PIPE JOINT ENGINEERING ApS
APSIn liquidationCVR 34702616Vassingerødvej 88, 3540 LyngeManufacture of tubes, pipes, hollow profiles and related fittings, of steel· NACE 2420Est. 2012 · 14 years old7 employees
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Overview
PIPE JOINT ENGINEERING ApS is a Danish APS based in Lynge, operating in the Manufacture of tubes, pipes, hollow profiles and related fittings, of steel sector. Incorporated in 2012, the company has 7 employees and reported a gross profit of -DKK 262.7k in its latest annual filing.
Gross profit 2021
-0.3M DKK
−1352% vs 2020
EBITDA margin (of gross profit)
100.0 %
−1352% vs 2020
Net profit 2021
-0.4M DKK
-63% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-23.3 %
Very weakAmong the 20% lowest rated companies in the industry
20172021
Liquidity ratioCurrent assets ÷ Short-term debt
0.7×
Very weakAmong the 20% lowest rated companies in the industry
20172021
Return on assets (ROA)Net profit ÷ Total assets × 100
-11.9 %
WeakAmong the 30% lowest rated companies in the industry
20172021
EBITDA — year on year
DKK thousandsKey figures
Annual report 2021| Gross profit | -0.3M DKK | -1352% |
| EBITDA | -0.3M DKK | -1352% |
| Net profit | -0.4M DKK | -63% |
| Total assets | 3.5M DKK | -39% |
| Equity | -0.8M DKK | -105% |
| Employees | 7 | — |
Company information
Legal name
PIPE JOINT ENGINEERING ApS
CVR number
34702616
Legal form
Anpartsselskab
Founded
10 September 2012 · 14 years
Share capital
DKK 40,000
Employees
7 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Virksomheden tegnes af en likvidator
Address
Vassingerødvej 88, 3540 Lynge
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Financial development
In its most recent annual report (2021), PIPE JOINT ENGINEERING ApS reported a gross profit of -DKK 262.7k, a decrease of 1352% on the year before. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net loss of DKK 418.0k.
At the end of 2021, current assets covered short-term debt 0.7 times.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Gross profit | -263 | 21 | -538 | -2,753 | -36 |
| Staff expenses | -0 | -0 | -0 | -1,139 | -1,672 |
| EBITDA | -263 | 21 | -538 | -3,891 | -1,708 |
| Depreciation & amort. | -189 | -240 | -214 | -193 | -501 |
| EBIT | -452 | -219 | -751 | -4,085 | -2,208 |
| Net financials | -82 | -297 | -348 | -134 | -163 |
| Profit before tax | -534 | -516 | -1,100 | -2,374 | -1,347 |
| Tax | -116 | -260 | -220 | 922 | 512 |
| Net profit | -418 | -256 | -879 | -3,296 | -1,859 |
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Balance sheet
DKK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Total assets | 3,500 | 5,737 | 4,971 | 5,737 | 6,671 |
| Equity | -816 | -398 | 98 | 978 | 1,052 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 4,308 | 6,135 | 4,873 | 4,681 | 5,555 |
| Total debt | 4,308 | 6,135 | 4,873 | 4,681 | 5,555 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
<−999 %
20172021
Equity ratio
-23.3 %
Very weakAmong the 20% lowest rated companies in the industry
20172021
Return on equity
—
20172021
Net profit margin (of gross profit)
<−999 %
20172021
Asset turnover (of gross profit)
-0.08×
20172021
Debt / equity
—
20172021
Sector performance
16 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
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.
Basic earning power (BEP)Very weak
Among the 20% 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 10% 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.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Liquidity
Current ratioVery weak
Among the 20% 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 40% 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 ratioVery weak
Among the 20% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
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.
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 20% 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 ratioVery weak
Among the 20% 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.
Income to debtWeak
Among the 30% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 30% 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 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.
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.
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 20% 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 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (2)
EB Management | Management | 2020 – 2022 |
RY Chief Executive Officer | Chief Executive Officer | 2012 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (4)
JD Board of Directors | Board of Directors | 2014 – 2020 |
EB Chairman | Chairman | 2012 – 2020 |
RY Board of Directors | Board of Directors | 2012 – 2020 |
LY Board of Directors | Board of Directors | 2012 – 2014 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2012 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
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Related companies
Company hierarchy
Brødrene Beck Holding A/S
PIPE JOINT ENGINEERING ApS Board network connections
Board members of PIPE JOINT ENGINEERING ApS also hold positions in 18 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jannik Dennis Hansen | Board of Directors | 10 companiesMany roles |
| Erik Beck | Management | 4 companies |
| René Yndal Beck | Chief Executive Officer | 4 companies |
Frequently asked questions
What is the CVR number of PIPE JOINT ENGINEERING ApS?
PIPE JOINT ENGINEERING ApS is registered with CVR / Virk under CVR 34702616.
What is the gross profit of PIPE JOINT ENGINEERING ApS?
PIPE JOINT ENGINEERING ApS reported a gross profit of -DKK 262.7k in 2021.
How many employees does PIPE JOINT ENGINEERING ApS have?
PIPE JOINT ENGINEERING ApS employs 7 people as of the latest annual report.
Where is PIPE JOINT ENGINEERING ApS headquartered?
PIPE JOINT ENGINEERING ApS's registered address is Vassingerødvej 88.