Tungflyt CPH ApS

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CVR 39344491Rosenhaven 12, 4050 SkibbyRemoval services· NACE 4942Est. 2018 · 8 years old6 employees

Overview

Tungflyt CPH ApS is a Danish APS based in Skibby, operating in the Removal services sector. Incorporated in 2018, the company has 6 employees and reported revenue of DKK 2.3m in its latest annual filing.

Revenue 2020

2.3M DKK

+381% vs 2019

EBITDA margin

1.1 %

−87% vs 2019

Net profit 2020

0M DKK

-88% vs 2019

Key ratios

See full ratios →

-10.7 %

Very weak

Among the 20% lowest rated companies in the industry

20182020

0.9×

Weak

Among the 30% lowest rated companies in the industry

20182020

10.7 %

Strong

Among the 40% highest rated companies in the industry

20182020

EBITDA — year on year

DKK thousands

Key figures

Annual report 2020

Revenue	2.3M DKK	+381%
EBITDA	0M DKK	-87%
Net profit	0M DKK	-88%
Total assets	0.2M DKK	-8%
Equity	-0M DKK	-112%
Employees	6	—

Contact

Address

Rosenhaven 12, 4050 Skibby

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Financial development

In its most recent annual report (2020), Tungflyt CPH ApS reported revenue of DKK 2.3m, an increase of 381% 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 25.6k, and the EBITDA margin stood at 1.1%.

At the end of 2020, current assets covered short-term debt 0.9 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2020	2019	2018
Revenue	2,345	487	48
Staff expenses	-1,280	-0	-6
EBITDA	26	208	11
Depreciation & amort.	-0	-0	-0
EBIT	26	208	11
Net financials	-1	0	0
Profit before tax	26	208	11
Tax	-0	-0	-0
Net profit	26	208	11

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Balance sheet

DKK thousands

Item	2020	2019	2018
Total assets	240	261	56
Equity	-26	208	49
Long-term debt	0	0	0
Short-term debt	265	53	7
Total debt	265	53	7

Financial ratios

5-year trend

EBITDA margin

1.1 %

20182020

Equity ratio

-10.7 %

Very weak

Among the 20% lowest rated companies in the industry

20182020

Return on equity

—

20182020

Net profit margin

1.1 %

Weak

Among the 40% lowest rated companies in the industry

20182020

Asset turnover

9.79×

Very strong

Among the 10% highest rated companies in the industry

20182020

Debt / equity

—

20182020

Sector performance

20 of 28 ratios graded

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

Profitability

Gross marginStrong

Among the 30% highest rated companies in the 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 marginWeak

Among the 40% lowest 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 marginWeak

Among the 40% lowest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

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.

Basic earning power (BEP)Strong

Among the 40% 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 ratioWeak

Among the 40% 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.

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.

Liquidity

Current ratioWeak

Among the 30% 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.

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 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.

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 debtWeak

Among the 40% lowest rated companies in the industry

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

Interest coverageStrong

Among the 30% 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 40% 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.

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

Asset turnoverVery strong

Among the 10% highest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

One-year change in equityVery weak

Among the 10% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtVery weak

Among the 10% lowest 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.

Equity to contributed capitalNot rated

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

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

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 2018-02-06 – 2018-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (4)


MC Michael Christian Torben Serring Liquidator	Liquidator	2022 – 2022
MB Morten Brynjolf Pedersen Management	Management	2018 – 2018
DC Dorthe Christensen Management	Management	2018 – 2022
PN Palle Nygaard Chief Executive Officer	Chief Executive Officer	2018 – 2018

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Morten Brynjolf Pedersen	Individual	100%	100%	2018
Dorthe Christensen	Individual	100%	100%	2018
Palle Nygaard	Individual	100%	100%	2018

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Tungflyt CPH ApS also hold positions in 11 other companies.

Person	Role here	Other companies
Michael Christian Torben Serring	Liquidator	6 companiesMany roles
Palle Nygaard	Chief Executive Officer	3 companies
Morten Brynjolf Pedersen	Management	2 companies

Frequently asked questions

What is the CVR number of Tungflyt CPH ApS?

Tungflyt CPH ApS is registered with CVR / Virk under CVR 39344491.

What is the revenue of Tungflyt CPH ApS?

Tungflyt CPH ApS reported revenue of DKK 2.3m in 2020.

How many employees does Tungflyt CPH ApS have?

Tungflyt CPH ApS employs 6 people as of the latest annual report.

Where is Tungflyt CPH ApS headquartered?

Tungflyt CPH ApS's registered address is Rosenhaven 12.