Urban Code IVS

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CVR 37092703Ryslingevej 17, 8270 HøjbjergForhandlere af gaveartikler og brugskunst· NACE 477830Est. 2015 · 11 years old— employees

Overview

Urban Code IVS is a Danish IVS based in Højbjerg, operating in the Forhandlere af gaveartikler og brugskunst sector. Incorporated in 2015, the company reported revenue of DKK 62.5k in its latest annual filing.

Revenue 2019

62.5K DKK

−23% vs 2018

EBITDA margin

5.1 %

+119% vs 2018

Net profit 2019

-3.4K DKK

+81% vs 2018

Key ratios

See full ratios →

84.8 %

Very strong

Among the 20% highest rated companies in the industry

20162019

6.6×

Very strong

Among the 20% highest rated companies in the industry

20162019

-8.8 %

Weak

Among the 30% lowest rated companies in the industry

20162019

EBITDA — year on year

DKK thousands

Key figures

Annual report 2019

Revenue	62.5K DKK	-23%
EBITDA	3.2K DKK	+119%
Net profit	-3.4K DKK	+81%
Total assets	38.6K DKK	-16%
Equity	32.7K DKK	-9%
Employees	—	—

Contact

Address

Ryslingevej 17, 8270 Højbjerg

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Financial development

In its most recent annual report (2019), Urban Code IVS reported revenue of DKK 62.5k, a decrease of 23% on the year before. The figures on this page draw on 4 annual filings covering 2016 to 2019. The bottom line showed a net loss of DKK 3.4k, and the EBITDA margin stood at 5.1%.

At the end of 2019, equity financed 84.8% of the balance sheet, and current assets covered short-term debt 6.6 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2019	2018	2017	2016
Revenue	63	82	112	48
Staff expenses	-12	-0	-0	-0
EBITDA	3	-17	27	13
Depreciation & amort.	-7	-0	-0	-0
EBIT	-3	-17	27	13
Net financials	-0	-1	-1	-0
Profit before tax	-3	-17	26	13
Tax	-0	-0	6	3
Net profit	-3	-17	20	10

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Balance sheet

DKK thousands

Item	2019	2018	2017	2016
Total assets	39	46	72	36
Equity	33	36	59	33
Long-term debt	0	0	0	0
Short-term debt	6	10	13	3
Total debt	6	10	13	3

Financial ratios

5-year trend

EBITDA margin

5.1 %

20162019

Equity ratio

84.8 %

Very strong

Among the 20% highest rated companies in the industry

20162019

Return on equity

-10.4 %

Very weak

Among the 20% lowest rated companies in the industry

20162019

Net profit margin

-5.4 %

Very weak

Among the 20% lowest rated companies in the industry

20162019

Asset turnover

1.62×

Average

Around the average of companies in the same industry

20162019

Debt / equity

0.18×

Very strong

Among the 20% highest rated companies in the industry

20162019

Sector performance

27 of 28 ratios graded

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

Profitability

Gross marginStrong

Among the 40% 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 marginVery weak

Among the 20% lowest 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 marginVery weak

Among the 20% lowest 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 equity (ROE)Very weak

Among the 20% lowest 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)Weak

Among the 30% lowest 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 weak

Among the 20% lowest 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)Weak

Among the 30% 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 ratioWeak

Among the 30% lowest 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.

Liquidity

Current ratioVery strong

Among the 20% 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 ratioVery strong

Among the 10% 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 20% 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 20% 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 20% 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 20% 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 weak

Among the 10% lowest 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 weak

Among the 10% 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 strong

Among the 20% highest rated companies in the industry

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

Interest marginWeak

Among the 30% lowest 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

Asset turnoverAverage

Around the average of companies in the same industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalWeak

Among the 40% 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 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 strong

Among the 20% 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.

Annual reports & filings

Annual report 2019
Filed via CVR / Virk · Period 2018-10-01 – 2019-09-30
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2017-10-01 – 2018-09-30
View PDF
Annual report 2017
Filed via CVR / Virk · Period 2016-10-01 – 2017-09-30
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2015-09-18 – 2016-09-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


JE Joanna Ewa Gammelgaard Management	Management	2018 – 2020
JI Jandira Isabel Thomsen Management	Management	2018 – 2020

Board of directors

Non-executive oversight

Name	Role	Member since

Former (4)


KG Kim Gammelgaard Deputy Chairman	Deputy Chairman	2018 – 2020
JE Joanna Ewa Gammelgaard Board of Directors	Board of Directors	2015 – 2017
NW Niels Willy Thomsen Chairman	Chairman	2018 – 2020
JI Jandira Isabel Thomsen Board of Directors	Board of Directors	2015 – 2017

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Joanna Ewa Gammelgaard	Individual	50–66.65%	50–66.65%	2015
Jandira Isabel Thomsen	Individual	50–66.65%	50–66.65%	2015

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Urban Code IVS also hold positions in 3 other companies.

Person	Role here	Other companies
Kim Gammelgaard	Deputy Chairman	3 companies

Frequently asked questions

What is the CVR number of Urban Code IVS?

Urban Code IVS is registered with CVR / Virk under CVR 37092703.

What is the revenue of Urban Code IVS?

Urban Code IVS reported revenue of DKK 62.5k in 2019.

Where is Urban Code IVS headquartered?

Urban Code IVS's registered address is Ryslingevej 17.