VVS Tech Holding ApS

APSBankrupt

CVR 36708646Karlskogavej 16, 9200 Aalborg SVPlumbing, heat and air-conditioning installation· NACE 4322Est. 2015 · 11 years old5 employees

Overview

VVS Tech Holding ApS is a Danish APS based in Aalborg SV, operating in the Plumbing, heat and air-conditioning installation sector. Incorporated in 2015, the company has 5 employees and reported a gross profit of DKK 119.8k in its latest annual filing.

Gross profit 2016

0.1M DKK

−62% vs 2015

EBITDA margin (of gross profit)

100.4 %

+102% vs 2015

Net profit 2016

0.2M DKK

+24% vs 2015

Key ratios

See full ratios →

52.3 %

Strong

Among the 40% highest rated companies in the industry

20152016

4.6×

Very strong

Among the 10% highest rated companies in the industry

20152016

10.4 %

Average

Around the average of companies in the same industry

20152016

EBITDA — year on year

DKK thousands

Key figures

Annual report 2016

Gross profit	0.1M DKK	-62%
EBITDA	0.1M DKK	+102%
Net profit	0.2M DKK	+24%
Total assets	1.7M DKK	+54%
Equity	0.9M DKK	+296%
Employees	5	—

Financial development

In its most recent annual report (2016), VVS Tech Holding ApS reported a gross profit of DKK 119.8k, a decrease of 62% on the year before. The figures on this page draw on 2 annual filings covering 2015 to 2016. The bottom line showed a net profit of DKK 171.2k, and the EBITDA margin stood at 100.4%.

At the end of 2016, equity financed 52.3% of the balance sheet, and current assets covered short-term debt 4.6 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2016	2015
Gross profit	120	319
Staff expenses	-0	-273
EBITDA	120	60
Depreciation & amort.	67	7
EBIT	54	53
Net financials	124	88
Profit before tax	177	141
Tax	6	3
Net profit	171	138

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Balance sheet

DKK thousands

Item	2016	2015
Total assets	1,651	1,070
Equity	864	218
Long-term debt	658	745
Short-term debt	129	107
Total debt	787	852

Financial ratios

5-year trend

EBITDA margin (of gross profit)

100.4 %

20152016

Equity ratio

52.3 %

Strong

Among the 40% highest rated companies in the industry

20152016

Return on equity

19.8 %

Average

Around the average of companies in the same industry

20152016

Net profit margin (of gross profit)

142.9 %

20152016

Asset turnover (of gross profit)

0.07×

20152016

Debt / equity

0.91×

Average

Around the average of companies in the same industry

20152016

Sector performance

23 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on equity (ROE)Average

Around the average of companies in the same industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Average

Around the average of companies in the same industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Average

Around the average of companies in the same 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 40% 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 strong

Among the 20% 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.

Liquidity

Current ratioVery strong

Among the 10% 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 10% 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 ratioAverage

Around the average of companies in the same industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery strong

Among the 10% 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 capitalWeak

Among the 30% lowest 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 ratioVery weak

Among the 20% lowest 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 debtStrong

Among the 40% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtAverage

Around the average of companies in the same industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageWeak

Among the 40% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtVery weak

Among the 20% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginStrong

Among the 40% 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 capitalStrong

Among the 40% 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 equityVery strong

Among the 10% highest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtStrong

Among the 40% highest 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 2016
Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
View PDF
Annual report 2015
Filed via CVR / Virk · Period 2015-04-10 – 2015-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (1)


PM Peter Mogensen Management	Management	2015 – 2017

Board of directors

Non-executive oversight

Name	Role	Member since

Former (4)


JL Jan Lisberg Chairman	Chairman	2015 – 2017
PM Peter Mogensen Board of Directors	Board of Directors	2015 – 2017
WA Willy Andersen Board of Directors	Board of Directors	2017 – 2017
JR Jens Rye-Andersen Chairman	Chairman	2017 – 2017

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Pia Knudsen	Individual	33.33–49.99%	33.33–49.99%	2015
AFV 1 ApS af 15.05.2019	Company	100%	100%	2016
EJENDOMSSELSKABET J.P. INVEST ApS	Company	100%	100%	2015
VVS Tech Holding ApS	Company	50–66.65%	50–66.65%	2015