Flex VVS ApS

APSBankruptAdvertising protection

CVR 39805596Frydensbergvej 23, 3660 StenløsePlumbing, heat and air-conditioning installation· NACE 4322Est. 2018 · 8 years old5 employees

Overview

Flex VVS ApS is a Danish APS based in Stenløse, operating in the Plumbing, heat and air-conditioning installation sector. Incorporated in 2018, the company has 5 employees and reported a gross profit of DKK 4.6m in its latest annual filing.

Gross profit 2021

4.6M DKK

−5% vs 2020

EBITDA margin (of gross profit)

3.8 %

−81% vs 2020

Net profit 2021

0M DKK

-92% vs 2020

Key ratios

See full ratios →

20.3 %

Weak

Among the 30% lowest rated companies in the industry

20192021

1.3×

Weak

Among the 40% lowest rated companies in the industry

20192021

0.9 %

Weak

Among the 40% lowest rated companies in the industry

20192021

EBITDA — year on year

DKK thousands

Key figures

Annual report 2021

Gross profit	4.6M DKK	-5%
EBITDA	0.2M DKK	-81%
Net profit	0M DKK	-92%
Total assets	5.3M DKK	+46%
Equity	1.1M DKK	+5%
Employees	5	—

Contact

Address

Frydensbergvej 23, 3660 Stenløse

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Financial development

In its most recent annual report (2021), Flex VVS ApS reported a gross profit of DKK 4.6m, a decrease of 5% on the year before. The figures on this page draw on 3 annual filings covering 2019 to 2021. The bottom line showed a net profit of DKK 47.4k, and the EBITDA margin stood at 3.8%.

At the end of 2021, equity financed 20.3% 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	2021	2020	2019
Gross profit	4,553	4,771	3,823
Staff expenses	-4,381	-3,891	-2,906
EBITDA	172	880	917
Depreciation & amort.	-85	-85	-41
EBIT	87	795	876
Net financials	-6	-8	-2
Profit before tax	81	787	874
Tax	33	191	198
Net profit	47	596	676

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Balance sheet

DKK thousands

Item	2021	2020	2019
Total assets	5,259	3,603	2,888
Equity	1,070	1,023	726
Long-term debt	54	283	0
Short-term debt	4,081	2,223	1,645
Total debt	4,136	2,506	1,645

Financial ratios

5-year trend

EBITDA margin (of gross profit)

3.8 %

20192021

Equity ratio

20.3 %

Weak

Among the 30% lowest rated companies in the industry

20192021

Return on equity

4.4 %

Weak

Among the 40% lowest rated companies in the industry

20192021

Net profit margin (of gross profit)

1.0 %

20192021

Asset turnover (of gross profit)

0.87×

20192021

Debt / equity

3.91×

Very weak

Among the 20% lowest rated companies in the industry

20192021

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)Weak

Among the 40% 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 40% 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)Weak

Among the 40% 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)Weak

Among the 40% 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 ratioWeak

Among the 30% 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 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 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 ratioVery weak

Among the 20% lowest 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 capitalStrong

Among the 30% 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 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 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 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 debtWeak

Among the 40% lowest rated companies in the 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 coverageWeak

Among the 40% 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 marginWeak

Among the 40% 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 capitalStrong

Among the 30% 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 weak

Among the 20% lowest 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 2021
Filed via CVR / Virk · Period 2020-10-01 – 2021-09-30
View PDF
Annual report 2020
Filed via CVR / Virk · Period 2019-10-01 – 2020-09-30
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2018-08-21 – 2019-09-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


SS Søren Sandvig Management	Management	2022 – 2022
SM Sajad Meatham Hasan Al-Tewaj Management	Management	2018 – 2022

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
FV1 Holding ApS	Company	66.67–89.99%	66.67–89.99%	2018
SSA KONCEPT ApS	Company	25–33.32%	25–33.32%	2018

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

FV1 Holding ApS66.67%

SSA KONCEPT ApS25%

Flex VVS ApS (this company)

Board network connections

Board members of Flex VVS ApS also hold positions in 13 other companies.

Person	Role here	Other companies
Søren Sandvig	Management	10 companiesMany roles
Sajad Meatham Hasan Al-Tewaj	Management	3 companies

Frequently asked questions

What is the CVR number of Flex VVS ApS?

Flex VVS ApS is registered with CVR / Virk under CVR 39805596.

What is the gross profit of Flex VVS ApS?

Flex VVS ApS reported a gross profit of DKK 4.6m in 2021.

How many employees does Flex VVS ApS have?

Flex VVS ApS employs 5 people as of the latest annual report.

Where is Flex VVS ApS headquartered?

Flex VVS ApS's registered address is Frydensbergvej 23.