GLOVAC ApS
APSBankruptAdvertising protectionCVR 35031669Palle Juul-Jensens Boulevard 82, 8200 Aarhus NOther manufacturing n.e.c.· NACE 3299Est. 2013 · 13 years old2 employees
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Overview
GLOVAC ApS is a Danish APS based in Aarhus N, operating in the Other manufacturing n.e.c. sector. Incorporated in 2013, the company has 2 employees and reported a gross profit of -DKK 217.3k in its latest annual filing.
Gross profit 2018
-0.2M DKK
−51% vs 2017
EBITDA margin (of gross profit)
499.3 %
−37% vs 2017
Net profit 2018
-7.9M DKK
-587% vs 2017
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-564.3 %
Very weakAmong the 10% lowest rated companies in the industry
20142018
Liquidity ratioCurrent assets ÷ Short-term debt
3.8×
Very strongAmong the 20% highest rated companies in the industry
20142018
Return on assets (ROA)Net profit ÷ Total assets × 100
-481.5 %
Very weakAmong the 10% lowest rated companies in the industry
20142018
EBITDA — year on year
DKK thousandsKey figures
Annual report 2018| Gross profit | -0.2M DKK | -51% |
| EBITDA | -1.1M DKK | -37% |
| Net profit | -7.9M DKK | -587% |
| Total assets | 1.6M DKK | -75% |
| Equity | -9.3M DKK | -581% |
| Employees | 2 | — |
Company information
Legal name
GLOVAC ApS
CVR number
35031669
Legal form
Anpartsselskab
NACE code
3299 · Other manufacturing n.e.c.
Founded
14 January 2013 · 13 years
Share capital
DKK 699,782
Employees
2 (FTE)
VAT registered
No
Audit selected
No
Last report
2018-06-30
Financial year
January – December
Signatory rights
Selskabet tegnes af direktøren i forening med bestyrelsesformanden eller af den samlede bestyrelse
Contact
Address
Palle Juul-Jensens Boulevard 82, 8200 Aarhus N
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2018), GLOVAC ApS reported a gross profit of -DKK 217.3k. The figures on this page draw on 5 annual filings covering 2014 to 2018. The bottom line showed a net loss of DKK 7.9m.
At the end of 2018, current assets covered short-term debt 3.8 times.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Gross profit | -217 | -439 | -196 | -136 | -2,030 |
| Staff expenses | -868 | -352 | -393 | -375 | -550 |
| EBITDA | -1,085 | -791 | -589 | -511 | -2,580 |
| Depreciation & amort. | -6,309 | -64 | -64 | -64 | -96 |
| EBIT | -7,394 | -855 | -653 | -575 | -2,676 |
| Net financials | -865 | -624 | -393 | -326 | -220 |
| Profit before tax | -8,259 | -1,479 | -1,045 | -901 | -2,895 |
| Tax | -332 | -325 | -233 | -652 | -0 |
| Net profit | -7,927 | -1,154 | -812 | -249 | -2,895 |
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Balance sheet
DKK thousands| Item | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Total assets | 1,646 | 6,680 | 5,413 | 4,363 | 577 |
| Equity | -9,291 | -1,364 | -210 | -698 | -2,329 |
| Long-term debt | 10,509 | 7,564 | 5,159 | 4,644 | 2,799 |
| Short-term debt | 428 | 287 | 330 | 205 | 107 |
| Total debt | 10,937 | 7,850 | 5,490 | 4,849 | 2,906 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
<−999 %
20142018
Equity ratio
-564.3 %
Very weakAmong the 10% lowest rated companies in the industry
20142018
Return on equity
—
20142018
Net profit margin (of gross profit)
<−999 %
20142018
Asset turnover (of gross profit)
-0.13×
20142018
Debt / equity
—
20142018
Sector performance
17 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
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.
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 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 strong
Among the 20% highest 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 ratioStrong
Among the 30% highest 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 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.
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 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.
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.
Debt ratioVery weak
Among the 10% 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 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 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 coverageVery weak
Among the 20% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 10% lowest 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 10% 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 weak
Among the 20% lowest 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 2018Filed via CVR / Virk · Period 2017-07-01 – 2018-06-30
- Annual report 2017Filed via CVR / Virk · Period 2016-07-01 – 2017-06-30
- 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 2013-01-14 – 2014-06-30
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (2)
KJ Chief Executive Officer | Chief Executive Officer | 2018 – 2019 |
DA Chief Executive Officer | Chief Executive Officer | 2017 – 2018 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (8)
CB Chairman | Chairman | 2014 – 2018 |
KW Chairman | Chairman | 2018 – 2018 |
LB Board of Directors | Board of Directors | 2014 – 2016 |
TB Board of Directors | Board of Directors | 2013 – 2014 |
KJ Board of Directors | Board of Directors | 2017 – 2019 |
JE Chairman | Chairman | 2018 – 2019 |
JS Board of Directors | Board of Directors | 2016 – 2018 |
DW Chairman | Chairman | 2013 – 2014 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 20–24.99% | 20–24.99% | 2017 | |
| Company | 50–66.65% | 50–66.65% | 2016 | |
| Company | 25–33.32% | 25–33.32% | 2016 | |
| Company | 10–14.99% | 10–14.99% | 2016 |
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
Uddannelses- og Forskningsstyrelsen
GLOVAC ApS (this company)Board network connections
Board members of GLOVAC ApS also hold positions in 20 other companies.
| Person | Role here | Other companies |
|---|---|---|
| John Sohn Christensen | Board of Directors | 5 companies |
| Dennis Westergaard | Chairman | 5 companies |
| Kirsten Winther | Chairman | 3 companies |
| Jan Erik Vest Hansen | Chairman | 3 companies |
| Christian Bjerre Bojsen | Chairman | 2 companies |
| Dan Amming Hansen | Chief Executive Officer | 1 company |
| Torben Bloch Pedersen | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of GLOVAC ApS?
GLOVAC ApS is registered with CVR / Virk under CVR 35031669.
What is the gross profit of GLOVAC ApS?
GLOVAC ApS reported a gross profit of -DKK 217.3k in 2018.
How many employees does GLOVAC ApS have?
GLOVAC ApS employs 2 people as of the latest annual report.
Where is GLOVAC ApS headquartered?
GLOVAC ApS's registered address is Palle Juul-Jensens Boulevard 82.