RED CITY BUSES DENMARK ApS
APSActiveAdvertising protectionCVR 35043349Vasbygade 18, 2450 København SVScheduled passenger transport by road· NACE 4931Est. 2013 · 13 years old22 employees
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Overview
RED CITY BUSES DENMARK ApS is a Danish APS based in København SV, operating in the Scheduled passenger transport by road sector. Incorporated in 2013, the company has 22 employees and reported a gross profit of DKK 15.8m in its latest annual filing.
Gross profit 2025
15.8M DKK
+2% vs 2024
EBITDA margin (of gross profit)
58.4 %
+10% vs 2024
Net profit 2025
11.8M DKK
+2433% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
21.2 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
4.6×
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
69.8 %
Very strongAmong the 10% highest rated companies in the industry
20212025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Gross profit | 15.8M DKK | +2% |
| EBITDA | 9.2M DKK | +10% |
| Net profit | 11.8M DKK | +2433% |
| Total assets | 16.9M DKK | +73% |
| Equity | 3.6M DKK | +144% |
| Employees | 22 | — |
Company information
Legal name
RED CITY BUSES DENMARK ApS
CVR number
35043349
Legal form
Anpartsselskab
NACE code
Founded
18 February 2013 · 13 years
Share capital
DKK 1,200,100
Employees
22 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af direktøren alene eller af den samlede bestyrelse.
Company purpose
Selskabets formål er turistkørsel, særlig rutekørsel og anden hermed beslægtet virksomhed.
(no translation available)
Contact
Address
Vasbygade 18, 2450 København SV
Email
frank.keijzer@tourismgroup.com
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2025), RED CITY BUSES DENMARK ApS reported a gross profit of DKK 15.8m, an increase of 2% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 11.8m, and the EBITDA margin stood at 58.4%.
At the end of 2025, equity financed 21.2% of the balance sheet, and current assets covered short-term debt 4.6 times.
Financials
Gross profit
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Gross profit | 15,761 | 15,394 | 9,692 | 4,027 | 2,889 |
| Staff expenses | -6,555 | -6,530 | -8,339 | -0 | -0 |
| EBITDA | 9,206 | 8,338 | 1,353 | 141 | -2,102 |
| Depreciation & amort. | -779 | -842 | -947 | -0 | -0 |
| EBIT | 8,427 | 7,496 | 406 | 141 | -2,102 |
| Net financials | 4,686 | -7,875 | 347 | 415 | -2,728 |
| Profit before tax | 13,554 | 81 | 1,193 | 556 | -4,830 |
| Tax | 1,747 | 587 | 1,127 | 41 | -383 |
| Net profit | 11,807 | -506 | 66 | 515 | -4,447 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 16,924 | 9,770 | 9,536 | 8,419 | 7,766 |
| Equity | 3,589 | -8,218 | -7,712 | -7,778 | -8,293 |
| Long-term debt | 10,151 | 9,668 | 9,207 | 8,768 | 8,745 |
| Short-term debt | 2,945 | 3,046 | 3,584 | 1,555 | 1,198 |
| Total debt | 13,097 | 12,714 | 12,791 | 10,323 | 9,943 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
58.4 %
20212025
Equity ratio
21.2 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
329.0 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Net profit margin (of gross profit)
74.9 %
20212025
Asset turnover (of gross profit)
0.93×
20212025
Debt / equity
3.72×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Sector performance
22 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Very strong
Among the 10% highest 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 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)Very strong
Among the 10% highest 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 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 ratioVery strong
Among the 10% highest 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.
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 ratioVery strong
Among the 20% 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 ratioAverage
Around the average of companies in the same 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 capitalStrong
Among the 40% 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 ratioWeak
Among the 30% lowest 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 30% 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 ratioWeak
Among the 30% 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.
Debt to equityVery weak
Among the 20% 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 equityVery weak
Among the 20% 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 strong
Among the 20% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 30% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
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 40% 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.
Efficiency & development
Equity to contributed capitalAverage
Around the average of companies in the same industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in debtAverage
Around the average of companies in the same 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 2025Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
HH Founder | Founder | 2013 |
HJ Management | Management | 2024 |
Former (2)
MD Management | Management | 2013 – 2014 |
CM Chief Executive Officer | Chief Executive Officer | 2014 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
FK Board of Directors | Board of Directors | 2024 |
JH Chairman | Chairman | 2019 |
HJ Board of Directors | Board of Directors | 2024 |
Former (11)
AJ Chairman | Chairman | 2019 – 2019 |
MD Chairman | Chairman | 2015 – 2019 |
RA Board of Directors | Board of Directors | 2013 – 2014 |
QL Chairman | Chairman | 2019 – 2019 |
PF Board of Directors | Board of Directors | 2015 – 2017 |
CM Board of Directors | Board of Directors | 2015 – 2024 |
EH Board of Directors | Board of Directors | 2013 – 2014 |
RE Board of Directors | Board of Directors | 2013 – 2014 |
CM Board of Directors | Board of Directors | 2013 – 2015 |
PO Board of Directors | Board of Directors | 2014 – 2017 |
VC Board of Directors | Board of Directors | 2015 – 2016 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 | |
| Company | 100% | 100% | 2015 |
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
Enticon Copenhagen ApS
RED CITY BUSES DENMARK ApS Board network connections
Board members of RED CITY BUSES DENMARK ApS also hold positions in 39 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Hans Henrik Skjødt | Founder | 11 companiesMany roles |
| Poul Otto Anchersen Rasmussen | Board of Directors | 10 companiesMany roles |
| Preben Fock Paaske | Board of Directors | 8 companiesMany roles |
| Harold Jörgen Kluit | Management | 5 companies |
| Claus Marius Anchersen | Chief Executive Officer | 3 companies |
| Ragnar Axel Söderberg | Board of Directors | 1 company |
| Jan Hendrik Philip | Chairman | 1 company |
Frequently asked questions
What is the CVR number of RED CITY BUSES DENMARK ApS?
RED CITY BUSES DENMARK ApS is registered with CVR / Virk under CVR 35043349.
What is the gross profit of RED CITY BUSES DENMARK ApS?
RED CITY BUSES DENMARK ApS reported a gross profit of DKK 15.8m in 2025.
How many employees does RED CITY BUSES DENMARK ApS have?
RED CITY BUSES DENMARK ApS employs 22 people as of the latest annual report.
Who is the chairman of RED CITY BUSES DENMARK ApS?
Jan Hendrik Philip chairs the board of RED CITY BUSES DENMARK ApS, in role since 2019.
Where is RED CITY BUSES DENMARK ApS headquartered?
RED CITY BUSES DENMARK ApS's registered address is Vasbygade 18.