Freund ApS

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CVR 38208098Njalsgade 183, 2300 København SHjælpeaktiviteter i forbindelse med scenekunst· NACE 900200Est. 2016 · 9 years old1 employees

Overview

Freund ApS is a Danish APS based in København S, operating in the Hjælpeaktiviteter i forbindelse med scenekunst sector. Incorporated in 2016, the company has 1 employee and reported a gross profit of DKK 261.1k in its latest annual filing.

Gross profit 2021

261.1K DKK

−80% vs 2020

EBITDA margin (of gross profit)

10.4 %

−29% vs 2020

Net profit 2021

13.9K DKK

-36% vs 2020

Key ratios

See full ratios →

26.5 %

Weak

Among the 30% lowest rated companies in the industry

20172021

0.9×

Weak

Among the 30% lowest rated companies in the industry

20172021

3.7 %

Average

Around the average of companies in the same industry

20172021

EBITDA — year on year

DKK thousands

Key figures

Annual report 2021

Gross profit	261.1K DKK	-80%
EBITDA	27.2K DKK	-29%
Net profit	13.9K DKK	-36%
Total assets	374.6K DKK	-30%
Equity	99.2K DKK	+16%
Employees	1	—

Contact

Address

Njalsgade 183, 2300 København S

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Financial development

In its most recent annual report (2021), Freund ApS reported a gross profit of DKK 261.1k, a decrease of 80% on the year before. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net profit of DKK 13.9k, and the EBITDA margin stood at 10.4%.

At the end of 2021, equity financed 26.5% of the balance sheet, and current assets covered short-term debt 0.9 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2021	2020	2019	2018	2017
Revenue	261	1,284	661	706	447
Staff expenses	-234	-1,030	-628	-561	-306
EBITDA	27	38	34	145	-88
Depreciation & amort.	-9	-9	-9	-0	-0
EBIT	18	29	25	145	-88
Net financials	-0	-1	-1	-0	0
Profit before tax	18	28	24	145	-88
Tax	4	6	7	16	-0
Net profit	14	22	17	129	-88

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Balance sheet

DKK thousands

Item	2021	2020	2019	2018	2017
Total assets	375	532	332	170	117
Equity	99	85	67	50	-79
Long-term debt	0	0	0	0	0
Short-term debt	275	447	265	120	196
Total debt	275	447	265	120	196

Financial ratios

5-year trend

EBITDA margin

10.4 %

20172021

Equity ratio

26.5 %

Weak

Among the 30% lowest rated companies in the industry

20172021

Return on equity

14.0 %

Average

Around the average of companies in the same industry

20172021

Net profit margin

5.3 %

20172021

Asset turnover

0.70×

20172021

Debt / equity

2.78×

Very weak

Among the 20% lowest rated companies in the industry

20172021

Sector performance

23 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.

Capacity ratioAverage

Around the average of companies in the same 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.

Liquidity

Current ratioWeak

Among the 30% 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.

Current assets to equityVery weak

Among the 20% 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 weak

Among the 20% 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 ratioVery strong

Among the 20% highest rated companies in the industry

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

Debt & solvency

Solidity ratioWeak

Among the 30% 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 ratioWeak

Among the 30% 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.

Debt to equityVery weak

Among the 20% lowest 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 weak

Among the 20% lowest rated companies in the industry

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

Income to debtWeak

Among the 40% lowest rated companies in the industry

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

EBITDA to debtAverage

Around the average of companies in the same industry

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

Interest coverageVery strong

Among the 20% 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 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 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.

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 equityStrong

Among the 40% 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 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.

Annual reports & filings

Annual report 2021
Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
View PDF
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 2016-11-24 – 2017-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


SO Salli Olsen Anderschou Chief Executive Officer	Chief Executive Officer	2016 – 2021
PB Pil Brøndum Gad Management	Management	2016 – 2023
CB Christian Bendik Elmer Liquidator	Liquidator	2023 – 2023

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Salli Olsen Anderschou	Individual	50–66.65%	50–66.65%	2016
Pil Brøndum Gad	Individual	100%	100%	2021

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Freund ApS also hold positions in 49 other companies.

Person	Role here	Other companies
Christian Bendik Elmer	Liquidator	47 companiesMany roles
Salli Olsen Anderschou	Chief Executive Officer	2 companies

Frequently asked questions

What is the CVR number of Freund ApS?

Freund ApS is registered with CVR / Virk under CVR 38208098.

What is the gross profit of Freund ApS?

Freund ApS reported a gross profit of DKK 261.1k in 2021.

How many employees does Freund ApS have?

Freund ApS employs 1 people as of the latest annual report.

Where is Freund ApS headquartered?

Freund ApS's registered address is Njalsgade 183, 5. 1.