Riskpilot← Back to searchSign inGet full accessSITPACK ApS is a Danish APS based in Hanstholm, operating in the Retail sale of furniture, lighting equipment, tableware and other household goods sector. Incorporated in 2014, the company has 2 employees and reported a gross profit of -DKK 725.1k in its latest annual filing.
| Gross profit | -0.7M DKK | +124% |
| EBITDA | -1.1M DKK | +2% |
| Net profit | -1.4M DKK | +44% |
| Total assets | 2.2M DKK | -33% |
| Equity | -4.4M DKK | -48% |
| Employees | 2 | — |
In its most recent annual report (2025), SITPACK ApS reported a gross profit of -DKK 725.1k. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 1.4m.
At the end of 2025, current assets covered short-term debt 0.6 times.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | -725 | -323 | 17,702 | 5,317 | 5,102 |
| Staff expenses | -394 | -816 | -509 | -531 | -1,029 |
| EBITDA | -1,119 | -1,140 | 3,148 | 1,069 | -301 |
| Depreciation & amort. | -285 | -454 | -348 | -515 | -801 |
| EBIT | -1,404 | -1,594 | 2,800 | 554 | -1,102 |
| Net financials | -22 | -958 | -331 | -219 | -112 |
| Profit before tax | -1,426 | -2,552 | 2,470 | 335 | -1,214 |
| Tax | -0 | -0 | 546 | 42 | -235 |
| Net profit | -1,426 | -2,552 | 1,924 | 293 | -979 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 2,233 | 3,352 | 5,277 | 4,793 | 6,154 |
| Equity | -4,408 | -2,982 | -454 | -2,378 | 2,375 |
| Long-term debt | 4,619 | 4,619 | 2,872 | 3,516 | 1,677 |
| Short-term debt | 2,022 | 1,715 | 2,859 | 3,656 | 2,102 |
| Total debt | 6,641 | 6,334 | 5,731 | 7,172 | 3,779 |
28 financial ratios from the latest filing, each graded against companies in the same industry.
Net profit as a percentage of total assets — the return generated on the capital employed.
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
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.
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.
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.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
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.
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 relative to short-term debt — the ability to repay short-term obligations with cash alone.
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 flow relative to profit — the ability to convert reported profits into accessible cash.
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.
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA relative to debt — how much operating earnings are available to service the debt.
The ability to pay the interest on the company's debt out of its earnings.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
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 relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
The size of this year's increase or decrease in the company's debt.
Revenue relative to total assets — the ability to generate revenue from the asset base.
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.
The size of this year's increase or decrease in the company's equity.
| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
SB Founder | Founder | 2014 |
NN Founder | Founder | 2014 |
JL Management | Management | 2014 |
TF Founder | Founder | 2014 |
| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
MH Board of Directors | Board of Directors | 2015 |
JL Board of Directors | Board of Directors | 2015 |
SØ Chairman | Chairman | 2017 – 2025 |
JS Chairman | Chairman | 2015 – 2017 |
EK Board of Directors | Board of Directors | 2015 – 2018 |
| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 50–66.65% | 50–66.65% | 2020 | |
| Company | 20–24.99% | 20–24.99% | 2020 | |
| Company | 10–14.99% | 10–14.99% | 2020 | |
| Company | 5–9.99% | 5–9.99% | 2020 | |
| Individual | 10–14.99% | 10–14.99% | 2014 | |
| Company | 5–9.99% | 5–9.99% | 2015 | |
| Individual | 50–66.65% | 50% | 2015 | |
| Individual | 5–9.99% | 5–9.99% | 2015 |
SITPACK ApS (this company)| Person | Role here | Other companies |
|---|---|---|
| Eric Korre Horten | Board of Directors | 9 companiesMany roles |
| Søren Ølund Friis | Chairman | 5 companies |
| John Sohn Christensen | Chairman | 5 companies |
| Jonas Lind-Bendixen | Management | 3 companies |
| Theo Fischer Ginman | Founder | 3 companies |
| Mads Holst | Board of Directors | 3 companies |
| Nikolaj Nissen Bak | Founder | 2 companies |
MADS HOLST ApS