ACORN PROJECTS ApS
APSIn liquidationCVR 34451400Smedeland 2, 2600 GlostrupAnden forskning og eksperimentel udvikling inden for naturvidenskab og teknik· NACE 721900Est. 2012 · 14 years old2 employees
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Overview
ACORN PROJECTS ApS is a Danish APS based in Glostrup, operating in the Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik sector. Incorporated in 2012, the company has 2 employees and reported a gross profit of DKK 1.7m in its latest annual filing.
Gross profit 2016
1.7M DKK
+5% vs 2015
EBITDA margin (of gross profit)
22.0 %
+183% vs 2015
Net profit 2016
0.3M DKK
-78% vs 2015
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-31.5 %
Very weakAmong the 10% lowest rated companies in the industry
20132016
Liquidity ratioCurrent assets ÷ Short-term debt
0.7×
AverageAround the average of companies in the same industry
20132016
Return on assets (ROA)Net profit ÷ Total assets × 100
14.7 %
Very strongAmong the 10% highest rated companies in the industry
20132016
EBITDA — year on year
DKK thousandsKey figures
Annual report 2016| Gross profit | 1.7M DKK | +5% |
| EBITDA | 0.4M DKK | +183% |
| Net profit | 0.3M DKK | -78% |
| Total assets | 2.1M DKK | -32% |
| Equity | -0.7M DKK | +32% |
| Employees | 2 | — |
Company information
Legal name
ACORN PROJECTS ApS
CVR number
34451400
Legal form
Anpartsselskab
Founded
28 February 2012 · 14 years
Share capital
DKK 122,684
Employees
2 (FTE)
VAT registered
No
Audit selected
No
Last report
2016-06-30
Financial year
January – December
Signatory rights
Virksomheden tegnes af en likvidator
Address
Smedeland 2, 2600 Glostrup
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Financial development
In its most recent annual report (2016), ACORN PROJECTS ApS reported a gross profit of DKK 1.7m, an increase of 5% on the year before. The figures on this page draw on 4 annual filings covering 2013 to 2016. The bottom line showed a net profit of DKK 308.9k, and the EBITDA margin stood at 22%.
At the end of 2016, current assets covered short-term debt 0.7 times.
Financials
Revenue
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|
| Revenue | 1,742 | 1,658 | 1,448 | 213 |
| Staff expenses | -1,358 | -2,123 | -1,947 | -3,107 |
| EBITDA | 384 | -465 | -975 | -7,064 |
| Depreciation & amort. | -11 | 11 | 11 | -11 |
| EBIT | 372 | -476 | -986 | -7,076 |
| Net financials | -53 | 1,882 | -259 | -62 |
| Profit before tax | 319 | 1,406 | -1,245 | -7,138 |
| Tax | 10 | -0 | -298 | -1,359 |
| Net profit | 309 | 1,406 | -948 | -5,779 |
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Balance sheet
DKK thousands| Item | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|
| Total assets | 2,108 | 3,118 | 3,647 | 2,830 |
| Equity | -663 | -972 | -2,378 | -1,431 |
| Long-term debt | 0 | 0 | 2,286 | 0 |
| Short-term debt | 2,761 | 4,090 | 3,739 | 4,261 |
| Total debt | -2,761 | 4,090 | 6,025 | 4,261 |
Financial ratios
5-year trendEBITDA margin
22.0 %
20132016
Equity ratio
-31.5 %
Very weakAmong the 10% lowest rated companies in the industry
20132016
Return on equity
—
20132016
Net profit margin
17.7 %
20132016
Asset turnover
0.83×
20132016
Debt / equity
—
20132016
Sector performance
14 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on assets (ROA)Very strong
Among the 10% 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)Average
Around the average of companies in the same 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 ratioWeak
Among the 40% 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.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
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.
Cash conversion ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioVery weak
Among the 10% 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.
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 debtWeak
Among the 30% lowest 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 10% 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.
Debt ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBITDA relative to debt — how much operating earnings are available to service the debt.
Efficiency & development
Equity to contributed capitalVery weak
Among the 10% 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 debtVery strong
Among the 10% 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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
- Annual report 2016Filed via CVR / Virk · Period 2015-07-01 – 2016-06-30
- Annual report 2015Filed via CVR / Virk · Period 2014-07-01 – 2015-06-30
- Annual report 2014Filed via CVR / Virk · Period 2013-07-01 – 2014-06-30
- Annual report 2013Filed via CVR / Virk · Period 2012-02-28 – 2013-06-30
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (2)
CR Management | Management | 2012 – 2016 |
LC Management | Management | 2012 – 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (9)
ND Board of Directors | Board of Directors | 2012 – 2012 |
JC Board of Directors | Board of Directors | 2012 – 2012 |
PL Board of Directors | Board of Directors | 2012 – 2012 |
MP Board of Directors | Board of Directors | 2013 – 2016 |
RB Chairman | Chairman | 2013 – 2014 |
CR Board of Directors | Board of Directors | 2012 – 2016 |
RT Chairman | Chairman | 2012 – 2012 |
JE Board of Directors | Board of Directors | 2013 – 2013 |
LC Board of Directors | Board of Directors | 2012 – 2016 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 66.67–89.99% | 66.67–89.99% | 2012 | |
| Company | 25–33.32% | 25–33.32% | 2014 |
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Related companies
Company hierarchy
ACORN PROJECTS HOLDING ApS
ACORN PROJECTS ApS Board network connections
Board members of ACORN PROJECTS ApS also hold positions in 36 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Mads Peter Veiby | Board of Directors | 15 companiesMany roles |
| Richard Breiter | Chairman | 10 companiesMany roles |
| Jakob Ekkelund | Board of Directors | 4 companies |
| Lars Christian Møller | Management | 3 companies |
| Cristiano Riccardo Cairo | Management | 2 companies |
| Rasmus Tim Bjerngaard | Chairman | 2 companies |
Frequently asked questions
What is the CVR number of ACORN PROJECTS ApS?
ACORN PROJECTS ApS is registered with CVR / Virk under CVR 34451400.
What is the gross profit of ACORN PROJECTS ApS?
ACORN PROJECTS ApS reported a gross profit of DKK 1.7m in 2016.
How many employees does ACORN PROJECTS ApS have?
ACORN PROJECTS ApS employs 2 people as of the latest annual report.
Where is ACORN PROJECTS ApS headquartered?
ACORN PROJECTS ApS's registered address is Smedeland 2.