,113	980
Equity	254	184	117	-16	198
Long-term debt	0	0	0	0	0
Short-term debt	1,624	1,509	1,287	1,129	782
Total debt	1,624	1,509	1,287	1,129	782

Financial ratios

5-year trend

EBITDA margin

29.5 %

20132017

Equity ratio

13.5 %

Weak

Among the 30% lowest rated companies in the industry

20132017

Return on equity

27.5 %

Strong

Among the 40% highest rated companies in the industry

20132017

Net profit margin

15.1 %

20132017

Asset turnover

0.25×

20132017

Debt / equity

6.39×

Very weak

Among the 20% lowest rated companies in the industry

20132017

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 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)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 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 ratioVery weak

Among the 20% 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 20% 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 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 20% 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 20% 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 coverageStrong

Among the 40% highest 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 40% highest 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 capitalWeak

Among the 40% 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 strong

Among the 20% highest rated companies in the industry

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

One-year change in debtWeak

Among the 40% 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 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
Annual report 2013
Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


LM Lars Mikkelsen Management	Management	2010 – 2018
LM Liselotte Mikkelsen Founder	Founder	2010 – 2021

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Lars Mikkelsen	Individual	100%	100%	2014

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 H W ApS also hold positions in 1 other company.

Person	Role here	Other companies
Lars Mikkelsen	Management	1 company

Frequently asked questions

What is the CVR number of H W ApS?

H W ApS is registered with CVR / Virk under CVR 33084420.

What is the gross profit of H W ApS?

H W ApS reported a gross profit of DKK 464.1k in 2017.

How many employees does H W ApS have?

H W ApS employs 2 people as of the latest annual report.

Where is H W ApS headquartered?

H W ApS's registered address is Ny Havnegade 36.