Aarhus Echo IVS
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Overview
Aarhus Echo IVS is a Danish IVS based in Aarhus C, operating in the Webportaler sector. Incorporated in 2017, the company reported revenue of DKK 40.0k in its latest annual filing.
Revenue 2020
40K DKK
+8% vs 2019
EBITDA margin
26.7 %
+137% vs 2019
Net profit 2020
0.2K DKK
+101% vs 2019
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
86.1 %
Very strongAmong the 20% highest rated companies in the industry
20182020
Liquidity ratioCurrent assets ÷ Short-term debt
1.7×
AverageAround the average of companies in the same industry
20182020
Return on assets (ROA)Net profit ÷ Total assets × 100
1.2 %
AverageAround the average of companies in the same industry
20182020
EBITDA — year on year
DKK thousandsKey figures
Annual report 2020| Revenue | 40K DKK | +8% |
| EBITDA | 10.7K DKK | +137% |
| Net profit | 0.2K DKK | +101% |
| Total assets | 13.8K DKK | -46% |
| Equity | 11.8K DKK | +1% |
| Employees | — | — |
Company information
Legal name
Aarhus Echo IVS
CVR number
38970240
Legal form
Iværksætterselskab
NACE code
631200 · Webportaler
Founded
28 September 2017 · 9 years
Share capital
DKK 1
Employees
—
VAT registered
No
Audit selected
No
Last report
2020-09-27
Financial year
January – December
Signatory rights
Virksomheden tegnes af direktionen
Contact
Address
Vester Allé 15, 8000 Aarhus C
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2020), Aarhus Echo IVS reported revenue of DKK 40.0k, an increase of 8% 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 167, and the EBITDA margin stood at 26.7%.
At the end of 2020, equity financed 86.1% of the balance sheet, and current assets covered short-term debt 1.7 times.
Financials
Revenue
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2020 | 2019 | 2018 |
|---|---|---|---|
| Revenue | 40 | 37 | 116 |
| Staff expenses | -0 | -0 | -0 |
| EBITDA | 11 | -29 | 53 |
| Depreciation & amort. | -5 | -5 | -0 |
| EBIT | 5 | -34 | 53 |
| Net financials | -0 | -0 | 0 |
| Profit before tax | 5 | -34 | 53 |
| Tax | 5 | -6 | 13 |
| Net profit | 0 | -28 | 40 |
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Balance sheet
DKK thousands| Item | 2020 | 2019 | 2018 |
|---|---|---|---|
| Total assets | 14 | 26 | 59 |
| Equity | 12 | 12 | 40 |
| Long-term debt | 0 | 7 | 13 |
| Short-term debt | 2 | 7 | 6 |
| Total debt | 2 | 14 | 19 |
Financial ratios
5-year trendEBITDA margin
26.7 %
20182020
Equity ratio
86.1 %
Very strongAmong the 20% highest rated companies in the industry
20182020
Return on equity
1.4 %
AverageAround the average of companies in the same industry
20182020
Net profit margin
0.4 %
AverageAround the average of companies in the same industry
20182020
Asset turnover
2.91×
Very strongAmong the 20% highest rated companies in the industry
20182020
Debt / equity
0.16×
Very strongAmong the 20% highest rated companies in the industry
20182020
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same 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 marginAverage
Around the average of companies in the same 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)Average
Around the average of companies in the same 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 ratioVery strong
Among the 20% 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 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 strong
Among the 10% 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 20% 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 strong
Among the 20% 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.
Debt ratioVery strong
Among the 20% highest 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 strong
Among the 20% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 30% highest 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 10% 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 20% highest 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 marginAverage
Around the average of companies in the same 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
Asset turnoverVery strong
Among the 20% 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 equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (2)
CH Management | Management | 2017 – 2017 |
TS Management | Management | 2017 – 2021 |
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 33.33–49.99% | 33.33–49.99% | 2017 | |
| Company | 100% | 100% | 2017 |
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Related companies
Company hierarchy
Cubel Holding ApS
Aarhus Echo IVS Board network connections
Board members of Aarhus Echo IVS also hold positions in 5 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Torsten Stistrup Cubel | Management | 3 companies |
| Carsten Holm | Management | 2 companies |
Frequently asked questions
What is the CVR number of Aarhus Echo IVS?
Aarhus Echo IVS is registered with CVR / Virk under CVR 38970240.
What is the revenue of Aarhus Echo IVS?
Aarhus Echo IVS reported revenue of DKK 40.0k in 2020.
Where is Aarhus Echo IVS headquartered?
Aarhus Echo IVS's registered address is Vester Allé 15.