Toneselskabet ApS

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CVR 39018330Hermodsvej 5B, 8230 ÅbyhøjOther financial service activities, except insurance and pension funding n.e.c.· NACE 6499Est. 2017 · 8 years old1 employees

Overview

Toneselskabet ApS is a Danish APS based in Åbyhøj, operating in the Other financial service activities, except insurance and pension funding n.e.c. sector. Incorporated in 2017, the company has 1 employee and reported a gross profit of DKK 269.0k in its latest annual filing.

Gross profit 2019

269K DKK

+568% vs 2018

EBITDA margin (of gross profit)

63.9 %

+422% vs 2018

Net profit 2019

129.4K DKK

+378% vs 2018

Key ratios

See full ratios →

60.5 %

Weak

Among the 30% lowest rated companies in the industry

20182019

2.3×

Weak

Among the 40% lowest rated companies in the industry

20182019

94.2 %

Very strong

Among the 10% highest rated companies in the industry

20182019

EBITDA — year on year

DKK thousands

Key figures

Annual report 2019

Gross profit	269K DKK	+568%
EBITDA	171.9K DKK	+422%
Net profit	129.4K DKK	+378%
Total assets	137.4K DKK	+205%
Equity	83.1K DKK	+279%
Employees	1	—

Contact

Address

Hermodsvej 5B, 8230 Åbyhøj

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Financial development

In its most recent annual report (2019), Toneselskabet ApS reported a gross profit of DKK 269.0k, an increase of 568% on the year before. The figures on this page draw on 2 annual filings covering 2018 to 2019. The bottom line showed a net profit of DKK 129.4k, and the EBITDA margin stood at 63.9%.

At the end of 2019, equity financed 60.5% of the balance sheet, and current assets covered short-term debt 2.3 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2019	2018
Gross profit	269	40
Staff expenses	-97	-94
EBITDA	172	-53
Depreciation & amort.	-4	-6
EBIT	168	-59
Net financials	-0	-0
Profit before tax	167	-59
Tax	38	-13
Net profit	129	-46

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Balance sheet

DKK thousands

Item	2019	2018
Total assets	137	45
Equity	83	-46
Long-term debt	0	0
Short-term debt	54	91
Total debt	54	91

Financial ratios

5-year trend

EBITDA margin (of gross profit)

63.9 %

20182019

Equity ratio

60.5 %

Weak

Among the 30% lowest rated companies in the industry

20182019

Return on equity

155.9 %

Very strong

Among the 10% highest rated companies in the industry

20182019

Net profit margin (of gross profit)

48.1 %

20182019

Asset turnover (of gross profit)

1.96×

20182019

Debt / equity

0.65×

Weak

Among the 30% lowest rated companies in the industry

20182019

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 strong

Among the 10% 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)Very strong

Among the 10% 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 10% 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 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.

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 ratioWeak

Among the 40% 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 ratioWeak

Among the 40% 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 ratioStrong

Among the 40% 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 10% 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 capitalAverage

Around the average of companies in the same 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 20% highest rated companies in the industry

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

Debt & solvency

Solidity ratioWeak

Among the 30% 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 30% 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 equityWeak

Among the 30% 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 equityWeak

Among the 30% 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 debtStrong

Among the 30% highest rated companies in the 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 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 30% highest rated companies in the industry

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

Interest marginVery strong

Among the 10% 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 capitalWeak

Among the 30% 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 debtVery strong

Among the 20% 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 2019
Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2017-10-17 – 2018-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (3)


FE Frank Edvard Hansen Founder	Founder	2017 – 2020
TS Torben Simonsen Management	Management	2018 – 2020
TA Thomas Agerfeldt Olesen Management	Management	2017 – 2018

Board of directors

Non-executive oversight

Name	Role	Member since

Former (4)


FE Frank Edvard Hansen Chairman	Chairman	2017 – 2020
TS Torben Simonsen Board of Directors	Board of Directors	2017 – 2020
AL Adam Langwadt Board of Directors	Board of Directors	2017 – 2020
TA Thomas Agerfeldt Olesen Board of Directors	Board of Directors	2017 – 2020

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Frank Edvard Hansen	Individual	25–33.32%	25–33.32%	2018
Rigtig Holdingselskab ApS	Company	25–33.32%	25–33.32%	2018
Torben Simonsen	Individual	25–33.32%	25–33.32%	2018
Thomas Agerfeldt Olesen	Individual	5–9.99%	5–9.99%	2018

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Related companies

Company hierarchy

Rigtig Holdingselskab ApS25%

Toneselskabet ApS (this company)

Board network connections

Board members of Toneselskabet ApS also hold positions in 3 other companies.

Person	Role here	Other companies
Adam Langwadt	Board of Directors	3 companies

Frequently asked questions

What is the CVR number of Toneselskabet ApS?

Toneselskabet ApS is registered with CVR / Virk under CVR 39018330.

What is the gross profit of Toneselskabet ApS?

Toneselskabet ApS reported a gross profit of DKK 269.0k in 2019.

How many employees does Toneselskabet ApS have?

Toneselskabet ApS employs 1 people as of the latest annual report.

Where is Toneselskabet ApS headquartered?

Toneselskabet ApS's registered address is Hermodsvej 5B, 3..