Orbital Express Launch ApS
APSBankruptCVR 38106260Kanalholmen 14, 2650 HvidovreManufacture of civilian air and spacecraft and related machinery· NACE 3031Est. 2016 · 9 years old88 employees
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Overview
Orbital Express Launch ApS is a Danish APS based in Hvidovre, operating in the Manufacture of civilian air and spacecraft and related machinery sector. Incorporated in 2016, the company has 88 employees and reported a gross profit of -DKK 30.0m in its latest annual filing.
Gross profit 2024
-30M DKK
−402% vs 2023
EBITDA margin (of gross profit)
231.4 %
−521% vs 2023
Net profit 2024
-70.7M DKK
-252% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-130.4 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
0.8×
Very weakAmong the 20% lowest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
-166.4 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
EBITDA — year on year
DKK millionsKey figures
Annual report 2024| Gross profit | -30M DKK | -402% |
| EBITDA | -69.4M DKK | -521% |
| Net profit | -70.7M DKK | -252% |
| Total assets | 42.5M DKK | -56% |
| Equity | -55.4M DKK | -50% |
| Employees | 88 | — |
Company information
Legal name
Orbital Express Launch ApS
CVR number
38106260
Legal form
Anpartsselskab
NACE code
Founded
11 October 2016 · 9 years
Share capital
DKK 50,000
Employees
88 (FTE)
VAT registered
No
Audit selected
Yes
Last report
2024-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af to direktører i forening
Company purpose
Virksomhedens formål er at udvikle transport køretøjer til brug i rummet og hermed beslægtet virksomhed.
(no translation available)
Address
Kanalholmen 14, 2650 Hvidovre
Recent events
1 entry- Event
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Financial development
In its most recent annual report (2024), Orbital Express Launch ApS reported a gross profit of -DKK 30.0m, a decrease of 402% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net loss of DKK 70.7m.
At the end of 2024, current assets covered short-term debt 0.8 times.
Financials
Revenue
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | -29,981 | 9,926 | 5,741 | 2,828 | 748 |
| Staff expenses | -39,381 | -21,101 | -13,284 | -5,733 | -1,330 |
| EBITDA | -69,362 | -11,175 | -7,543 | -6,826 | -582 |
| Depreciation & amort. | -6,538 | -13,446 | -5,409 | -1,646 | -35 |
| EBIT | -75,900 | -24,621 | -12,952 | -8,471 | -617 |
| Net financials | -274 | -1,345 | -165 | 115 | 16 |
| Profit before tax | -76,174 | -25,965 | -13,117 | -8,357 | -602 |
| Tax | -5,500 | -5,893 | -3,633 | -3,635 | -254 |
| Net profit | -70,674 | -20,072 | -9,484 | -4,721 | -348 |
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Balance sheet
DKK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 42,461 | 95,612 | 74,947 | 48,733 | 21,191 |
| Equity | -55,383 | -36,826 | -16,754 | -7,270 | -2,549 |
| Long-term debt | 69,741 | 105,587 | 76,549 | 48,022 | 21,770 |
| Short-term debt | 28,104 | 26,852 | 13,903 | 5,491 | 1,230 |
| Total debt | 97,845 | 132,439 | 90,452 | 53,513 | 23,000 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20202024
Equity ratio
-130.4 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Return on equity
—
20202024
Net profit margin
<−999 %
20202024
Asset turnover
-0.71×
20202024
Debt / equity
—
20202024
Sector performance
17 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on assets (ROA)Very weak
Among the 10% lowest 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 weak
Among the 10% 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 weak
Among the 10% 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.
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.
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 20% 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 ratioWeak
Among the 40% 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 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.
Fixed assets to long-term capitalVery weak
Among the 10% 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 ratioWeak
Among the 30% lowest rated companies in the 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.
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 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 weak
Among the 10% lowest 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 debtStrong
Among the 30% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 10% 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.
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.
Efficiency & development
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 20% 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.
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
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via CVR / Virk · Period 2020-06-01 – 2020-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
KB Founder | Founder | 2016 |
Former (3)
JB Management | Management | 2023 – 2026 |
CN Management | Management | 2016 – 2023 |
PJ Management | Management | 2024 – 2026 |
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
Orbital Express Launch Limited | Company | 100% | 100% | 2016 |
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
Orbital Express Launch Limited100%
Orbital Express Launch ApS (this company)Board network connections
Board members of Orbital Express Launch ApS also hold positions in 3 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jonas Bækby Bjarnø | Management | 3 companies |
Frequently asked questions
What is the CVR number of Orbital Express Launch ApS?
Orbital Express Launch ApS is registered with CVR / Virk under CVR 38106260.
What is the gross profit of Orbital Express Launch ApS?
Orbital Express Launch ApS reported a gross profit of -DKK 30.0m in 2024.
How many employees does Orbital Express Launch ApS have?
Orbital Express Launch ApS employs 88 people as of the latest annual report.
Where is Orbital Express Launch ApS headquartered?
Orbital Express Launch ApS's registered address is Kanalholmen 14, 1..