Secondcity A/S
A/SIn liquidationAdvertising protectionCVR 36074728Mindegade 13, 8000 Aarhus CEngineering activities and related technical consultancy· NACE 7112Est. 2014 · 12 years old1 employees
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Overview
Secondcity A/S is a Danish A/S based in Aarhus C, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2014, the company has 1 employee and reported a gross profit of -DKK 10.0k in its latest annual filing.
Gross profit 2020
-10K DKK
+6% vs 2019
EBITDA margin (of gross profit)
130.1 %
−38% vs 2019
Net profit 2020
-14.2K DKK
-43% vs 2019
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
93.7 %
Very strongAmong the 20% highest rated companies in the industry
20162020
Liquidity ratioCurrent assets ÷ Short-term debt
15.9×
Very strongAmong the 20% highest rated companies in the industry
20162020
Return on assets (ROA)Net profit ÷ Total assets × 100
-3.0 %
WeakAmong the 30% lowest rated companies in the industry
20162020
EBITDA — year on year
DKK thousandsKey figures
Annual report 2020| Gross profit | -10K DKK | +6% |
| EBITDA | -13K DKK | -38% |
| Net profit | -14.2K DKK | -43% |
| Total assets | 476.5K DKK | -2% |
| Equity | 446.5K DKK | -3% |
| Employees | 1 | — |
Company information
Legal name
SECONDCITY A/S
CVR number
36074728
Legal form
Aktieselskab
NACE code
Founded
25 August 2014 · 12 years
Share capital
DKK 500,000
Employees
1 (FTE)
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Signatory rights
Virksomheden tegnes af en likvidator
Contact
Address
Mindegade 13, 8000 Aarhus C
Advertising protection
Active — opted out of marketing use
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2020), Secondcity A/S reported a gross profit of -DKK 10.0k. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net loss of DKK 14.2k.
At the end of 2020, equity financed 93.7% of the balance sheet, and current assets covered short-term debt 15.9 times.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Gross profit | -10 | -9 | 8 | 14 | 205 |
| Staff expenses | -3 | -0 | -0 | -0 | -310 |
| EBITDA | -13 | -9 | 8 | 14 | -105 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -13 | -9 | 8 | 14 | -105 |
| Net financials | -1 | -1 | 0 | -1 | -0 |
| Profit before tax | -14 | -10 | 8 | 15 | -105 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -14 | -10 | 8 | 15 | -105 |
Balance sheet
DKK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Total assets | 476 | 487 | 511 | 503 | 488 |
| Equity | 447 | 461 | 471 | 463 | 448 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 30 | 26 | 40 | 40 | 40 |
| Total debt | 30 | 26 | 40 | 40 | 40 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
<−999 %
20162020
Equity ratio
93.7 %
Very strongAmong the 20% highest rated companies in the industry
20162020
Return on equity
-3.2 %
WeakAmong the 30% lowest rated companies in the industry
20162020
Net profit margin (of gross profit)
<−999 %
20162020
Asset turnover (of gross profit)
-0.02×
20162020
Debt / equity
0.07×
Very strongAmong the 20% highest rated companies in the industry
20162020
Sector performance
23 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Weak
Among the 30% 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)Weak
Among the 30% 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)Weak
Among the 30% 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)Weak
Among the 30% lowest 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 weak
Among the 10% 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.
Liquidity
Current ratioVery strong
Among the 20% highest 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 strong
Among the 20% highest 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 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 equityStrong
Among the 40% 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 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 40% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery strong
Among the 20% 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 ratioVery strong
Among the 20% 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 equityVery strong
Among the 20% 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 equityVery strong
Among the 20% 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 weak
Among the 20% 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 20% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery weak
Among the 20% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 40% 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.
Efficiency & development
Equity to contributed capitalWeak
Among the 30% 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 equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% 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.
Annual reports & filings
- Annual report 2020Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (2)
AM Chief Executive Officer | Chief Executive Officer | 2017 – 2021 |
TK Chief Executive Officer | Chief Executive Officer | 2014 – 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (5)
AM Chairman | Chairman | 2014 – 2016 |
TB Board of Directors | Board of Directors | 2016 – 2021 |
MH Chairman | Chairman | 2017 – 2021 |
HØ Board of Directors | Board of Directors | 2014 – 2016 |
TK | Chairman | 2017 – 2017 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 50–66.65% | 50–66.65% | 2017 | |
| Company | 100% | 100% | 2017 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Related companies
Company hierarchy
Secondcity ApS
Secondcity A/S Board network connections
Board members of Secondcity A/S also hold positions in 13 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Helle Østegaard Kristiansen | Board of Directors | 7 companiesMany roles |
| Morten Holst Boye | Chairman | 4 companies |
| Anne Mette Boye | Chief Executive Officer | 1 company |
| Trine Katrine Ribergaard Skammelsen | Chief Executive Officer | 1 company |
Frequently asked questions
What is the CVR number of Secondcity A/S?
Secondcity A/S is registered with CVR / Virk under CVR 36074728.
What is the gross profit of Secondcity A/S?
Secondcity A/S reported a gross profit of -DKK 10.0k in 2020.
How many employees does Secondcity A/S have?
Secondcity A/S employs 1 people as of the latest annual report.
Where is Secondcity A/S headquartered?
Secondcity A/S's registered address is Mindegade 13, 3..