Northsea ApS
APSActiveAdvertising protectionCVR 36447141Søtorvet 5, 1371 København KOther financial service activities, except insurance and pension funding n.e.c.· NACE 6499Est. 2014 · 11 years old3 employees
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Overview
Northsea ApS is a Danish APS based in København K, operating in the Other financial service activities, except insurance and pension funding n.e.c. sector. Incorporated in 2014, the company has 3 employees and reported a gross profit of DKK 1.5m in its latest annual filing.
Gross profit 2025
1.5M DKK
−3256% vs 2024
EBITDA margin (of gross profit)
−34.0 %
−16% vs 2024
Net profit 2025
10.2M DKK
+2384% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-1.3 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.6×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
11.3 %
StrongAmong the 30% highest rated companies in the industry
20212025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Gross profit | 1.5M DKK | -3256% |
| EBITDA | -0.5M DKK | -16% |
| Net profit | 10.2M DKK | +2384% |
| Total assets | 90.2M DKK | +38% |
| Equity | -1.2M DKK | +90% |
| Employees | 3 | — |
Company information
Legal name
Northsea ApS
CVR number
36447141
Legal form
Anpartsselskab
Founded
27 November 2014 · 11 years
Share capital
DKK 50,000
Employees
3 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør.
Company purpose
Det er selskabets formål enten direkte eller gennem andre selskaber at drive investerings- og konsulentvirksomhed samt at investere i og drive fast ejendom til erhvervs- og landbrugsmæssige formål, herunder stutterivirksomhed og enhver form for aktivitet indenfor opdræt af heste. Endelig er det selskabets formål at udøve enhver anden hermed efter direktionens skøn naturlig forbunden virksomhed.
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Contact
Address
Søtorvet 5, 1371 København K
Phone
+45 5384 4081
Email
mih@ocean.io
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2025), Northsea ApS reported a gross profit of DKK 1.5m. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 10.2m, and the EBITDA margin stood at -34%.
At the end of 2025, current assets covered short-term debt 0.6 times.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Gross profit | 1,534 | -49 | 158 | -783 | 631 |
| Staff expenses | -0 | -0 | -0 | -12 | -0 |
| EBITDA | -522 | -450 | 158 | -795 | 631 |
| Depreciation & amort. | -0 | -0 | -1,319 | -0 | -0 |
| EBIT | -522 | -450 | -1,161 | -795 | 631 |
| Net financials | 10,714 | 4 | -7 | -78 | -126 |
| Profit before tax | 10,192 | -446 | -1,169 | -873 | 505 |
| Tax | -0 | -0 | -0 | -0 | 2 |
| Net profit | 10,192 | -446 | -1,169 | -873 | 503 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 90,214 | 65,379 | 48,936 | 39,811 | 6,659 |
| Equity | -1,164 | -11,356 | -10,909 | -9,741 | -8,541 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 91,378 | 76,735 | 59,845 | 49,552 | 15,200 |
| Total debt | 91,378 | 76,735 | 59,845 | 49,552 | 15,200 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
-34.0 %
20212025
Equity ratio
-1.3 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Return on equity
—
20212025
Net profit margin (of gross profit)
664.2 %
20212025
Asset turnover (of gross profit)
0.02×
20212025
Debt / equity
—
20212025
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)Strong
Among the 30% highest rated companies in the 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 ratioStrong
Among the 40% highest 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 ratioWeak
Among the 30% 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 30% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
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.
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 10% 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 10% 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 debtStrong
Among the 40% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 40% 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 20% 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.
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 debtWeak
Among the 30% 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 2025Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
MH Management | Management | 2015 |
SM Founder | Founder | 2014 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (3)
MH Board of Directors | Board of Directors | 2014 – 2015 |
SM Board of Directors | Board of Directors | 2014 – 2015 |
SA Board of Directors | Board of Directors | 2014 – 2015 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 100% | 100% | 2022 | |
| Company | 100% | 100% | 2018 | |
| Company | 100% | 100% | 2020 | |
| Individual | 100% | 100% | 2016 |
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
Ocean ApS
Northsea ApS Board network connections
Board members of Northsea ApS also hold positions in 3 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Stig Michael von Linstow | Founder | 2 companies |
| Michael Heiberg | Management | 1 company |
Frequently asked questions
What is the CVR number of Northsea ApS?
Northsea ApS is registered with CVR / Virk under CVR 36447141.
What is the gross profit of Northsea ApS?
Northsea ApS reported a gross profit of DKK 1.5m in 2025.
How many employees does Northsea ApS have?
Northsea ApS employs 3 people as of the latest annual report.
Where is Northsea ApS headquartered?
Northsea ApS's registered address is Søtorvet 5, 1. th.