IoT Solution A/S

A/SBankruptAdvertising protection

CVR 37061603Gladsaxevej 376, 2860 SøborgTelecommunication reselling activities and intermediation service activities for telecommunication· NACE 6120Est. 2015 · 11 years old— employees

Overview

IoT Solution A/S is a Danish A/S based in Søborg, operating in the Telecommunication reselling activities and intermediation service activities for telecommunication sector. Incorporated in 2015, the company reported a gross profit of -DKK 702 in its latest annual filing.

Gross profit 2020

-0.7K DKK

−89% vs 2019

EBITDA margin (of gross profit)

100.0 %

+89% vs 2019

Net profit 2020

3.6K DKK

+395% vs 2019

Key ratios

See full ratios →

99.7 %

Very strong

Among the 10% highest rated companies in the industry

20162020

360.2×

Very strong

Among the 10% highest rated companies in the industry

20162020

0.7 %

Average

Around the average of companies in the same industry

20162020

EBITDA — year on year

DKK thousands

Key figures

Annual report 2020

Gross profit	-0.7K DKK	-89%
EBITDA	-0.7K DKK	+89%
Net profit	3.6K DKK	+395%
Total assets	536.8K DKK	-27%
Equity	535.3K DKK	-27%
Employees	—	—

Contact

Address

Gladsaxevej 376, 2860 Søborg

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2020), IoT Solution A/S reported a gross profit of -DKK 702. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net profit of DKK 3.6k.

At the end of 2020, equity financed 99.7% of the balance sheet, and current assets covered short-term debt 360.2 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2020	2019	2018	2017	2016
Gross profit	-1	-6	173	92	-7
Staff expenses	-0	-0	-0	-0	-0
EBITDA	-1	-6	173	92	-7
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	-1	-6	173	92	-7
Net financials	5	7	21	-1	0
Profit before tax	5	1	194	91	-7
Tax	1	0	43	20	-2
Net profit	4	1	151	71	-6

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Balance sheet

DKK thousands

Item	2020	2019	2018	2017	2016
Total assets	537	733	784	764	89
Equity	535	732	731	580	88
Long-term debt	0	0	0	0	0
Short-term debt	1	1	53	181	4
Total debt	1	1	53	181	4

Financial ratios

5-year trend

EBITDA margin (of gross profit)

<−999 %

20162020

Equity ratio

99.7 %

Very strong

Among the 10% highest rated companies in the industry

20162020

Return on equity

0.7 %

Average

Around the average of companies in the same industry

20162020

Net profit margin (of gross profit)

>999 %

20162020

Asset turnover (of gross profit)

-0.00×

20162020

Debt / equity

0.00×

Very strong

Among the 10% highest rated companies in the industry

20162020

Sector performance

21 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)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.

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 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 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 equityStrong

Among the 30% 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 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 ratioVery weak

Among the 10% lowest rated companies in the industry

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

Debt & solvency

Solidity ratioVery strong

Among the 10% 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 ratioVery strong

Among the 10% 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 equityVery strong

Among the 10% highest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityVery strong

Among the 10% highest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtVery strong

Among the 10% highest rated companies in the industry

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

EBITDA to debtVery weak

Among the 20% lowest 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 marginAverage

Around the average of companies in the same 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.

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

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 equityWeak

Among the 30% lowest rated companies in the industry

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

One-year change in debtVery weak

Among the 20% 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 2020
Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
View PDF
Annual report 2017
Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


KO Kenneth Oluf Jahn Andersen Management	Management	2018 – 2022
LF Lars Funding Chief Executive Officer	Chief Executive Officer	2022 – 2022
DB Daniel Bachmann Management	Management	2015 – 2018

Board of directors

Non-executive oversight

Name	Role	Member since

Former (11)


TK Teddy Kær Jacobsen Board of Directors	Board of Directors	2017 – 2022
JD Jan Damsgaard Board of Directors	Board of Directors	2017 – 2022
MB Martin Bøge Mikkelsen Chairman	Chairman	2021 – 2022
LF Lars Funding Board of Directors	Board of Directors	2021 – 2022
DB Daniel Bachmann Board of Directors	Board of Directors	2015 – 2019
MF Morten Felding Board of Directors	Board of Directors	2021 – 2022
MZ Michael Ziegler Chairman	Chairman	2015 – 2018
JP Jukka Pekka Pertola Chairman	Chairman	2018 – 2020
TH Thomas Henrik Gjørup Board of Directors	Board of Directors	2017 – 2020
NT Niels-Erik Thamdrup Lund Board of Directors	Board of Directors	2017 – 2021
DJ Dines Juhl Barsøe Board of Directors	Board of Directors	2015 – 2017

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
IOT DENMARK A/S	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

Iot Denmark A/S100%

IoT Solution A/S (this company)

Board network connections

Board members of IoT Solution A/S also hold positions in 68 other companies.

Person	Role here	Other companies
Thomas Henrik Gjørup	Board of Directors	16 companiesMany roles
Martin Bøge Mikkelsen	Chairman	14 companiesMany roles
Jukka Pekka Pertola	Chairman	8 companiesMany roles
Lars Funding	Chief Executive Officer	5 companies
Daniel Bachmann	Management	5 companies
Teddy Kær Jacobsen	Board of Directors	5 companies
Niels-Erik Thamdrup Lund	Board of Directors	4 companies
Morten Felding	Board of Directors	3 companies
Dines Juhl Barsøe	Board of Directors	3 companies
Jan Damsgaard	Board of Directors	2 companies
Michael Ziegler	Chairman	2 companies
Kenneth Oluf Jahn Andersen	Management	1 company

Frequently asked questions

What is the CVR number of IoT Solution A/S?

IoT Solution A/S is registered with CVR / Virk under CVR 37061603.

What is the gross profit of IoT Solution A/S?

IoT Solution A/S reported a gross profit of -DKK 702 in 2020.

Where is IoT Solution A/S headquartered?

IoT Solution A/S's registered address is Gladsaxevej 376, 1. tv.