M3 SYSTEM ApS

APSIn liquidation

CVR 33396740Haraldsgade 4, 2200 København NEngroshandel med andre råvarer og halvfabrikata· NACE 467600Est. 2011 · 15 years old1 employees

Overview

M3 SYSTEM ApS is a Danish APS based in København N, operating in the Engroshandel med andre råvarer og halvfabrikata sector. Incorporated in 2011, the company has 1 employee and reported a gross profit of DKK 31.6k in its latest annual filing.

Gross profit 2022

31.6K DKK

−56% vs 2021

EBITDA margin (of gross profit)

−65.7 %

−159% vs 2021

Net profit 2022

-31.1K DKK

-1128% vs 2021

Key ratios

See full ratios →

70.9 %

Strong

Among the 30% highest rated companies in the industry

20182022

3.4×

Strong

Among the 30% highest rated companies in the industry

20182022

-7.2 %

Weak

Among the 30% lowest rated companies in the industry

20182022

EBITDA — year on year

DKK thousands

Key figures

Annual report 2022

Gross profit	31.6K DKK	-56%
EBITDA	-20.8K DKK	-159%
Net profit	-31.1K DKK	-1128%
Total assets	430.4K DKK	-7%
Equity	305.3K DKK	-9%
Employees	1	—

Financial development

In its most recent annual report (2022), M3 SYSTEM ApS reported a gross profit of DKK 31.6k, a decrease of 56% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net loss of DKK 31.1k, and the EBITDA margin stood at -65.7%.

At the end of 2022, equity financed 70.9% of the balance sheet, and current assets covered short-term debt 3.4 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2022	2021	2020	2019	2018
Gross profit	32	73	89	167	352
Staff expenses	-52	-37	-84	-121	-119
EBITDA	-21	35	6	45	232
Depreciation & amort.	-0	-21	-21	-21	-21
EBIT	-21	14	-16	24	211
Net financials	-10	-10	-7	-6	-3
Profit before tax	-31	4	-23	18	208
Tax	-0	1	1	4	47
Net profit	-31	3	-24	14	161

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Balance sheet

DKK thousands

Item	2022	2021	2020	2019	2018
Total assets	430	463	552	557	651
Equity	305	336	333	357	343
Long-term debt	0	0	0	0	9
Short-term debt	125	121	219	200	297
Total debt	125	121	219	200	306

Financial ratios

5-year trend

EBITDA margin (of gross profit)

-65.7 %

20182022

Equity ratio

70.9 %

Strong

Among the 30% highest rated companies in the industry

20182022

Return on equity

-10.2 %

Very weak

Among the 20% lowest rated companies in the industry

20182022

Net profit margin (of gross profit)

-98.5 %

20182022

Asset turnover (of gross profit)

0.07×

20182022

Debt / equity

0.41×

Strong

Among the 30% highest rated companies in the industry

20182022

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)Very weak

Among the 20% 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)Weak

Among the 30% 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 20% 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)Weak

Among the 30% lowest 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 weak

Among the 20% lowest 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 ratioStrong

Among the 30% 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 ratioVery strong

Among the 20% 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 10% 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 equityStrong

Among the 40% 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 strong

Among the 10% highest 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 weak

Among the 20% lowest rated companies in the industry

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

Debt & solvency

Solidity ratioStrong

Among the 30% 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 ratioStrong

Among the 30% 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 equityStrong

Among the 30% 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 equityStrong

Among the 30% 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 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 debtVery weak

Among the 20% 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 debtVery weak

Among the 10% lowest rated companies in the industry

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

Interest marginWeak

Among the 30% 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

Equity to contributed capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityWeak

Among the 30% lowest rated companies in the industry

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

One-year change in debtAverage

Around the average of companies in the same 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 2022
Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
View PDF
Annual report 2020
Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


JN Jan Nielsen Management	Management	2015 – 2023
MS Morten Søltoft Management	Management	2011 – 2015

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
M3 GRUPPEN ApS	Company	100%	100%	2011
JAN JAGD NIELSEN, GANLØSE HOLDING ApS	Company	100%	100%	2015

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Related companies

Company hierarchy

M3 GRUPPEN ApS100%

JAN JAGD NIELSEN, GANLØSE HOLDING ApS100%

M3 SYSTEM ApS (this company)

Board network connections

Board members of M3 SYSTEM ApS also hold positions in 3 other companies.

Person	Role here	Other companies
Morten Søltoft	Management	2 companies
Jan Nielsen	Management	1 company

Frequently asked questions

What is the CVR number of M3 SYSTEM ApS?

M3 SYSTEM ApS is registered with CVR / Virk under CVR 33396740.

What is the gross profit of M3 SYSTEM ApS?

M3 SYSTEM ApS reported a gross profit of DKK 31.6k in 2022.

How many employees does M3 SYSTEM ApS have?

M3 SYSTEM ApS employs 1 people as of the latest annual report.

Where is M3 SYSTEM ApS headquartered?

M3 SYSTEM ApS's registered address is Haraldsgade 4, 1. tv.