Happy Hot ApS

APSDissolvedAdvertising protection

CVR 38944320Gammel Højmevej 191, 5250 Odense SVWholesale of clothing and footwear· NACE 4642Est. 2017 · 9 years old1 employees

Overview

Happy Hot ApS is a Danish APS based in Odense SV, operating in the Wholesale of clothing and footwear sector. Incorporated in 2017, the company has 1 employee and reported a gross profit of DKK 144.5k in its latest annual filing.

Gross profit 2020

0.1M DKK

−53% vs 2019

EBITDA margin (of gross profit)

−273.2 %

+60% vs 2019

Net profit 2020

-0.3M DKK

+57% vs 2019

Key ratios

See full ratios →

18.2 %

Weak

Among the 40% lowest rated companies in the industry

20182020

1.3×

Average

Around the average of companies in the same industry

20182020

-12.6 %

Weak

Among the 30% lowest rated companies in the industry

20182020

EBITDA — year on year

DKK thousands

Key figures

Annual report 2020

Gross profit	0.1M DKK	-53%
EBITDA	-0.4M DKK	+60%
Net profit	-0.3M DKK	+57%
Total assets	2.7M DKK	+56%
Equity	0.5M DKK	+175%
Employees	1	—

Contact

Address

Gammel Højmevej 191, 5250 Odense SV

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2020), Happy Hot ApS reported a gross profit of DKK 144.5k, a decrease of 53% on the year before. The figures on this page draw on 3 annual filings covering 2018 to 2020. The bottom line showed a net loss of DKK 342.3k, and the EBITDA margin stood at -273.2%.

At the end of 2020, equity financed 18.2% of the balance sheet, and current assets covered short-term debt 1.3 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2020	2019	2018
Gross profit	145	310	745
Staff expenses	-539	-1,292	-557
EBITDA	-395	-982	188
Depreciation & amort.	-0	-0	-0
EBIT	-395	-982	188
Net financials	-42	-45	-72
Profit before tax	-437	-1,027	116
Tax	-95	-225	26
Net profit	-342	-802	90

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Balance sheet

DKK thousands

Item	2020	2019	2018
Total assets	2,724	1,751	2,426
Equity	496	-662	140
Long-term debt	69	39	0
Short-term debt	2,159	2,374	2,286
Total debt	2,228	2,412	2,286

Financial ratios

5-year trend

EBITDA margin (of gross profit)

-273.2 %

20182020

Equity ratio

18.2 %

Weak

Among the 40% lowest rated companies in the industry

20182020

Return on equity

-69.0 %

Very weak

Among the 10% lowest rated companies in the industry

20182020

Net profit margin (of gross profit)

-236.8 %

20182020

Asset turnover (of gross profit)

0.05×

20182020

Debt / equity

4.49×

Very weak

Among the 20% lowest rated companies in the industry

20182020

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 weak

Among the 10% lowest 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)Weak

Among the 30% lowest 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 weak

Among the 10% lowest 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 weak

Among the 20% lowest 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 weak

Among the 20% lowest 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 ratioStrong

Among the 30% highest rated companies in the 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 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 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 debtVery weak

Among the 20% lowest rated companies in the industry

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

EBITDA to debtVery weak

Among the 20% 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 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 weak

Among the 20% 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.

Efficiency & development

Equity to contributed capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in debtStrong

Among the 40% 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.

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 2017-09-15 – 2018-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (1)


NS Niels Sørum Management	Management	2017 – 2022

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
NST DK HOLDING ApS	Company	100%	100%	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

NST DK HOLDING ApS100%

Happy Hot ApS (this company)

Board network connections

Board members of Happy Hot ApS also hold positions in 4 other companies.

Person	Role here	Other companies
Niels Sørum	Management	4 companies

Frequently asked questions

What is the CVR number of Happy Hot ApS?

Happy Hot ApS is registered with CVR / Virk under CVR 38944320.

What is the gross profit of Happy Hot ApS?

Happy Hot ApS reported a gross profit of DKK 144.5k in 2020.

How many employees does Happy Hot ApS have?

Happy Hot ApS employs 1 people as of the latest annual report.

Where is Happy Hot ApS headquartered?

Happy Hot ApS's registered address is Gammel Højmevej 191.