Thora Projects ApS

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CVR 33971397Gjethusparken 4, 3300 FrederiksværkKunstnerisk skaben· NACE 900300Est. 2011 · 14 years old3 employees

Overview

Thora Projects ApS is a Danish APS based in Frederiksværk, operating in the Kunstnerisk skaben sector. Incorporated in 2011, the company has 3 employees and reported a gross profit of DKK 166.8k in its latest annual filing.

Gross profit 2022

166.8K DKK

−475% vs 2021

EBITDA margin (of gross profit)

9.5 %

+121% vs 2021

Net profit 2022

-58K DKK

-375% vs 2021

Key ratios

See full ratios →

29.8 %

Average

Around the average of companies in the same industry

20182022

1.2×

Average

Around the average of companies in the same industry

20182022

-24.2 %

Weak

Among the 30% lowest rated companies in the industry

20182022

EBITDA — year on year

DKK thousands

Key figures

Annual report 2022

Gross profit	166.8K DKK	-475%
EBITDA	15.8K DKK	+121%
Net profit	-58K DKK	-375%
Total assets	240.1K DKK	-30%
Equity	71.6K DKK	-45%
Employees	3	—

Contact

Address

Gjethusparken 4, 3300 Frederiksværk

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Financial development

In its most recent annual report (2022), Thora Projects ApS reported a gross profit of DKK 166.8k. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net loss of DKK 58.0k, and the EBITDA margin stood at 9.5%.

At the end of 2022, equity financed 29.8% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2022	2021	2020	2019	2018
Gross profit	167	-45	94	70	134
Staff expenses	-151	-30	-11	-78	-160
EBITDA	16	-74	82	-8	-25
Depreciation & amort.	-9	-5	-5	-0	-0
EBIT	7	-80	77	-8	-25
Net financials	-5	107	-3	-105	66
Profit before tax	2	27	75	-113	40
Tax	60	6	-17	-41	2
Net profit	-58	21	92	-73	38

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Balance sheet

DKK thousands

Item	2022	2021	2020	2019	2018
Total assets	240	341	244	103	157
Equity	72	130	109	17	90
Long-term debt	0	0	0	0	0
Short-term debt	168	212	135	86	67
Total debt	168	212	135	86	67

Financial ratios

5-year trend

EBITDA margin (of gross profit)

9.5 %

20182022

Equity ratio

29.8 %

Average

Around the average of companies in the same industry

20182022

Return on equity

-81.0 %

Very weak

Among the 10% lowest rated companies in the industry

20182022

Net profit margin (of gross profit)

-34.8 %

20182022

Asset turnover (of gross profit)

0.69×

20182022

Debt / equity

2.35×

Weak

Among the 30% lowest 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 10% 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 10% 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)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 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 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 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 capitalAverage

Around the average of companies in the same 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 10% lowest 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 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 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 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 coverageAverage

Around the average of companies in the same industry

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

Interest rate on debtWeak

Among the 40% 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 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 weak

Among the 20% lowest 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 2022
Filed via CVR / Virk · Period 2021-10-01 – 2022-09-30
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-10-01 – 2021-09-30
View PDF
Annual report 2020
Filed via CVR / Virk · Period 2019-10-01 – 2020-09-30
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2018-10-01 – 2019-09-30
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2017-10-01 – 2018-09-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


JS Jesper Søe Chief Executive Officer	Chief Executive Officer	2022 – 2024
TP Thora Pia Finnsdottir Søe Management	Management	2020 – 2022

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Jesper Søe	Individual	100%	100%	2022
Thora Pia Finnsdottir Søe	Individual	100%	100%	2020

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Thora Projects ApS also hold positions in 1 other company.

Person	Role here	Other companies
Jesper Søe	Chief Executive Officer	1 company

Frequently asked questions

What is the CVR number of Thora Projects ApS?

Thora Projects ApS is registered with CVR / Virk under CVR 33971397.

What is the gross profit of Thora Projects ApS?

Thora Projects ApS reported a gross profit of DKK 166.8k in 2022.

How many employees does Thora Projects ApS have?

Thora Projects ApS employs 3 people as of the latest annual report.

Where is Thora Projects ApS headquartered?

Thora Projects ApS's registered address is Gjethusparken 4.