AFK FORMUE ApS

APSBankrupt

CVR 34882398Hannemanns Allé 10F, 2300 København SOther financial service activities, except insurance and pension funding n.e.c.· NACE 6499Est. 2012 · 13 years old1 employees

Overview

AFK FORMUE ApS is a Danish APS based in København S, operating in the Other financial service activities, except insurance and pension funding n.e.c. sector. Incorporated in 2012, the company has 1 employee and reported revenue of DKK 137.6k in its latest annual filing.

Revenue 2023

137.6K DKK

−80% vs 2022

EBITDA margin

−44.0 %

−272% vs 2022

Net profit 2023

-111.9K DKK

-443% vs 2022

Key ratios

See full ratios →

83.4 %

Weak

Among the 40% lowest rated companies in the industry

20192023

6.0×

Average

Around the average of companies in the same industry

20192023

-75.4 %

Very weak

Among the 10% lowest rated companies in the industry

20192023

EBITDA — year on year

DKK thousands

Key figures

Annual report 2023

Revenue	137.6K DKK	-80%
EBITDA	-60.6K DKK	-272%
Net profit	-111.9K DKK	-443%
Total assets	148.4K DKK	-59%
Equity	123.7K DKK	-50%
Employees	1	—

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Financial development

In its most recent annual report (2023), AFK FORMUE ApS reported revenue of DKK 137.6k, a decrease of 80% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net loss of DKK 111.9k, and the EBITDA margin stood at -44%.

At the end of 2023, equity financed 83.4% of the balance sheet, and current assets covered short-term debt 6 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2023	2022	2021	2020	2019
Revenue	138	673	593	714	787
Staff expenses	-54	-246	-236	-208	-405
EBITDA	-61	35	-30	159	-60
Depreciation & amort.	-50	-0	-0	-0	-0
EBIT	-111	35	-30	159	-60
Net financials	-1	-3	-5	-2	-8
Profit before tax	-112	33	-35	157	-68
Tax	-0	-0	-0	16	-0
Net profit	-112	33	-35	141	-68

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Balance sheet

DKK thousands

Item	2023	2022	2021	2020	2019
Total assets	148	364	342	367	178
Equity	124	248	216	250	110
Long-term debt	0	0	0	0	0
Short-term debt	25	115	126	117	68
Total debt	25	115	126	117	68

Financial ratios

5-year trend

EBITDA margin

-44.0 %

20192023

Equity ratio

83.4 %

Weak

Among the 40% lowest rated companies in the industry

20192023

Return on equity

-90.5 %

Very weak

Among the 10% lowest rated companies in the industry

20192023

Net profit margin

-81.3 %

Very weak

Among the 20% lowest rated companies in the industry

20192023

Asset turnover

0.93×

Very strong

Among the 10% highest rated companies in the industry

20192023

Debt / equity

0.20×

Weak

Among the 40% lowest rated companies in the industry

20192023

Sector performance

27 of 28 ratios graded

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

Profitability

Gross marginVery weak

Among the 20% lowest 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 weak

Among the 20% lowest 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 marginVery weak

Among the 20% lowest 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)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)Very weak

Among the 10% 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)Very weak

Among the 10% 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 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.

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 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 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 ratioStrong

Among the 40% 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 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 debtVery weak

Among the 10% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery weak

Among the 10% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery weak

Among the 10% lowest 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 weak

Among the 20% 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

Asset turnoverVery strong

Among the 10% highest rated companies in the industry

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

Equity to contributed capitalWeak

Among the 30% 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 10% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

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.

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 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
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

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
SM Shah Mohammad Nezrab Founder	Founder	2012

Former (3)


FK Fahim Kohistany Management	Management	2016 – 2025
BL Bo Lauritzen Liquidator	Liquidator	2025 – 2025
SS Sattar Saidi Management	Management	2013 – 2016

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Fahim Kohistany	Individual	100%	100%	2016
Sattar Saidi	Individual	100%	100%	2013

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

No registered parent or subsidiaries

Board network connections

Board members of AFK FORMUE ApS also hold positions in 56 other companies.

Person	Role here	Other companies
Bo Lauritzen	Liquidator	50 companiesMany roles
Shah Mohammad Nezrab	Founder	5 companies
Sattar Saidi	Management	1 company

Frequently asked questions

What is the CVR number of AFK FORMUE ApS?

AFK FORMUE ApS is registered with CVR / Virk under CVR 34882398.

What is the revenue of AFK FORMUE ApS?

AFK FORMUE ApS reported revenue of DKK 137.6k in 2023.

How many employees does AFK FORMUE ApS have?

AFK FORMUE ApS employs 1 people as of the latest annual report.

Where is AFK FORMUE ApS headquartered?

AFK FORMUE ApS's registered address is Hannemanns Allé 10F.