Fusion af TB ApS

APSDissolved

CVR 36536306Lyngbyvej 2, 2100 København ØOther software publishing· NACE 5829Est. 2015 · 11 years old— employees

Overview

Fusion af TB ApS is a Danish APS based in København Ø, operating in the Other software publishing sector. Incorporated in 2015, the company reported a gross profit of DKK 73.0k in its latest annual filing.

Gross profit 2023

73K DKK

−45% vs 2022

EBITDA margin (of gross profit)

100.0 %

−45% vs 2022

Net profit 2023

58.6K DKK

-50% vs 2022

Key ratios

See full ratios →

59.6 %

Strong

Among the 40% highest rated companies in the industry

20192023

2.5×

Strong

Among the 40% highest rated companies in the industry

20192023

32.0 %

Very strong

Among the 20% highest rated companies in the industry

20192023

EBITDA — year on year

DKK thousands

Key figures

Annual report 2023

Gross profit	73K DKK	-45%
EBITDA	73K DKK	-45%
Net profit	58.6K DKK	-50%
Total assets	183.5K DKK	-72%
Equity	109.3K DKK	-82%
Employees	—	—

Financial development

In its most recent annual report (2023), Fusion af TB ApS reported a gross profit of DKK 73.0k, a decrease of 45% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net profit of DKK 58.6k, and the EBITDA margin stood at 100%.

At the end of 2023, equity financed 59.6% of the balance sheet, and current assets covered short-term debt 2.5 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2023	2022	2021	2020	2019
Gross profit	73	131	81	89	117
Staff expenses	-0	-0	-0	-0	-0
EBITDA	73	131	81	89	117
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	73	131	81	89	117
Net financials	2	5	2	-5	-2
Profit before tax	75	137	83	85	115
Tax	17	20	18	19	25
Net profit	59	117	65	66	90

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Balance sheet

DKK thousands

Item	2023	2022	2021	2020	2019
Total assets	184	664	534	579	497
Equity	109	601	484	419	353
Long-term debt	0	30	18	19	25
Short-term debt	74	33	33	142	119
Total debt	74	63	51	160	144

Financial ratios

5-year trend

EBITDA margin (of gross profit)

100.0 %

20192023

Equity ratio

59.6 %

Strong

Among the 40% highest rated companies in the industry

20192023

Return on equity

53.6 %

Very strong

Among the 20% highest rated companies in the industry

20192023

Net profit margin (of gross profit)

80.4 %

20192023

Asset turnover (of gross profit)

0.40×

20192023

Debt / equity

0.68×

Average

Around the average of companies in the same industry

20192023

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 20% 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 20% 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 20% 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 20% highest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

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.

Capacity ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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.

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 ratioStrong

Among the 30% 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 equityWeak

Among the 40% 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 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 ratioStrong

Among the 40% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioStrong

Among the 40% 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 ratioStrong

Among the 40% 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 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 20% 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 20% highest rated companies in the 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 marginStrong

Among the 30% 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 capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityVery weak

Among the 20% lowest rated companies in the 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 2023
Filed via CVR / Virk · Period 2022-07-01 – 2023-06-30
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-07-01 – 2022-06-30
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-07-01 – 2021-06-30
View PDF
Annual report 2020
Filed via CVR / Virk · Period 2019-07-01 – 2020-06-30
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2018-07-01 – 2019-06-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (1)


AT Anders Thue Pedersen Management	Management	2015 – 2024

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Clever Code ApS	Company	100%	100%	2015

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

Clever Code ApS100%

Fusion af TB ApS (this company)

Board network connections

Board members of Fusion af TB ApS also hold positions in 2 other companies.

Person	Role here	Other companies
Anders Thue Pedersen	Management	2 companies

Frequently asked questions

What is the CVR number of Fusion af TB ApS?

Fusion af TB ApS is registered with CVR / Virk under CVR 36536306.

What is the gross profit of Fusion af TB ApS?

Fusion af TB ApS reported a gross profit of DKK 73.0k in 2023.

Where is Fusion af TB ApS headquartered?

Fusion af TB ApS's registered address is Lyngbyvej 2.