Hon Electronics IVS

IVSBankruptAdvertising protection

CVR 36424451Meterbuen 6, 2740 SkovlundeAnden forskning og eksperimentel udvikling inden for naturvidenskab og teknik· NACE 721900Est. 2014 · 11 years old1 employees

Overview

Hon Electronics IVS is a Danish IVS based in Skovlunde, operating in the Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik sector. Incorporated in 2014, the company has 1 employee and reported a gross profit of DKK 429.4k in its latest annual filing.

Gross profit 2019

429.4K DKK

−17% vs 2018

EBITDA margin (of gross profit)

28.1 %

+666% vs 2018

Net profit 2019

89.8K DKK

+23581% vs 2018

Key ratios

See full ratios →

32.7 %

Average

Around the average of companies in the same industry

20152019

1.2×

Strong

Among the 40% highest rated companies in the industry

20152019

33.7 %

Very strong

Among the 10% highest rated companies in the industry

20152019

EBITDA — year on year

DKK thousands

Key figures

Annual report 2019

Gross profit	429.4K DKK	-17%
EBITDA	120.8K DKK	+666%
Net profit	89.8K DKK	+23581%
Total assets	266K DKK	+133%
Equity	87K DKK	+3318%
Employees	1	—

Contact

Address

Meterbuen 6, 2740 Skovlunde

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2019), Hon Electronics IVS reported a gross profit of DKK 429.4k, a decrease of 17% on the year before. The figures on this page draw on 5 annual filings covering 2015 to 2019. The bottom line showed a net profit of DKK 89.8k, and the EBITDA margin stood at 28.1%.

At the end of 2019, equity financed 32.7% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2019	2018	2017	2016	2015
Revenue	429	520	203	-1	1
Staff expenses	-309	-451	-200	-0	-0
EBITDA	121	16	-3	-1	1
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	121	16	-3	-1	1
Net financials	-5	-12	-0	-0	-0
Profit before tax	115	4	-3	-1	1
Tax	26	3	-0	-0	0
Net profit	90	0	-3	-1	1

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Balance sheet

DKK thousands

Item	2019	2018	2017	2016	2015
Total assets	266	114	32	9	9
Equity	87	-3	-3	0	2
Long-term debt	0	0	0	0	0
Short-term debt	176	117	35	9	7
Total debt	176	117	35	9	7

Financial ratios

5-year trend

EBITDA margin

28.1 %

20152019

Equity ratio

32.7 %

Average

Around the average of companies in the same industry

20152019

Return on equity

103.1 %

Very strong

Among the 10% highest rated companies in the industry

20152019

Net profit margin

20.9 %

20152019

Asset turnover

1.61×

20152019

Debt / equity

2.06×

Average

Around the average of companies in the same industry

20152019

Sector performance

22 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 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 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.

Liquidity

Current ratioStrong

Among the 40% 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 ratioStrong

Among the 40% 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 equityVery weak

Among the 10% 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 20% 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 ratioAverage

Around the average of companies in the same 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 strong

Among the 20% 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 coverageVery strong

Among the 10% highest 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 40% 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

Equity to contributed capitalVery strong

Among the 20% 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 debtVery weak

Among the 10% 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.

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 2019
Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
View PDF
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 2014-10-24 – 2015-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (4)


HM Henrik Møller Management	Management	2017 – 2019
UØ Ulf Øvre Nielsen Founder	Founder	2014 – 2022
OL Ole Lund Christensen Management	Management	2019 – 2021
HS Henrik Selchau Poulsen Liquidator	Liquidator	2021 – 2021

Board of directors

Non-executive oversight

Name	Role	Member since

Former (1)


HM Henrik Møller Board of Directors	Board of Directors	2019 – 2021

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Henrik Møller	Individual	33.33–49.99%	33.33–49.99%	2014
Ulf Øvre Nielsen	Individual	33.33–49.99%	33.33–49.99%	2014
Ole Lund Christensen	Individual	33.33–49.99%	33.33–49.99%	2014

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Hon Electronics IVS also hold positions in 57 other companies.

Person	Role here	Other companies
Henrik Selchau Poulsen	Liquidator	54 companiesMany roles
Henrik Møller	Management	1 company
Ulf Øvre Nielsen	Founder	1 company
Ole Lund Christensen	Management	1 company

Frequently asked questions

What is the CVR number of Hon Electronics IVS?

Hon Electronics IVS is registered with CVR / Virk under CVR 36424451.

What is the gross profit of Hon Electronics IVS?

Hon Electronics IVS reported a gross profit of DKK 429.4k in 2019.

How many employees does Hon Electronics IVS have?

Hon Electronics IVS employs 1 people as of the latest annual report.

Where is Hon Electronics IVS headquartered?

Hon Electronics IVS's registered address is Meterbuen 6 4g.