Siimian IVS

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CVR 38352873Fasanvænget 31, 7470 Karup JComputerprogrammering· NACE 620100Est. 2017 · 9 years old1 employees

Overview

Siimian IVS is a Danish IVS based in Karup J, operating in the Computerprogrammering sector. Incorporated in 2017, the company has 1 employee and reported a gross profit of DKK 58.8k in its latest annual filing.

Gross profit 2020

58.8K DKK

−68% vs 2019

EBITDA margin (of gross profit)

85.2 %

+522% vs 2019

Net profit 2020

44K DKK

+512% vs 2019

Key ratios

See full ratios →

38.1 %

Average

Around the average of companies in the same industry

20172020

1.6×

Average

Around the average of companies in the same industry

20172020

38.9 %

Very strong

Among the 20% highest rated companies in the industry

20172020

EBITDA — year on year

DKK thousands

Key figures

Annual report 2020

Gross profit	58.8K DKK	-68%
EBITDA	50.1K DKK	+522%
Net profit	44K DKK	+512%
Total assets	113.1K DKK	+231%
Equity	43.1K DKK	+5221%
Employees	1	—

Contact

Address

Fasanvænget 31, 7470 Karup J

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Financial development

In its most recent annual report (2020), Siimian IVS reported a gross profit of DKK 58.8k, a decrease of 68% on the year before. The figures on this page draw on 4 annual filings covering 2017 to 2020. The bottom line showed a net profit of DKK 44.0k, and the EBITDA margin stood at 85.2%.

At the end of 2020, equity financed 38.1% of the balance sheet, and current assets covered short-term debt 1.6 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2020	2019	2018	2017
Revenue	59	185	468	168
Staff expenses	-9	-177	-191	-20
EBITDA	50	8	-3	57
Depreciation & amort.	-0	-0	-11	-32
EBIT	50	8	-15	26
Net financials	-0	1	1	1
Profit before tax	50	9	-13	26
Tax	6	19	-0	6
Net profit	44	-11	-13	20

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Balance sheet

DKK thousands

Item	2020	2019	2018	2017
Total assets	113	34	35	49
Equity	43	-1	9	26
Long-term debt	0	0	0	0
Short-term debt	70	35	22	23
Total debt	70	35	26	23

Financial ratios

5-year trend

EBITDA margin

85.2 %

20172020

Equity ratio

38.1 %

Average

Around the average of companies in the same industry

20172020

Return on equity

102.0 %

Very strong

Among the 10% highest rated companies in the industry

20172020

Net profit margin

74.7 %

20172020

Asset turnover

0.52×

20172020

Debt / equity

1.62×

Weak

Among the 40% lowest rated companies in the industry

20172020

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 20% 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 20% highest 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 strong

Among the 10% highest 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.

Liquidity

Current ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 20% lowest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityWeak

Among the 30% 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 ratioAverage

Around the average of companies in the same 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 equityWeak

Among the 40% 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 equityWeak

Among the 30% 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 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 20% highest rated companies in the 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 debtAverage

Around the average of companies in the same 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 capitalVery strong

Among the 10% highest 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 20% lowest 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 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 2017-01-22 – 2017-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


SK Simon Kröger Kronmose Management	Management	2017 – 2022
IR Ian Rix Kristensen Chief Executive Officer	Chief Executive Officer	2017 – 2022

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Simon Kröger Kronmose	Individual	50–66.65%	50–66.65%	2017
Ian Rix Kristensen	Individual	50–66.65%	50–66.65%	2017

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Siimian IVS also hold positions in 7 other companies.

Person	Role here	Other companies
Simon Kröger Kronmose	Management	6 companiesMany roles
Ian Rix Kristensen	Chief Executive Officer	1 company

Frequently asked questions

What is the CVR number of Siimian IVS?

Siimian IVS is registered with CVR / Virk under CVR 38352873.

What is the gross profit of Siimian IVS?

Siimian IVS reported a gross profit of DKK 58.8k in 2020.

How many employees does Siimian IVS have?

Siimian IVS employs 1 people as of the latest annual report.

Where is Siimian IVS headquartered?

Siimian IVS's registered address is Fasanvænget 31.