PILGRIM EXPORT ApS
APSDissolvedCVR 36063068Søtoften 8, 8660 SkanderborgWholesale of watches and jewellery· NACE 4648Est. 2014 · 12 years old94 employees
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Overview
PILGRIM EXPORT ApS is a Danish APS based in Skanderborg, operating in the Wholesale of watches and jewellery sector. Incorporated in 2014, the company has 94 employees and reported a gross profit of DKK 40.5m in its latest annual filing.
Gross profit 2021
40.5M DKK
−5% vs 2020
EBITDA margin (of gross profit)
14.2 %
−41% vs 2020
Net profit 2021
1.1M DKK
-67% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-12.9 %
Very weakAmong the 20% lowest rated companies in the industry
20172021
Liquidity ratioCurrent assets ÷ Short-term debt
0.8×
Very weakAmong the 20% lowest rated companies in the industry
20172021
Return on assets (ROA)Net profit ÷ Total assets × 100
1.3 %
AverageAround the average of companies in the same industry
20172021
EBITDA — year on year
DKK thousandsKey figures
Annual report 2021| Gross profit | 40.5M DKK | -5% |
| EBITDA | 5.8M DKK | -41% |
| Net profit | 1.1M DKK | -67% |
| Total assets | 82.2M DKK | +6% |
| Equity | -10.6M DKK | +9% |
| Employees | 94 | — |
Company information
Legal name
PILGRIM EXPORT ApS
CVR number
36063068
Legal form
Anpartsselskab
NACE code
Founded
13 August 2014 · 12 years
Share capital
DKK 50,000
Employees
94 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-09-30
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem, af to medlemmer af bestyrelsen eller af den samlede bestyrelse.
Address
Søtoften 8, 8660 Skanderborg
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Financial development
In its most recent annual report (2021), PILGRIM EXPORT ApS reported a gross profit of DKK 40.5m, a decrease of 5% on the year before. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net profit of DKK 1.1m, and the EBITDA margin stood at 14.2%.
At the end of 2021, current assets covered short-term debt 0.8 times.
Financials
Gross profit
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Gross profit | 40,540 | 42,581 | 39,070 | 28,215 | 32,135 |
| Staff expenses | -34,788 | -32,831 | -29,460 | -29,573 | -29,371 |
| EBITDA | 5,752 | 9,701 | 9,610 | -1,358 | 2,764 |
| Depreciation & amort. | -3,206 | -4,171 | -3,194 | -2,942 | -2,251 |
| EBIT | 2,546 | 5,530 | 6,416 | -4,300 | 513 |
| Net financials | -1,211 | -1,313 | -2,276 | -2,666 | -7,339 |
| Profit before tax | 1,335 | 4,217 | 4,140 | -6,966 | -6,826 |
| Tax | 231 | 907 | 901 | -1,492 | -168 |
| Net profit | 1,104 | 3,310 | 3,239 | -5,474 | -6,658 |
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Balance sheet
DKK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Total assets | 82,187 | 77,797 | 74,322 | 67,108 | 72,352 |
| Equity | -10,583 | -11,688 | -14,998 | -18,236 | -12,762 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 92,770 | 89,485 | 89,320 | 85,344 | 85,114 |
| Total debt | 92,770 | 89,485 | 89,320 | 85,344 | 85,114 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
14.2 %
20172021
Equity ratio
-12.9 %
Very weakAmong the 20% lowest rated companies in the industry
20172021
Return on equity
—
20172021
Net profit margin (of gross profit)
2.7 %
20172021
Asset turnover (of gross profit)
0.49×
20172021
Debt / equity
—
20172021
Sector performance
16 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
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.
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 ratioWeak
Among the 40% lowest 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.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Liquidity
Current ratioVery weak
Among the 20% 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 30% 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 40% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
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.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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.
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 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 debtAverage
Around the average of companies in the same 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.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Efficiency & development
Equity to contributed capitalVery weak
Among the 10% 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 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 2021Filed via CVR / Virk · Period 2020-10-01 – 2021-09-30
- Annual report 2020Filed via CVR / Virk · Period 2019-10-01 – 2020-09-30
- Annual report 2019Filed via CVR / Virk · Period 2018-10-01 – 2019-09-30
- Annual report 2018Filed via CVR / Virk · Period 2017-10-01 – 2018-09-30
- Annual report 2017Filed via CVR / Virk · Period 2016-10-01 – 2017-09-30
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (6)
LB Management | Management | 2014 – 2015 |
SC Management | Management | 2015 – 2023 |
JA Management | Management | 2015 – 2018 |
CW Management | Management | 2014 – 2015 |
AM Management | Management | 2015 – 2023 |
CS Management | Management | 2019 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (13)
LB Chairman | Chairman | 2014 – 2015 |
RB Board of Directors | Board of Directors | 2018 – 2021 |
SA Board of Directors | Board of Directors | 2015 – 2018 |
PK Board of Directors | Board of Directors | 2015 – 2018 |
JB Board of Directors | Board of Directors | 2014 – 2014 |
TR Board of Directors | Board of Directors | 2014 – 2015 |
HR Board of Directors | Board of Directors | 2015 – 2023 |
JF Board of Directors | Board of Directors | 2018 – 2021 |
AM Board of Directors | Board of Directors | 2014 – 2023 |
PL Chairman | Chairman | 2015 – 2021 |
SS Board of Directors | Board of Directors | 2018 – 2018 |
AH Chairman | Chairman | 2021 – 2023 |
MS Board of Directors | Board of Directors | 2014 – 2015 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2014 |
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
Pilgrim A/S
PILGRIM EXPORT ApS Board network connections
Board members of PILGRIM EXPORT ApS also hold positions in 188 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Andreas Haugstrup Hommelhoff | Chairman | 58 companiesMany roles |
| Jan Bruun Jørgensen | Board of Directors | 44 companiesMany roles |
| Lars Bonderup Bjørn | Management | 16 companiesMany roles |
| Michael Serup | Board of Directors | 13 companiesMany roles |
| Claus Wædeled | Management | 12 companiesMany roles |
| Per Kirchner | Board of Directors | 11 companiesMany roles |
| Søren Schriver | Board of Directors | 7 companiesMany roles |
| Per Lilholt | Chairman | 6 companiesMany roles |
| Annemette Markvad | Management | 5 companies |
| Rina Bro Hansen | Board of Directors | 4 companies |
| Hjalde Rud Markvad | Board of Directors | 4 companies |
| Thomas Rud Adamsen | Board of Directors | 2 companies |
| Jack Friis | Board of Directors | 2 companies |
| Søren Christensen | Management | 1 company |
| Jerome Alexandre Søe Rolland | Management | 1 company |
| Christian Schmidt Broe | Management | 1 company |
| Steen Albrechtslund | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of PILGRIM EXPORT ApS?
PILGRIM EXPORT ApS is registered with CVR / Virk under CVR 36063068.
What is the gross profit of PILGRIM EXPORT ApS?
PILGRIM EXPORT ApS reported a gross profit of DKK 40.5m in 2021.
How many employees does PILGRIM EXPORT ApS have?
PILGRIM EXPORT ApS employs 94 people as of the latest annual report.
Where is PILGRIM EXPORT ApS headquartered?
PILGRIM EXPORT ApS's registered address is Søtoften 8.