GSN DEVELOPMENT ApS
APSBankruptAdvertising protectionCVR 35480447Ellekær 5G, 2730 HerlevPlumbing, heat and air-conditioning installation· NACE 4322Est. 2013 · 13 years old— employees
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Overview
GSN DEVELOPMENT ApS is a Danish APS based in Herlev, operating in the Plumbing, heat and air-conditioning installation sector. Incorporated in 2013, the company reported revenue of DKK 2.0m in its latest annual filing.
Revenue 2015
2M DKK
EBITDA margin
89.7 %
Net profit 2015
1.4M DKK
+1851% vs 2014
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
60.7 %
StrongAmong the 30% highest rated companies in the industry
20142015
Liquidity ratioCurrent assets ÷ Short-term debt
1.0×
WeakAmong the 30% lowest rated companies in the industry
20142015
Return on assets (ROA)Net profit ÷ Total assets × 100
57.4 %
Very strongAmong the 10% highest rated companies in the industry
20142015
EBITDA — year on year
DKK thousandsKey figures
Annual report 2015| Revenue | 2M DKK | — |
| EBITDA | 1.8M DKK | — |
| Net profit | 1.4M DKK | +1851% |
| Total assets | 2.4M DKK | — |
| Equity | 1.5M DKK | — |
| Employees | — | — |
Company information
Legal name
GSN DEVELOPMENT ApS
CVR number
35480447
Legal form
Anpartsselskab
NACE code
Founded
20 September 2013 · 13 years
Share capital
DKK 80,000
Employees
—
VAT registered
No
Audit selected
No
Last report
2015-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af én direktør.
Contact
Address
Ellekær 5G, 2730 Herlev
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2015), GSN DEVELOPMENT ApS reported revenue of DKK 2.0m. The figures on this page draw on 2 annual filings covering 2014 to 2015. The bottom line showed a net profit of DKK 1.4m, and the EBITDA margin stood at 89.7%.
At the end of 2015, equity financed 60.7% of the balance sheet, and current assets covered short-term debt 1 times.
Financials
Revenue
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2015 | 2014 |
|---|---|---|
| Revenue | 1,970 | 0 |
| Staff expenses | -470 | -0 |
| EBITDA | 1,766 | 0 |
| Depreciation & amort. | -56 | -0 |
| EBIT | 1,710 | 0 |
| Net financials | -140 | -80 |
| Profit before tax | 1,571 | -80 |
| Tax | 170 | -0 |
| Net profit | 1,401 | -80 |
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Balance sheet
DKK thousands| Item | 2015 | 2014 |
|---|---|---|
| Total assets | 2,440 | 0 |
| Equity | 1,481 | 0 |
| Long-term debt | 0 | 0 |
| Short-term debt | 959 | 0 |
| Total debt | 959 | 0 |
Financial ratios
5-year trendEBITDA margin
89.7 %
20142015
Equity ratio
60.7 %
StrongAmong the 30% highest rated companies in the industry
20142015
Return on equity
94.6 %
Very strongAmong the 10% highest rated companies in the industry
20142015
Net profit margin
71.1 %
Very strongAmong the 10% highest rated companies in the industry
20142015
Asset turnover
0.81×
WeakAmong the 40% lowest rated companies in the industry
20142015
Debt / equity
0.65×
StrongAmong the 40% highest rated companies in the industry
20142015
Sector performance
26 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery strong
Among the 10% highest 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 strong
Among the 10% highest 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 strong
Among the 10% highest 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 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.
Liquidity
Current ratioWeak
Among the 30% 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 ratioVery weak
Among the 20% 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 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 strong
Among the 10% highest 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 weak
Among the 20% lowest 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 40% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 30% highest 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 ratioStrong
Among the 30% highest 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 equityStrong
Among the 40% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 40% highest 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 10% 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 coverageAverage
Around the average of companies in the same 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 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
Asset turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery strong
Among the 20% highest rated companies in the industry
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.
Equity to contributed capitalStrong
Among the 30% highest 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 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.
One-year change in debtNot 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 debt.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (5)
KH Chief Executive Officer | Chief Executive Officer | 2016 – 2016 |
BN Management | Management | 2015 – 2016 |
LU Chief Executive Officer | Chief Executive Officer | 2016 – 2017 |
HB Chief Executive Officer | Chief Executive Officer | 2013 – 2014 |
SE Chief Executive Officer | Chief Executive Officer | 2014 – 2015 |
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2014 |
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Company hierarchy
DBO MEDIA ApS
GSN DEVELOPMENT ApS Board network connections
Board members of GSN DEVELOPMENT ApS also hold positions in 4 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Sven Erik Højstrup Christensen | Chief Executive Officer | 3 companies |
| Lars Uhrskov Sølling | Chief Executive Officer | 1 company |
Frequently asked questions
What is the CVR number of GSN DEVELOPMENT ApS?
GSN DEVELOPMENT ApS is registered with CVR / Virk under CVR 35480447.
What is the revenue of GSN DEVELOPMENT ApS?
GSN DEVELOPMENT ApS reported revenue of DKK 2.0m in 2015.
Where is GSN DEVELOPMENT ApS headquartered?
GSN DEVELOPMENT ApS's registered address is Ellekær 5G.