Larstern Ejendomme ApS

APSDissolvedAdvertising protection

CVR 38953176Blangstedgårdsvej 8, 5220 Odense SØRental and operating of own or leased real estate· NACE 6820Est. 2017 · 9 years old— employees

Overview

Larstern Ejendomme ApS is a Danish APS based in Odense SØ, operating in the Rental and operating of own or leased real estate sector. Incorporated in 2017, the company reported a gross profit of DKK 334.5k in its latest annual filing.

Gross profit 2020

0.3M DKK

+133% vs 2019

EBITDA margin (of gross profit)

100.0 %

+133% vs 2019

Net profit 2020

0.2M DKK

+460% vs 2019

Key ratios

See full ratios →

20.9 %

Very weak

Among the 20% lowest rated companies in the industry

20182020

0.3×

Very weak

Among the 20% lowest rated companies in the industry

20182020

6.1 %

Strong

Among the 40% highest rated companies in the industry

20182020

EBITDA — year on year

DKK thousands

Key figures

Annual report 2020

Gross profit	0.3M DKK	+133%
EBITDA	0.3M DKK	+133%
Net profit	0.2M DKK	+460%
Total assets	3.1M DKK	-5%
Equity	0.6M DKK	+42%
Employees	—	—

Contact

Address

Blangstedgårdsvej 8, 5220 Odense SØ

Advertising protection

Active — opted out of marketing use

Risika for professionals

Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.

Visit risika.com

Financial development

In its most recent annual report (2020), Larstern Ejendomme ApS reported a gross profit of DKK 334.5k, an increase of 133% on the year before. The figures on this page draw on 3 annual filings covering 2018 to 2020. The bottom line showed a net profit of DKK 189.1k, and the EBITDA margin stood at 100%.

At the end of 2020, equity financed 20.9% of the balance sheet, and current assets covered short-term debt 0.3 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2020	2019	2018
Gross profit	334	143	82
Staff expenses	-0	-0	-0
EBITDA	334	143	82
Depreciation & amort.	-41	-41	-29
EBIT	294	103	53
Net financials	-51	-59	-115
Profit before tax	242	44	-63
Tax	53	10	-14
Net profit	189	34	-49

Get a credit rating – not just the numbers

Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.

See the credit rating

Balance sheet

DKK thousands

Item	2020	2019	2018
Total assets	3,082	3,256	2,549
Equity	644	455	-49
Long-term debt	1,641	1,715	1,847
Short-term debt	640	956	752
Total debt	2,282	2,672	2,598

Financial ratios

5-year trend

EBITDA margin (of gross profit)

100.0 %

20182020

Equity ratio

20.9 %

Very weak

Among the 20% lowest rated companies in the industry

20182020

Return on equity

29.3 %

Very strong

Among the 20% highest rated companies in the industry

20182020

Net profit margin (of gross profit)

56.5 %

20182020

Asset turnover (of gross profit)

0.11×

20182020

Debt / equity

3.78×

Very weak

Among the 10% lowest rated companies in the industry

20182020

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 20% 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 40% 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 20% 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 10% 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 ratioVery weak

Among the 20% 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 20% 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 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 equityStrong

Among the 30% 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 weak

Among the 10% lowest 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 ratioVery strong

Among the 10% highest rated companies in the industry

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

Debt & solvency

Solidity ratioVery weak

Among the 20% 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 20% 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 10% 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 10% 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 debtAverage

Around the average of companies in the same 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 10% highest rated companies in the industry

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

Interest rate on debtStrong

Among the 40% highest rated companies in the industry

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

Interest marginStrong

Among the 30% 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 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 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 debtStrong

Among the 30% 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.

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 2017-09-11 – 2018-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


AL Allan Linde Larsen Management	Management	2017 – 2022
BL Bjarne Lundgaard Terndrup 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
BLT - Group ApS	Company	50–66.65%	50–66.65%	2017
ALLLAR HOLDING 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.

One in three Danish companies experiences fraud

Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.

See the fraud module

Related companies

Company hierarchy

BLT - Group ApS50%

ALLLAR HOLDING ApS50%

Larstern Ejendomme ApS (this company)

Board network connections

Board members of Larstern Ejendomme ApS also hold positions in 4 other companies.

Person	Role here	Other companies
Bjarne Lundgaard Terndrup	Chief Executive Officer	3 companies
Allan Linde Larsen	Management	1 company

Frequently asked questions

What is the CVR number of Larstern Ejendomme ApS?

Larstern Ejendomme ApS is registered with CVR / Virk under CVR 38953176.

What is the gross profit of Larstern Ejendomme ApS?

Larstern Ejendomme ApS reported a gross profit of DKK 334.5k in 2020.

Where is Larstern Ejendomme ApS headquartered?

Larstern Ejendomme ApS's registered address is Blangstedgårdsvej 8.