THE SET ApS

APSDissolved

CVR 35514910Vermundsgade 40B, 2100 København ØOther education n.e.c.· NACE 8559Est. 2013 · 12 years old1 employees

Overview

THE SET ApS is a Danish APS based in København Ø, operating in the Other education n.e.c. sector. Incorporated in 2013, the company has 1 employee and reported a gross profit of DKK 218.3k in its latest annual filing.

Gross profit 2017

218.3K DKK

−60% vs 2016

EBITDA margin (of gross profit)

18.2 %

−89% vs 2016

Net profit 2017

30.7K DKK

-87% vs 2016

Key ratios

See full ratios →

44.4 %

Average

Around the average of companies in the same industry

20142017

1.8×

Average

Around the average of companies in the same industry

20142017

4.8 %

Average

Around the average of companies in the same industry

20142017

EBITDA — year on year

DKK thousands

Key figures

Annual report 2017

Gross profit	218.3K DKK	-60%
EBITDA	39.8K DKK	-89%
Net profit	30.7K DKK	-87%
Total assets	633.8K DKK	-7%
Equity	281.3K DKK	-21%
Employees	1	—

Financial development

In its most recent annual report (2017), THE SET ApS reported a gross profit of DKK 218.3k, a decrease of 60% on the year before. The figures on this page draw on 4 annual filings covering 2014 to 2017. The bottom line showed a net profit of DKK 30.7k, and the EBITDA margin stood at 18.2%.

At the end of 2017, equity financed 44.4% of the balance sheet, and current assets covered short-term debt 1.8 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2017	2016	2015	2014
Gross profit	218	550	306	-16
Staff expenses	-66	-196	-104	-0
EBITDA	40	354	202	-16
Depreciation & amort.	-0	-42	-8	-3
EBIT	40	312	194	-19
Net financials	-0	-2	-2	-0
Profit before tax	39	310	192	-19
Tax	9	69	41	-0
Net profit	31	241	152	-19

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Balance sheet

DKK thousands

Item	2017	2016	2015	2014
Total assets	634	684	407	357
Equity	281	354	213	61
Long-term debt	0	0	0	0
Short-term debt	352	329	193	296
Total debt	352	329	193	296

Financial ratios

5-year trend

EBITDA margin (of gross profit)

18.2 %

20142017

Equity ratio

44.4 %

Average

Around the average of companies in the same industry

20142017

Return on equity

10.9 %

Average

Around the average of companies in the same industry

20142017

Net profit margin (of gross profit)

14.1 %

20142017

Asset turnover (of gross profit)

0.34×

20142017

Debt / equity

1.25×

Weak

Among the 40% lowest rated companies in the industry

20142017

Sector performance

23 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on equity (ROE)Average

Around the average of companies in the same industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Average

Around the average of companies in the same industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Average

Around the average of companies in the same 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)Average

Around the average of companies in the same industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioStrong

Among the 40% 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 ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 30% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityWeak

Among the 30% 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 ratioStrong

Among the 40% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioAverage

Around the average of companies in the same industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityWeak

Among the 40% 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 equityWeak

Among the 40% 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 debtAverage

Around the average of companies in the same industry

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

EBITDA to debtAverage

Around the average of companies in the same industry

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

Interest coverageVery strong

Among the 20% highest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtStrong

Among the 40% highest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginAverage

Around the average of companies in the same 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 capitalStrong

Among the 40% 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 equityWeak

Among the 30% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

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.

Annual reports & filings

Annual report 2017
Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
View PDF
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 2013-10-11 – 2014-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


MK Mathias Krog Holt Management	Management	2018 – 2018
KW Kenneth Wexiø Hansen Management	Management	2018 – 2018

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
M. HOLT HOLDING ApS	Company	50–66.65%	50–66.65%	2013
WEXIØ HOLDING ApS	Company	50–66.65%	50–66.65%	2013

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Related companies

Company hierarchy

M. HOLT HOLDING ApS50%

WEXIØ HOLDING ApS50%

THE SET ApS (this company)

Board network connections

Board members of THE SET ApS also hold positions in 9 other companies.

Person	Role here	Other companies
Kenneth Wexiø Hansen	Management	6 companiesMany roles
Mathias Krog Holt	Management	3 companies

Frequently asked questions

What is the CVR number of THE SET ApS?

THE SET ApS is registered with CVR / Virk under CVR 35514910.

What is the gross profit of THE SET ApS?

THE SET ApS reported a gross profit of DKK 218.3k in 2017.

How many employees does THE SET ApS have?

THE SET ApS employs 1 people as of the latest annual report.

Where is THE SET ApS headquartered?

THE SET ApS's registered address is Vermundsgade 40B, 3..