Safe Solution ApS

APSBankruptAdvertising protection

CVR 38537571Snevrevej 10, 9800 HjørringTemporary employment agency activities and other human resource provisions· NACE 7820Est. 2017 · 9 years old26 employees

Overview

Safe Solution ApS is a Danish APS based in Hjørring, operating in the Temporary employment agency activities and other human resource provisions sector. Incorporated in 2017, the company has 26 employees and reported a gross profit of DKK 17.1m in its latest annual filing.

Gross profit 2019

17.1M DKK

+153% vs 2018

EBITDA margin (of gross profit)

7.9 %

+590% vs 2018

Net profit 2019

0.8M DKK

+2324% vs 2018

Key ratios

See full ratios →

22.0 %

Weak

Among the 40% lowest rated companies in the industry

20172019

1.4×

Average

Around the average of companies in the same industry

20172019

19.2 %

Strong

Among the 30% highest rated companies in the industry

20172019

EBITDA — year on year

DKK thousands

Key figures

Annual report 2019

Gross profit	17.1M DKK	+153%
EBITDA	1.4M DKK	+590%
Net profit	0.8M DKK	+2324%
Total assets	4.4M DKK	+186%
Equity	1M DKK	+685%
Employees	26	—

Contact

Address

Snevrevej 10, 9800 Hjørring

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2019), Safe Solution ApS reported a gross profit of DKK 17.1m, an increase of 153% on the year before. The figures on this page draw on 3 annual filings covering 2017 to 2019. The bottom line showed a net profit of DKK 837.8k, and the EBITDA margin stood at 7.9%.

At the end of 2019, equity financed 22% of the balance sheet, and current assets covered short-term debt 1.4 times.

Financials

Gross profit

DKK millions

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2019	2018	2017
Gross profit	17,108	6,765	1,774
Staff expenses	-15,751	-6,568	-1,711
EBITDA	1,356	197	62
Depreciation & amort.	-202	-146	-13
EBIT	1,155	51	49
Net financials	-58	-3	-0
Profit before tax	1,097	48	49
Tax	259	14	11
Net profit	838	35	38

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Balance sheet

DKK thousands

Item	2019	2018	2017
Total assets	4,371	1,530	769
Equity	960	122	88
Long-term debt	291	0	0
Short-term debt	3,104	1,408	681
Total debt	3,395	1,408	681

Financial ratios

5-year trend

EBITDA margin (of gross profit)

7.9 %

20172019

Equity ratio

22.0 %

Weak

Among the 40% lowest rated companies in the industry

20172019

Return on equity

87.3 %

Very strong

Among the 10% highest rated companies in the industry

20172019

Net profit margin (of gross profit)

4.9 %

20172019

Asset turnover (of gross profit)

3.91×

20172019

Debt / equity

3.55×

Very weak

Among the 20% lowest rated companies in the industry

20172019

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)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)Strong

Among the 30% 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 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 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 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 capitalStrong

Among the 40% 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 30% 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 40% 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 40% 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 debtStrong

Among the 40% highest rated companies in the industry

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

EBITDA to debtStrong

Among the 30% 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 debtWeak

Among the 40% 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 20% 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 capitalStrong

Among the 30% 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 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 weak

Among the 10% 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.

Annual reports & filings

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 2017-03-20 – 2017-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


MT Morten Thaisen Management	Management	2017 – 2019
CD Chris Durhuus Management	Management	2017 – 2021

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
DURHUUS HOLDING ApS	Company	100%	100%	2019
MT ENTREPRISE ApS	Company	50–66.65%	50–66.65%	2017

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

DURHUUS HOLDING ApS100%

MT ENTREPRISE ApS50%

Safe Solution ApS (this company)

Board network connections

Board members of Safe Solution ApS also hold positions in 3 other companies.

Person	Role here	Other companies
Morten Thaisen	Management	2 companies
Chris Durhuus	Management	1 company

Frequently asked questions

What is the CVR number of Safe Solution ApS?

Safe Solution ApS is registered with CVR / Virk under CVR 38537571.

What is the gross profit of Safe Solution ApS?

Safe Solution ApS reported a gross profit of DKK 17.1m in 2019.

How many employees does Safe Solution ApS have?

Safe Solution ApS employs 26 people as of the latest annual report.

Where is Safe Solution ApS headquartered?

Safe Solution ApS's registered address is Snevrevej 10.