CCE DEVELOPMENT ApS

APSIn liquidation

CVR 35049746Sundkrogsgade 25, 2150 NordhavnReal estate activities with own property and development of building projects· NACE 6810Est. 2013 · 13 years old0 employees

Overview

CCE DEVELOPMENT ApS is a Danish APS based in Nordhavn, operating in the Real estate activities with own property and development of building projects sector. Incorporated in 2013, the company has 0 employees and reported a gross profit of DKK 3.7m in its latest annual filing.

Gross profit 2016

3.7M DKK

+187% vs 2015

EBITDA margin (of gross profit)

97.0 %

+18630% vs 2015

Net profit 2016

2.5M DKK

+540% vs 2015

Key ratios

See full ratios →

35.1 %

Weak

Among the 30% lowest rated companies in the industry

20142016

1.5×

Weak

Among the 40% lowest rated companies in the industry

20142016

59.8 %

Very strong

Among the 10% highest rated companies in the industry

20142016

EBITDA — year on year

DKK thousands

Key figures

Annual report 2016

Gross profit	3.7M DKK	+187%
EBITDA	3.6M DKK	+18630%
Net profit	2.5M DKK	+540%
Total assets	4.3M DKK	+1171%
Equity	1.5M DKK	+242%
Employees	0	—

Financial development

In its most recent annual report (2016), CCE DEVELOPMENT ApS reported a gross profit of DKK 3.7m, an increase of 187% on the year before. The figures on this page draw on 4 annual filings covering 2014 to 2016. The bottom line showed a net profit of DKK 2.5m, and the EBITDA margin stood at 97%.

At the end of 2016, equity financed 35.1% of the balance sheet, and current assets covered short-term debt 1.5 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2016	2015	2014	2014
Gross profit	3,727	1,300	-1,298	4,145
Staff expenses	-112	-1,320	-678	-1,566
EBITDA	3,615	-20	-1,976	2,579
Depreciation & amort.	-0	-0	-0	-0
EBIT	3,615	-20	-1,976	2,579
Net financials	-496	-565	-196	-1,129
Profit before tax	3,119	-585	-2,172	1,450
Tax	570	-6	-531	364
Net profit	2,548	-579	-1,641	1,086

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Balance sheet

DKK thousands

Item	2016	2015	2014	2014
Total assets	4,262	335	23,437	18,549
Equity	1,494	-1,054	-475	1,166
Long-term debt	0	0	0	400
Short-term debt	2,768	1,389	23,912	16,983
Total debt	2,768	1,389	23,912	17,383

Financial ratios

5-year trend

EBITDA margin (of gross profit)

97.0 %

20142016

Equity ratio

35.1 %

Weak

Among the 30% lowest rated companies in the industry

20142016

Return on equity

170.6 %

Very strong

Among the 10% highest rated companies in the industry

20142016

Net profit margin (of gross profit)

68.4 %

20142016

Asset turnover (of gross profit)

0.87×

20142016

Debt / equity

1.85×

Very weak

Among the 20% lowest rated companies in the industry

20142016

Sector performance

22 of 28 ratios graded

28 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 ratioWeak

Among the 40% 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 ratioWeak

Among the 30% lowest 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 10% 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 ratioVery strong

Among the 10% 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 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 debtStrong

Among the 40% highest rated companies in the industry

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

EBITDA to debtVery strong

Among the 10% highest rated companies in the industry

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

Interest coverageVery strong

Among the 10% highest 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 20% 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 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 2016
Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
View PDF
Annual report 2015
Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
View PDF
Annual report 2014
Filed via CVR / Virk · Period 2014-07-01 – 2014-12-31
View PDF
Annual report 2014
Filed via CVR / Virk · Period 2013-02-28 – 2014-06-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


MC Mikkel Carstensen Management	Management	2013 – 2014
MR Morten Riise-Knudsen Liquidator	Liquidator	2017 – 2017
RC Rasmus Carstensen Management	Management	2014 – 2017