PublicationMaster IVS

IVSBankruptAdvertising protection

CVR 38547739Klovtoftegade 4, 2630 TaastrupComputerprogrammering· NACE 620100Est. 2017 · 9 years old— employees

Overview

PublicationMaster IVS is a Danish IVS based in Taastrup, operating in the Computerprogrammering sector. Incorporated in 2017, the company reported revenue of DKK 301.4k in its latest annual filing.

Revenue 2019

301.4K DKK

−30% vs 2018

EBITDA margin

16.5 %

−11% vs 2018

Net profit 2019

38.7K DKK

+28% vs 2018

Key ratios

See full ratios →

150.9 %

Very strong

Among the 10% highest rated companies in the industry

20172019

-2.0×

20172019

22.2 %

Very strong

Among the 20% highest rated companies in the industry

20172019

EBITDA — year on year

DKK thousands

Key figures

Annual report 2019

Revenue	301.4K DKK	-30%
EBITDA	49.7K DKK	-11%
Net profit	38.7K DKK	+28%
Total assets	174.4K DKK	-9%
Equity	263.3K DKK	+17%
Employees	—	—

Contact

Address

Klovtoftegade 4, 2630 Taastrup

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2019), PublicationMaster IVS reported revenue of DKK 301.4k, a decrease of 30% 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 38.7k, and the EBITDA margin stood at 16.5%.

At the end of 2019, equity financed 150.9% of the balance sheet.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2019	2018	2017
Revenue	301	429	375
Staff expenses	-4	-7	-0
EBITDA	50	56	185
Depreciation & amort.	-0	-17	-0
EBIT	50	39	185
Net financials	-0	0	0
Profit before tax	50	39	185
Tax	11	9	41
Net profit	39	30	145

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Balance sheet

DKK thousands

Item	2019	2018	2017
Total assets	174	192	228
Equity	263	225	186
Long-term debt	0	0	0
Short-term debt	-89	-32	42
Total debt	-89	-32	42

Financial ratios

5-year trend

EBITDA margin

16.5 %

20172019

Equity ratio

150.9 %

Very strong

Among the 10% highest rated companies in the industry

20172019

Return on equity

14.7 %

Average

Around the average of companies in the same industry

20172019

Net profit margin

12.8 %

Strong

Among the 30% highest rated companies in the industry

20172019

Asset turnover

1.73×

Strong

Among the 30% highest rated companies in the industry

20172019

Debt / equity

-0.34×

20172019

Sector performance

17 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginStrong

Among the 40% highest 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 marginStrong

Among the 30% highest 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 marginStrong

Among the 30% highest 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 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)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)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)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 ratioStrong

Among the 30% 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.

Liquidity

Current assets to equityVery strong

Among the 20% highest 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 ratioStrong

Among the 40% highest rated companies in the industry

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

Current ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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 ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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 ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

Debt & solvency

Solidity ratioVery strong

Among the 10% highest 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.

Liabilities to equityVery strong

Among the 10% highest rated companies in the industry

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

Interest coverageVery strong

Among the 10% highest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Debt ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

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.

Income to debtNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

EBITDA to debtNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

Interest rate on debtNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

Asset turnoverStrong

Among the 30% highest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

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 equityStrong

Among the 40% highest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

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 debtNot 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 debt.

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 2017-04-03 – 2017-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


HS Henrik Sjørslev Liquidator	Liquidator	2021 – 2022
MA Mark Allan Olsen Management	Management	2017 – 2021
TA Thomas Andy Tietze Rosenbusk Chief Executive Officer	Chief Executive Officer	2017 – 2021

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Mark Allan Olsen	Individual	50–66.65%	50–66.65%	2017
Thomas Andy Tietze Rosenbusk	Individual	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

No registered parent or subsidiaries

Board network connections

Board members of PublicationMaster IVS also hold positions in 60 other companies.

Person	Role here	Other companies
Henrik Sjørslev	Liquidator	57 companiesMany roles
Thomas Andy Tietze Rosenbusk	Chief Executive Officer	2 companies
Mark Allan Olsen	Management	1 company

Frequently asked questions

What is the CVR number of PublicationMaster IVS?

PublicationMaster IVS is registered with CVR / Virk under CVR 38547739.

What is the revenue of PublicationMaster IVS?

PublicationMaster IVS reported revenue of DKK 301.4k in 2019.

Where is PublicationMaster IVS headquartered?

PublicationMaster IVS's registered address is Klovtoftegade 4.