FONVAD VINDMØLLEUDVIKLING ApS

Q: What is the CVR number of FONVAD VINDMØLLEUDVIKLING ApS?

FONVAD VINDMØLLEUDVIKLING ApS is registered with CVR / Virk under CVR 36031875.

Q: Where is FONVAD VINDMØLLEUDVIKLING ApS headquartered?

FONVAD VINDMØLLEUDVIKLING ApS's registered address is Helstrupvej 43.

APSDissolved

CVR 36031875Helstrupvej 43, 7400 HerningConstruction of other civil engineering projects n.e.c.· NACE 4299Est. 2014 · 12 years old— employees

Overview

FONVAD VINDMØLLEUDVIKLING ApS is a Danish APS based in Herning, operating in the Construction of other civil engineering projects n.e.c. sector. Incorporated in 2014, the company reported a gross profit of -DKK 4.1k in its latest annual filing.

Gross profit 2019

-4.1K DKK

−9% vs 2018

EBITDA margin (of gross profit)

100.0 %

+9% vs 2018

Net profit 2019

-4.1K DKK

+9% vs 2018

Key ratios

See full ratios →

40.4 %

Average

Around the average of companies in the same industry

20152019

1.7×

Average

Around the average of companies in the same industry

20152019

-27.2 %

Very weak

Among the 20% lowest rated companies in the industry

20152019

EBITDA — year on year

DKK thousands

Key figures

Annual report 2019

Gross profit	-4.1K DKK	-9%
EBITDA	-4.1K DKK	+9%
Net profit	-4.1K DKK	+9%
Total assets	15.3K DKK	-21%
Equity	6.2K DKK	-40%
Employees	—	—

Financial development

In its most recent annual report (2019), FONVAD VINDMØLLEUDVIKLING ApS reported a gross profit of -DKK 4.1k. The figures on this page draw on 5 annual filings covering 2015 to 2019. The bottom line showed a net loss of DKK 4.1k.

At the end of 2019, equity financed 40.4% of the balance sheet, and current assets covered short-term debt 1.7 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2019	2018	2017	2016	2015
Gross profit	-4	-5	-6	-13	-55
Staff expenses	-0	-0	-0	-0	-0
EBITDA	-4	-5	-6	-13	-55
Depreciation & amort.	-0	-0	-0	-0	-810
EBIT	-4	-5	-6	-13	-864
Net financials	0	0	0	-1	0
Profit before tax	-4	-5	-6	-14	-864
Tax	-0	-0	-0	-0	-0
Net profit	-4	-5	-6	-14	-864

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Balance sheet

DKK thousands

Item	2019	2018	2017	2016	2015
Total assets	15	19	24	30	44
Equity	6	10	15	21	36
Long-term debt	0	0	0	0	0
Short-term debt	9	9	9	9	9
Total debt	9	9	9	9	9

Financial ratios

5-year trend

EBITDA margin (of gross profit)

<−999 %

20152019

Equity ratio

40.4 %

Average

Around the average of companies in the same industry

20152019

Return on equity

-67.3 %

Very weak

Among the 10% lowest rated companies in the industry

20152019

Net profit margin (of gross profit)

<−999 %

20152019

Asset turnover (of gross profit)

-0.27×

20152019

Debt / equity

1.48×

Average

Around the average of companies in the same industry

20152019

Sector performance

21 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 weak

Among the 10% lowest 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 weak

Among the 20% lowest 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 weak

Among the 10% lowest 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 weak

Among the 20% lowest rated companies in the industry

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

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.

Capacity ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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 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 ratioVery strong

Among the 20% 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 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 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 equityAverage

Around the average of companies in the same industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityAverage

Around the average of companies in the same industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

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 debtVery weak

Among the 10% lowest rated companies in the industry

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

Interest rate on debtVery strong

Among the 10% highest 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 20% 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.

Interest coverageNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

Efficiency & development

Equity to contributed capitalVery weak

Among the 20% 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 equityVery weak

Among the 20% 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 2019
Filed via CVR / Virk · Period 2018-10-01 – 2019-09-30
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2017-10-01 – 2018-09-30
View PDF
Annual report 2017
Filed via CVR / Virk · Period 2016-10-01 – 2017-09-30
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2015-10-01 – 2016-09-30
View PDF
Annual report 2015
Filed via CVR / Virk · Period 2014-07-02 – 2015-09-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


BK Benny Kirkegaard Management	Management	2014 – 2020
EF Erik Fiedler Jensen Management	Management	2014 – 2020

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Benny Kirkegaard	Individual	15–19.99%	15–19.99%	2014
Erik Fiedler Jensen	Individual	100%	100%	2014

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of FONVAD VINDMØLLEUDVIKLING ApS also hold positions in 2 other companies.

Person	Role here	Other companies
Benny Kirkegaard	Management	1 company
Erik Fiedler Jensen	Management	1 company

Frequently asked questions

What is the CVR number of FONVAD VINDMØLLEUDVIKLING ApS?

FONVAD VINDMØLLEUDVIKLING ApS is registered with CVR / Virk under CVR 36031875.

What is the gross profit of FONVAD VINDMØLLEUDVIKLING ApS?

FONVAD VINDMØLLEUDVIKLING ApS reported a gross profit of -DKK 4.1k in 2019.

Where is FONVAD VINDMØLLEUDVIKLING ApS headquartered?

FONVAD VINDMØLLEUDVIKLING ApS's registered address is Helstrupvej 43.