IntelligentTrackSystems A/S
A/SBankruptCVR 38168681Højnæsvej 75, 2610 RødovreOther specialised design activities· NACE 7414Est. 2016 · 9 years old8 employeeshttps://www.intelligenttracksystems.com/
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Overview
IntelligentTrackSystems A/S is a Danish A/S based in Rødovre, operating in the Other specialised design activities sector. Incorporated in 2016, the company has 8 employees and reported revenue of DKK 671.0k in its latest annual filing.
Revenue 2023
0.7M DKK
−40% vs 2022
EBITDA margin
−4,404.0 %
−105% vs 2022
Net profit 2023
-49.2M DKK
-67% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
0.0×
Very weakAmong the 10% lowest rated companies in the industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20192023
EBITDA — year on year
DKK millionsKey figures
Annual report 2023| Revenue | 0.7M DKK | -40% |
| EBITDA | -29.6M DKK | -105% |
| Net profit | -49.2M DKK | -67% |
| Total assets | 0.3M DKK | -46% |
| Equity | -87M DKK | -130% |
| Employees | 8 | — |
Company information
Legal name
IntelligentTrackSystems A/S
CVR number
38168681
Legal form
Aktieselskab
NACE code
Founded
1 November 2016 · 9 years
Share capital
DKK 1,681,186
Employees
8 (FTE)
VAT registered
No
Audit selected
Yes
Last report
2023-12-31
Financial year
January – December
Signatory rights
Selskabet forpligtes ved aftaler, som indgås på selskabets vegne af den samlede bestyrelse eller af en direktør i forening med bestyrelsens formand.
Company purpose
Selskabets formål er at drive virksomhed med handel og dermed beslægtet virksomhed.
(no translation available)
Contact
Recent events
1 entry- Event
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Financial development
In its most recent annual report (2023), IntelligentTrackSystems A/S reported revenue of DKK 671.0k, a decrease of 40% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net loss of DKK 49.2m, and the EBITDA margin stood at -4,404%.
At the end of 2023, current assets covered short-term debt 0 times.
Financials
Revenue
DKK thousandsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 671 | 1,116 | 0 | 404 | 3,910 |
| Staff expenses | -0 | -2,822 | -0 | -0 | -0 |
| EBITDA | -29,551 | -14,413 | -7,896 | -4,537 | -3,873 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -29,551 | -14,413 | -7,896 | -4,537 | -3,873 |
| Net financials | -19,684 | -15,176 | -4,867 | -1,351 | -462 |
| Profit before tax | -49,235 | -29,589 | -12,763 | -5,888 | -4,335 |
| Tax | -0 | -98 | -0 | -96 | -113 |
| Net profit | -49,235 | -29,491 | -12,763 | -5,792 | -4,222 |
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Balance sheet
DKK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 338 | 623 | 9,666 | 11,379 | 11,260 |
| Equity | -86,994 | -37,761 | -2,238 | -7,526 | -1,734 |
| Long-term debt | 163 | 0 | 0 | 0 | 3,743 |
| Short-term debt | 87,169 | 38,384 | 11,904 | 18,905 | 9,252 |
| Total debt | 87,332 | 38,384 | 11,904 | 18,905 | 12,995 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20192023
Equity ratio
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20192023
Return on equity
—
20192023
Net profit margin
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20192023
Asset turnover
1.99×
Very strongAmong the 20% highest rated companies in the industry
20192023
Debt / equity
—
20192023
Sector performance
20 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% lowest 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 10% 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 10% 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 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.
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 ratioVery weak
Among the 10% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
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.
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 weak
Among the 20% 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 20% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% 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 weak
Among the 10% lowest 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
Asset turnoverVery strong
Among the 20% 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 weak
Among the 10% lowest 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
- 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 2020-01-01 – 2020-12-31
- Annual report 2019Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (3)
MP Management | Management | 2017 – 2025 |
PS Management | Management | 2016 – 2017 |
AR | Deputy | 2019 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (8)
PS Chairman | Chairman | 2022 – 2025 |
KE Chairman | Chairman | 2016 – 2022 |
AC Board of Directors | Board of Directors | 2016 – 2020 |
AS Board of Directors | Board of Directors | 2017 – 2022 |
TA Board of Directors | Board of Directors | 2019 – 2022 |
JS Board of Directors | Board of Directors | 2022 – 2025 |
TS Board of Directors | Board of Directors | 2017 – 2022 |
JR Board of Directors | Board of Directors | 2022 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2021 | |
| Company | 5–9.99% | 5–9.99% | 2017 | |
Emaratech (emarat technology solutions) FZ LLC | Company | 15–19.99% | 15–19.99% | 2018 |
| Company | 5–9.99% | 5–9.99% | 2017 | |
| Company | 5–9.99% | 5–9.99% | 2017 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
One in three Danish companies experiences fraud
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Company hierarchy
CPHI-Holding A/S100%Emaratech (emarat technology solutions) FZ LLC15%
IntelligentTrackSystems A/S (this company)Board network connections
Board members of IntelligentTrackSystems A/S also hold positions in 34 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Knud Erik Andreasen | Chairman | 12 companiesMany roles |
| Allan Carsten Bülow | Board of Directors | 9 companiesMany roles |
| Jens Sehested Krogh | Board of Directors | 7 companiesMany roles |
| Alice Sønderbæk | Board of Directors | 2 companies |
| Morten Pankoke | Management | 1 company |
| Peter Scheuer Jensen | Management | 1 company |
| Tonny Sønderbæk | Board of Directors | 1 company |
| Jonas Riddersholm Bargum | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of IntelligentTrackSystems A/S?
IntelligentTrackSystems A/S is registered with CVR / Virk under CVR 38168681.
What is the revenue of IntelligentTrackSystems A/S?
IntelligentTrackSystems A/S reported revenue of DKK 671.0k in 2023.
How many employees does IntelligentTrackSystems A/S have?
IntelligentTrackSystems A/S employs 8 people as of the latest annual report.
Where is IntelligentTrackSystems A/S headquartered?
IntelligentTrackSystems A/S's registered address is Højnæsvej 75.