Corro IVS
IVSDissolvedAdvertising protectionCVR 36894458Ringkøbingvej 24, 8000 Aarhus CComputerprogrammering· NACE 620100Est. 2015 · 11 years old2 employees
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Overview
Corro IVS is a Danish IVS based in Aarhus C, operating in the Computerprogrammering sector. Incorporated in 2015, the company has 2 employees and reported revenue of DKK 139.2k in its latest annual filing.
Revenue 2017
139.2K DKK
−1854% vs 2016
EBITDA margin
22.4 %
+168% vs 2016
Net profit 2017
25.9K DKK
+157% vs 2016
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-808.9 %
Very weakAmong the 10% lowest rated companies in the industry
20162017
Liquidity ratioCurrent assets ÷ Short-term debt
0.1×
Very weakAmong the 10% lowest rated companies in the industry
20162017
Return on assets (ROA)Net profit ÷ Total assets × 100
>999 %
Very strongAmong the 10% highest rated companies in the industry
20162017
EBITDA — year on year
DKK thousandsKey figures
Annual report 2017| Revenue | 139.2K DKK | -1854% |
| EBITDA | 31.1K DKK | +168% |
| Net profit | 25.9K DKK | +157% |
| Total assets | 2.2K DKK | +13% |
| Equity | -17.5K DKK | +60% |
| Employees | 2 | — |
Company information
Legal name
Corro IVS
CVR number
36894458
Legal form
Iværksætterselskab
NACE code
620100 · Computerprogrammering
Founded
14 May 2015 · 11 years
Share capital
DKK 2,400
Employees
2 (FTE)
VAT registered
No
Audit selected
No
Last report
2017-06-30
Financial year
January – December
Signatory rights
Virksomheden tegnes af direktionen
Contact
Address
Ringkøbingvej 24, 8000 Aarhus C
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2017), Corro IVS reported revenue of DKK 139.2k. The figures on this page draw on 2 annual filings covering 2016 to 2017. The bottom line showed a net profit of DKK 25.9k, and the EBITDA margin stood at 22.4%.
At the end of 2017, current assets covered short-term debt 0.1 times.
Financials
Revenue
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2017 | 2016 |
|---|---|---|
| Revenue | 139 | -8 |
| Staff expenses | -75 | -0 |
| EBITDA | 31 | -46 |
| Depreciation & amort. | -5 | -0 |
| EBIT | 26 | -46 |
| Net financials | 0 | 0 |
| Profit before tax | 26 | -46 |
| Tax | -0 | -0 |
| Net profit | 26 | -46 |
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Balance sheet
DKK thousands| Item | 2017 | 2016 |
|---|---|---|
| Total assets | 2 | 2 |
| Equity | -17 | -43 |
| Long-term debt | 0 | 0 |
| Short-term debt | 20 | 45 |
| Total debt | 20 | 45 |
Financial ratios
5-year trendEBITDA margin
22.4 %
20162017
Equity ratio
-808.9 %
Very weakAmong the 10% lowest rated companies in the industry
20162017
Return on equity
—
20162017
Net profit margin
18.6 %
StrongAmong the 30% highest rated companies in the industry
20162017
Asset turnover
64.44×
Very strongAmong the 10% highest rated companies in the industry
20162017
Debt / equity
—
20162017
Sector performance
19 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginStrong
Among the 30% highest rated companies in the industry
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 marginStrong
Among the 30% highest rated companies in the industry
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 marginStrong
Among the 30% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
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.
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 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.
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 ratioVery weak
Among the 10% 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 ratioVery weak
Among the 10% 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 ratioAverage
Around the average of companies in the same 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 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 rate on debtVery strong
Among the 10% highest 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.
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.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Efficiency & development
Asset turnoverVery strong
Among the 10% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
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 debtVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (3)
AG Management | Management | 2015 – 2018 |
MD Chief Executive Officer | Chief Executive Officer | 2016 – 2018 |
JE Management | Management | 2015 – 2018 |
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 33.33–49.99% | 33.33–49.99% | 2015 | |
| Company | 33.33–49.99% | 33.33–49.99% | 2015 | |
| Company | 33.33–49.99% | 33.33–49.99% | 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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Company hierarchy
Ares ApS
Corro IVS Board network connections
Board members of Corro IVS also hold positions in 2 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Mikkel Dahl Bertelsen | Chief Executive Officer | 1 company |
| Jens Erik Munk Krogsgaard | Management | 1 company |
Frequently asked questions
What is the CVR number of Corro IVS?
Corro IVS is registered with CVR / Virk under CVR 36894458.
What is the revenue of Corro IVS?
Corro IVS reported revenue of DKK 139.2k in 2017.
How many employees does Corro IVS have?
Corro IVS employs 2 people as of the latest annual report.
Where is Corro IVS headquartered?
Corro IVS's registered address is Ringkøbingvej 24, 1. th.