BLUE OCEAN ROBOTICS ApS is a Danish APS based in Odense C, operating in the Research and experimental development on natural sciences and engineering sector. Incorporated in 2012, the company has 18 employees and reported a gross profit of -DKK 30.4m in its latest annual filing.
| Gross profit | -30.4M DKK | -47% |
| EBITDA | -53.7M DKK | +46% |
| Net profit | -58.4M DKK | +51% |
| Total assets | 81.2M DKK | -5% |
| Equity | 16.1M DKK | +104% |
| Employees | 18 | — |
In its most recent annual report (2025), BLUE OCEAN ROBOTICS ApS reported a gross profit of -DKK 30.4m. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 58.4m.
At the end of 2025, equity financed 19.8% of the balance sheet, and current assets covered short-term debt 1.3 times. BLUE OCEAN ROBOTICS ApS is one of 2 companies registered under Research and experimental development on natural sciences and engineering in Denmark.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Gross profit | -30,450 | -57,429 | -44,620 | -33,433 | 64,427 |
| Staff expenses | -23,203 | -41,095 | -70,967 | -90,131 | -73,565 |
| EBITDA | -53,653 | -98,524 | -115,587 | -123,563 | -9,138 |
| Depreciation & amort. | -1,103 | -1,684 | -3,579 | -2,980 | -2,627 |
| EBIT | -54,756 | -100,208 | -119,166 | -126,543 | -11,765 |
| Net financials | -19,864 | -18,847 | -15,509 | -298 | -465 |
| Profit before tax | -74,620 | -119,055 | -134,676 | -126,841 | -12,230 |
| Tax | -16,238 | -0 | -4,323 | -3,702 | 1,528 |
| Net profit | -58,382 | -119,055 | -130,352 | -123,140 | -13,758 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 81,237 | 85,450 | 131,614 | 134,202 | 143,517 |
| Equity | 16,094 | -368,806 | -249,752 | -119,399 | -8,760 |
| Long-term debt | 5,017 | 4,915 | 4,923 | 4,698 | 8,796 |
| Short-term debt | 60,126 | 449,341 | 376,443 | 248,904 | 143,481 |
| Total debt | 65,143 | 454,256 | 381,366 | 253,601 | 152,277 |
28 financial ratios from the latest filing, each graded against companies in the same industry.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Net profit as a percentage of total assets — the return generated on the capital employed.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
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.
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.
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.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
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.
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 relative to short-term debt — the ability to repay short-term obligations with cash alone.
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 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 flow relative to profit — the ability to convert reported profits into accessible cash.
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA relative to debt — how much operating earnings are available to service the debt.
The ability to pay the interest on the company's debt out of its earnings.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
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.
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
The size of this year's increase or decrease in the company's debt.
Revenue relative to total assets — the ability to generate revenue from the asset base.
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.
The size of this year's increase or decrease in the company's equity.
| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
TK Chief Executive Officer | Chief Executive Officer | 2025 |
RK Management | Management | 2013 – 2019 |
JD Chief Executive Officer | Chief Executive Officer | 2022 – 2024 |
JE Chief Executive Officer | Chief Executive Officer | 2024 – 2025 |
CR Management | Management | 2013 – 2024 |
| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
CG Deputy Chairman | Deputy Chairman | 2025 |
SK Chairman | Chairman | 2025 |
NT Board of Directors | Board of Directors | 2025 |
CS Board of Directors | Board of Directors | 2018 – 2020 |
MR Board of Directors | Board of Directors | 2024 – 2025 |
RK Board of Directors | Board of Directors | 2018 – 2020 |
MJ Chairman | Chairman | 2024 – 2025 |
MT Board of Directors | Board of Directors | 2018 – 2021 |
CV Board of Directors | Board of Directors | 2024 – 2025 |
CM Board of Directors | Board of Directors | 2025 – 2026 |
JA Chairman | Chairman | 2021 – 2024 |
KH Board of Directors | Board of Directors | 2021 – 2022 |
LT Deputy Chairman | Deputy Chairman | 2024 – 2025 |
JE Board of Directors | Board of Directors | 2025 – 2025 |
JT Chairman | Chairman | 2018 – 2021 |
IV Board of Directors | Board of Directors | 2025 – 2025 |
CR Board of Directors | Board of Directors | 2018 – 2025 |
| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2014 |
| Person | Role here | Other companies |
|---|---|---|
| Niels Thorborg | Board of Directors | 62 companiesMany roles |
| Christian Gislinge Thorborg | Deputy Chairman | 26 companiesMany roles |
| Kim Harding Wellendorph Lehmann | Board of Directors | 17 companiesMany roles |
| Michael Tandrup | Board of Directors | 15 companiesMany roles |
| Jørn Tolstrup Rohde | Chairman | 14 companiesMany roles |
| Janus Doré Pagh | Chief Executive Officer | 11 companiesMany roles |
| Jens Aaløse | Chairman | 11 companiesMany roles |
| Christian Mee Allerslev Tarp | Board of Directors | 7 companiesMany roles |
| Rune Klausen Ulv Larsen | Management | 6 companiesMany roles |
| John Erland Østergaard | Chief Executive Officer | 5 companies |
| Søren Klarskov Vilby | Chairman | 5 companies |
| Thomas Knudsen | Chief Executive Officer | 4 companies |
| Lars Terney | Deputy Chairman | 4 companies |
| Christian Sagild | Board of Directors | 3 companies |
| Claus Risager | Management | 2 companies |
| Ib Vagn Drachmann-Hansen | Board of Directors | 1 company |