THOREGAARD & HERBST EJENDOMME ApS

APSDissolved

CVR 33586884Ny Østergade 7, 3600 FrederikssundIntermediation service activities for real estate activities· NACE 6831Est. 2011 · 15 years old4 employees

Overview

THOREGAARD & HERBST EJENDOMME ApS is a Danish APS based in Frederikssund, operating in the Intermediation service activities for real estate activities sector. Incorporated in 2011, the company has 4 employees and reported a gross profit of DKK 675.0k in its latest annual filing.

Gross profit 2021

675K DKK

0% vs 2020

EBITDA margin (of gross profit)

18.8 %

+16% vs 2020

Net profit 2021

95.7K DKK

+16% vs 2020

Key ratios

See full ratios →

65.5 %

Weak

Among the 40% lowest rated companies in the industry

20172021

2.9×

Average

Around the average of companies in the same industry

20172021

17.2 %

Very strong

Among the 20% highest rated companies in the industry

20172021

EBITDA — year on year

DKK thousands

Key figures

Annual report 2021

Gross profit	675K DKK	0%
EBITDA	126.6K DKK	+16%
Net profit	95.7K DKK	+16%
Total assets	555.7K DKK	+6%
Equity	364.1K DKK	+36%
Employees	4	—

Financial development

In its most recent annual report (2021), THOREGAARD & HERBST EJENDOMME ApS reported a gross profit of DKK 675.0k, broadly in line with the year before. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net profit of DKK 95.7k, and the EBITDA margin stood at 18.8%.

At the end of 2021, equity financed 65.5% of the balance sheet, and current assets covered short-term debt 2.9 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2021	2020	2019	2018	2017
Gross profit	675	675	552	684	819
Staff expenses	-548	-566	-569	-566	-568
EBITDA	127	109	-17	118	251
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	127	109	-17	118	251
Net financials	-3	-3	-2	-3	-2
Profit before tax	124	106	-19	115	249
Tax	28	24	-4	28	57
Net profit	96	82	-15	86	192

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Balance sheet

DKK thousands

Item	2021	2020	2019	2018	2017
Total assets	556	522	271	546	621
Equity	364	268	186	291	385
Long-term debt	0	0	0	0	0
Short-term debt	192	254	85	255	236
Total debt	192	254	85	255	236

Financial ratios

5-year trend

EBITDA margin (of gross profit)

18.8 %

20172021

Equity ratio

65.5 %

Weak

Among the 40% lowest rated companies in the industry

20172021

Return on equity

26.3 %

Very strong

Among the 20% highest rated companies in the industry

20172021

Net profit margin (of gross profit)

14.2 %

20172021

Asset turnover (of gross profit)

1.21×

20172021

Debt / equity

0.53×

Weak

Among the 30% lowest rated companies in the industry

20172021

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 strong

Among the 20% 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 20% 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 ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 ratioStrong

Among the 40% 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 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 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 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 40% 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 40% 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 equityWeak

Among the 30% 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 equityWeak

Among the 30% 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 coverageVery strong

Among the 10% 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 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.

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 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 debtStrong

Among the 30% 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 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
Annual report 2017
Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


MT Morten Thoregaard Management	Management	2021 – 2023
JT Jens Thoregaard Management	Management	2011 – 2021

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
THOREGAARD GROUP ApS	Company	66.67–89.99%	66.67–89.99%	2011
LINE HERBST HOLDING ApS	Company	33.33–49.99%	33.33–49.99%	2011

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Related companies

Company hierarchy

THOREGAARD GROUP ApS66.67%

LINE HERBST HOLDING ApS33.33%

THOREGAARD & HERBST EJENDOMME ApS (this company)

Board network connections

Board members of THOREGAARD & HERBST EJENDOMME ApS also hold positions in 12 other companies.

Person	Role here	Other companies
Jens Thoregaard	Management	7 companiesMany roles
Morten Thoregaard	Management	5 companies

Frequently asked questions

What is the CVR number of THOREGAARD & HERBST EJENDOMME ApS?

THOREGAARD & HERBST EJENDOMME ApS is registered with CVR / Virk under CVR 33586884.

What is the gross profit of THOREGAARD & HERBST EJENDOMME ApS?

THOREGAARD & HERBST EJENDOMME ApS reported a gross profit of DKK 675.0k in 2021.

How many employees does THOREGAARD & HERBST EJENDOMME ApS have?

THOREGAARD & HERBST EJENDOMME ApS employs 4 people as of the latest annual report.

Where is THOREGAARD & HERBST EJENDOMME ApS headquartered?

THOREGAARD & HERBST EJENDOMME ApS's registered address is Ny Østergade 7.