Green Substrate ApS

Q: What is the CVR number of Green Substrate ApS?

Green Substrate ApS is registered with CVR / Virk under CVR 38649183.

Q: What is the gross profit of Green Substrate ApS?

Green Substrate ApS reported a gross profit of -DKK 7.7k in 2025.

Q: Who is the CEO of Green Substrate ApS?

Peter Damgaard Nielsen is the CEO of Green Substrate ApS, in role since 2019.

Q: Where is Green Substrate ApS headquartered?

Green Substrate ApS's registered address is Virkevangen 13.

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CVR 38649183Virkevangen 13, 8960 Randers SØPost-harvest crop activities and seed processing for propagation· NACE 0163Est. 2017 · 9 years old— employeeshttps://www.greensubstrate.com

Overview

Green Substrate ApS is a Danish APS based in Randers SØ, operating in the Post-harvest crop activities and seed processing for propagation sector. Incorporated in 2017, the company reported a gross profit of -DKK 7.7k in its latest annual filing.

Gross profit 2025

-0M DKK

+13% vs 2024

EBITDA margin (of gross profit)

100.0 %

−13% vs 2024

Net profit 2025

-0M DKK

+84% vs 2024

Key ratios

See full ratios →

<−999 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

0.0×

Very weak

Among the 10% lowest rated companies in the industry

20212025

-516.3 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	-0M DKK	+13%
EBITDA	-0M DKK	-13%
Net profit	-0M DKK	+84%
Total assets	0M DKK	-43%
Equity	-1.9M DKK	-1%
Employees	—	—

Contact

Address

Virkevangen 13, 8960 Randers SØ

Phone

+45 3035 2590

pdn@astech.dk

Website

https://www.greensubstrate.com

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2025), Green Substrate ApS reported a gross profit of -DKK 7.7k. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 9.9k.

At the end of 2025, current assets covered short-term debt 0 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	-8	-7	-11	-9	-947
Staff expenses	-0	-0	-0	-0	-0
EBITDA	-8	-7	-11	-9	-947
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	-8	-7	-11	-9	-947
Net financials	-2	-54	-165	-170	-214
Profit before tax	-10	-61	-176	-179	-1,161
Tax	-0	-0	-0	-0	-0
Net profit	-10	-61	-176	-179	-1,161

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	2	3	1	1,931	3,945
Equity	-1,881	-1,871	-1,810	-1,634	-1,456
Long-term debt	0	0	0	2,250	3,300
Short-term debt	1,883	1,874	1,811	1,315	2,100
Total debt	1,883	1,874	1,811	3,565	5,400

Financial ratios

5-year trend

EBITDA margin (of gross profit)

<−999 %

20212025

Equity ratio

<−999 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

Return on equity

—

20212025

Net profit margin (of gross profit)

<−999 %

20212025

Asset turnover (of gross profit)

-4.00×

20212025

Debt / equity

—

20212025

Sector performance

15 of 28 ratios graded

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

Profitability

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.

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.

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.

Capacity ratioNot rated

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

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 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 40% 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 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 debtWeak

Among the 30% lowest rated companies in the industry

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

Interest coverageVery weak

Among the 20% 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 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 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

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 debtAverage

Around the average of companies in the same 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 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (2)
PD Peter Damgaard Nielsen Chief Executive Officer	Chief Executive Officer	2019
LB Lone Bak Founder	Founder	2017

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
ADVANCED SUBSTRATE TECHNOLOGIES A/S	Company	100%	100%	2020
Peter Damgaard Nielsen	Individual	66.67–89.99%	66.67%	2020
Anders Netschajew Damgaard	Individual	20–24.99%	20%	2020
Lone Bak	Individual	50–66.65%	50–66.65%	2017
Svend Kristian Hoff	Individual	20–24.99%	20%	2020

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

Advanced Substrate Technologies A/S100%

Green Substrate ApS (this company)

Board network connections

Board members of Green Substrate ApS also hold positions in 16 other companies.

Person	Role here	Other companies
Peter Damgaard Nielsen	Chief Executive Officer	14 companiesMany roles
Lone Bak	Founder	2 companies

Frequently asked questions

What is the CVR number of Green Substrate ApS?

Green Substrate ApS is registered with CVR / Virk under CVR 38649183.

What is the gross profit of Green Substrate ApS?

Green Substrate ApS reported a gross profit of -DKK 7.7k in 2025.

Who is the CEO of Green Substrate ApS?

Peter Damgaard Nielsen is the CEO of Green Substrate ApS, in role since 2019.

Where is Green Substrate ApS headquartered?

Green Substrate ApS's registered address is Virkevangen 13.