KILDEMARKEN ApS

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CVR 33878281Humlevangen 12, 7120 Vejle ØstOther financial service activities, except insurance and pension funding n.e.c.· NACE 6499Est. 2011 · 15 years old— employees

Overview

KILDEMARKEN ApS is a Danish APS based in Vejle Øst, operating in the Other financial service activities, except insurance and pension funding n.e.c. sector. Incorporated in 2011, the company reported revenue of DKK 345.2k in its latest annual filing.

Revenue 2025

0.3M DKK

+197% vs 2024

EBITDA margin

96.2 %

+221% vs 2024

Net profit 2025

0.3M DKK

+255% vs 2024

Key ratios

See full ratios →

89.3 %

Average

Around the average of companies in the same industry

20212025

0.5×

Weak

Among the 30% lowest rated companies in the industry

20212025

8.2 %

Strong

Among the 30% highest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Revenue	0.3M DKK	+197%
EBITDA	0.3M DKK	+221%
Net profit	0.3M DKK	+255%
Total assets	3.2M DKK	+10%
Equity	2.8M DKK	+10%
Employees	—	—

Contact

Address

Humlevangen 12, 7120 Vejle Øst

nv@spring-production.com

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Financial development

In its most recent annual report (2025), KILDEMARKEN ApS reported revenue of DKK 345.2k, an increase of 197% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 258.8k, and the EBITDA margin stood at 96.2%.

At the end of 2025, equity financed 89.3% of the balance sheet, and current assets covered short-term debt 0.5 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Revenue	345	116	65	40	172
Staff expenses	-0	-0	-0	-0	-0
EBITDA	332	103	52	27	156
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	332	103	52	27	156
Net financials	0	-10	-9	-9	-5
Profit before tax	332	94	42	18	151
Tax	73	21	9	4	33
Net profit	259	73	33	14	118

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	3,175	2,884	2,798	2,694	2,697
Equity	2,836	2,577	2,504	2,471	2,457
Long-term debt	0	0	0	0	0
Short-term debt	339	307	294	223	240
Total debt	339	307	294	223	240

Financial ratios

5-year trend

EBITDA margin

96.2 %

20212025

Equity ratio

89.3 %

Average

Around the average of companies in the same industry

20212025

Return on equity

9.1 %

Strong

Among the 40% highest rated companies in the industry

20212025

Net profit margin

75.0 %

Strong

Among the 30% highest rated companies in the industry

20212025

Asset turnover

0.11×

Very strong

Among the 20% highest rated companies in the industry

20212025

Debt / equity

0.12×

Weak

Among the 40% lowest rated companies in the industry

20212025

Sector performance

25 of 28 ratios graded

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

Profitability

Gross marginStrong

Among the 30% highest rated companies in the industry

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 marginVery strong

Among the 20% highest 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 marginStrong

Among the 30% highest 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)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)Strong

Among the 30% 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)Strong

Among the 40% 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 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 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 strong

Among the 20% 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 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 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 ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioAverage

Around the average of companies in the same 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 40% 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 40% 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 debtStrong

Among the 40% highest rated companies in the 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 marginStrong

Among the 30% 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

Asset turnoverVery strong

Among the 20% highest rated companies in the industry

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

Equity to contributed capitalStrong

Among the 30% highest 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 equityStrong

Among the 30% 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.

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 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
View PDF
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

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (3)
NV Nan Vangsgård Stiholt Management	Management	2024
AS Anitta Stiholt Founder	Founder	2011
JV Jesper Vangsgård Stiholt Founder	Founder	2011

Former (1)


JV Jørgen Vangsgaard Management	Management	2011 – 2024

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Nan Vangsgård Stiholt	Individual	66.67–89.99%	25–33.32%	2020
Anitta Stiholt	Individual	20–24.99%	66.67–89.99%	2020
Jesper Vangsgård Stiholt	Individual	33.33–49.99%	33.33–49.99%	2011

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

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

Person	Role here	Other companies
Nan Vangsgård Stiholt	Management	4 companies
Anitta Stiholt	Founder	2 companies

Frequently asked questions

What is the CVR number of KILDEMARKEN ApS?

KILDEMARKEN ApS is registered with CVR / Virk under CVR 33878281.

What is the revenue of KILDEMARKEN ApS?

KILDEMARKEN ApS reported revenue of DKK 345.2k in 2025.

Where is KILDEMARKEN ApS headquartered?

KILDEMARKEN ApS's registered address is Humlevangen 12.