Triangle Properties ApS

APSIn liquidationAdvertising protection

CVR 37121061Sdr. Havnegade 36, 6000 KoldingReal estate activities with own property and development of building projects· NACE 6810Est. 2015 · 11 years old— employees

Overview

Triangle Properties ApS is a Danish APS based in Kolding, operating in the Real estate activities with own property and development of building projects sector. Incorporated in 2015, the company reported a gross profit of DKK 26.4k in its latest annual filing.

Gross profit 2017

26.4K DKK

−59% vs 2016

EBITDA margin (of gross profit)

803.7 %

+231% vs 2016

Net profit 2017

131.1K DKK

+6840% vs 2016

Key ratios

See full ratios →

40.2 %

Average

Around the average of companies in the same industry

20162017

1.7×

Strong

Among the 30% highest rated companies in the industry

20162017

28.8 %

Very strong

Among the 10% highest rated companies in the industry

20162017

EBITDA — year on year

DKK thousands

Key figures

Annual report 2017

Gross profit	26.4K DKK	-59%
EBITDA	212.1K DKK	+231%
Net profit	131.1K DKK	+6840%
Total assets	455.7K DKK	-71%
Equity	183K DKK	+253%
Employees	—	—

Contact

Address

Sdr. Havnegade 36, 6000 Kolding

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Financial development

In its most recent annual report (2017), Triangle Properties ApS reported a gross profit of DKK 26.4k, a decrease of 59% on the year before. The figures on this page draw on 2 annual filings covering 2016 to 2017. The bottom line showed a net profit of DKK 131.1k, and the EBITDA margin stood at 803.7%.

At the end of 2017, equity financed 40.2% of the balance sheet, and current assets covered short-term debt 1.7 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2017	2016
Gross profit	26	64
Staff expenses	-0	-0
EBITDA	212	64
Depreciation & amort.	-0	-0
EBIT	212	64
Net financials	-42	-62
Profit before tax	170	2
Tax	39	1
Net profit	131	2

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Balance sheet

DKK thousands

Item	2017	2016
Total assets	456	1,572
Equity	183	52
Long-term debt	0	54
Short-term debt	273	1,467
Total debt	273	1,520

Financial ratios

5-year trend

EBITDA margin (of gross profit)

803.7 %

20162017

Equity ratio

40.2 %

Average

Around the average of companies in the same industry

20162017

Return on equity

71.6 %

Very strong

Among the 10% highest rated companies in the industry

20162017

Net profit margin (of gross profit)

496.8 %

20162017

Asset turnover (of gross profit)

0.06×

20162017

Debt / equity

1.49×

Average

Around the average of companies in the same industry

20162017

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 10% 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 10% 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 10% 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 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.

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 30% 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 30% 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 20% 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 equityVery weak

Among the 10% 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 ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioAverage

Around the average of companies in the same 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 10% highest rated companies in the industry

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

Interest coverageStrong

Among the 30% highest 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 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.

Efficiency & development

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 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 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.

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 2017
Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2015-09-30 – 2016-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


SS Sten Skjødt Ladekarl Liquidator	Liquidator	2018 – 2018
PG Peter Grau Management	Management	2015 – 2018

Board of directors

Non-executive oversight

Name	Role	Member since

Former (3)


SN Stefan Nordby Petersen Chairman	Chairman	2015 – 2018
AM Anders Munch Glente Board of Directors	Board of Directors	2015 – 2018
PG Peter Grau Board of Directors	Board of Directors	2015 – 2018

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
TRIANGLE INVEST ApS	Company	50–66.65%	50–66.65%	2015
GMA HOLDING ApS	Company	33.33–49.99%	33.33–49.99%	2015

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Related companies

Company hierarchy

TRIANGLE INVEST ApS50%

GMA HOLDING ApS33.33%

Triangle Properties ApS (this company)

Board network connections

Board members of Triangle Properties ApS also hold positions in 29 other companies.

Person	Role here	Other companies
Stefan Nordby Petersen	Chairman	19 companiesMany roles
Sten Skjødt Ladekarl	Liquidator	5 companies
Anders Munch Glente	Board of Directors	3 companies
Peter Grau	Management	2 companies

Frequently asked questions

What is the CVR number of Triangle Properties ApS?

Triangle Properties ApS is registered with CVR / Virk under CVR 37121061.

What is the gross profit of Triangle Properties ApS?

Triangle Properties ApS reported a gross profit of DKK 26.4k in 2017.

Where is Triangle Properties ApS headquartered?

Triangle Properties ApS's registered address is Sdr. Havnegade 36.