Pure Algae Denmark ApS

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CVR 39807149Havnecentervej 1, 8500 GrenaaResearch and experimental development on natural sciences and engineering· NACE 7210Est. 2018 · 8 years old13 employeeshttps://www.purealgae.dk

Overview

Pure Algae Denmark ApS is a Danish APS based in Grenaa, operating in the Research and experimental development on natural sciences and engineering sector. Incorporated in 2018, the company has 13 employees and reported a gross profit of DKK 1.6m in its latest annual filing.

Gross profit 2025

1.6M DKK

−24% vs 2024

EBITDA margin (of gross profit)

−79.5 %

−113% vs 2024

Net profit 2025

-0.8M DKK

-54% vs 2024

Key ratios

See full ratios →

42.4 %

Weak

Among the 40% lowest rated companies in the industry

20212025

2.8×

Strong

Among the 40% highest rated companies in the industry

20212025

-57.0 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	1.6M DKK	-24%
EBITDA	-1.3M DKK	-113%
Net profit	-0.8M DKK	-54%
Total assets	1.5M DKK	-32%
Equity	0.6M DKK	-57%
Employees	13	—

Contact

Address

Havnecentervej 1, 8500 Grenaa

info@purealgae.dk

Website

https://www.purealgae.dk

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2025), Pure Algae Denmark ApS reported a gross profit of DKK 1.6m, a decrease of 24% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 846.7k, and the EBITDA margin stood at -79.5%.

At the end of 2025, equity financed 42.4% of the balance sheet, and current assets covered short-term debt 2.8 times. Pure Algae Denmark ApS is one of 2 companies registered under Research and experimental development on natural sciences and engineering in Denmark.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	1,642	2,149	849	884	-223
Staff expenses	-2,949	-2,762	-2,467	-1,955	-1,203
EBITDA	-1,306	-614	-1,618	-1,071	-1,426
Depreciation & amort.	-159	-246	-209	-90	-0
EBIT	-1,465	-860	-1,827	-1,161	-1,426
Net financials	-36	-6	-86	-48	-8
Profit before tax	-1,502	-866	-1,912	-1,209	-1,434
Tax	-655	-318	-0	-20	-0
Net profit	-847	-548	-1,912	-1,189	-1,434

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	1,485	2,184	709	841	794
Equity	630	1,477	-2,531	-619	570
Long-term debt	345	400	2,208	1,144	100
Short-term debt	510	307	986	315	124
Total debt	855	707	3,194	1,459	224

Financial ratios

5-year trend

EBITDA margin (of gross profit)

-79.5 %

20212025

Equity ratio

42.4 %

Weak

Among the 40% lowest rated companies in the industry

20212025

Return on equity

-134.3 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

Net profit margin (of gross profit)

-51.6 %

20212025

Asset turnover (of gross profit)

1.11×

20212025

Debt / equity

1.36×

Weak

Among the 30% lowest rated companies in the industry

20212025

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 weak

Among the 10% 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)Very weak

Among the 10% 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)Very weak

Among the 10% 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)Very weak

Among the 10% 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 ratioVery weak

Among the 20% 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 ratioStrong

Among the 40% highest 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 ratioStrong

Among the 40% highest 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 ratioWeak

Among the 30% 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 equityWeak

Among the 30% 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 40% 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 40% 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 debtVery weak

Among the 10% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery weak

Among the 10% lowest rated companies in the industry

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

Interest coverageVery weak

Among the 20% lowest rated companies in the industry

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

Interest rate on debtWeak

Among the 30% lowest rated companies in the industry

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

Interest marginVery weak

Among the 20% 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 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 weak

Among the 20% lowest rated companies in the industry

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

One-year change in debtWeak

Among the 40% 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 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
ER Esben Rimi Christiansen Chief Executive Officer	Chief Executive Officer	2021

Board of directors

Non-executive oversight

Name	Role	Member since
Current (5)
ER Esben Rimi Christiansen Board of Directors	Board of Directors	2021
SB Søren Bøgesgaard Niebuhr Chairman	Chairman	2023
SH Steen Henriksen Board of Directors	Board of Directors	2023
KN Klaus Nørgaard Board of Directors	Board of Directors	2026
PR Peter Rydberg Board of Directors	Board of Directors	2021

Former (2)


JD Jakob Dyhr Board of Directors	Board of Directors	2022 – 2023
KB Karsten Brixen Board of Directors	Board of Directors	2024 – 2026

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Pure Algae Denmark Holding ApS	Company	50–66.65%	50–66.65%	2024
SOF-ODDEN CAVIAR A/S	Company	5–9.99%	5–9.99%	2021
Kick Green Invest ApS	Company	5–9.99%	5–9.99%	2021
PB Rydberg Holding ApS	Company	5–9.99%	5–9.99%	2021
SABIA ApS	Company	5–9.99%	5–9.99%	2022
Esben Rimi Christiansen	Individual	100%	100%	2018
BUSINESS CONNECT Invest ApS	Company	5–9.99%	5–9.99%	2021

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

Sof-Odden Caviar A/S5%

SABIA ApS5%

PB Rydberg Holding ApS5%

Pure Algae Denmark Holding ApS50%

Kick Green Invest ApS5%

BUSINESS CONNECT Invest ApS5%

Pure Algae Denmark ApS (this company)

Board network connections

Board members of Pure Algae Denmark ApS also hold positions in 24 other companies.

Person	Role here	Other companies
Søren Bøgesgaard Niebuhr	Chairman	5 companies
Karsten Brixen	Board of Directors	5 companies
Steen Henriksen	Board of Directors	5 companies
Klaus Nørgaard	Board of Directors	4 companies
Peter Rydberg	Board of Directors	3 companies
Esben Rimi Christiansen	Chief Executive Officer	1 company
Jakob Dyhr	Board of Directors	1 company

Frequently asked questions

What is the CVR number of Pure Algae Denmark ApS?

Pure Algae Denmark ApS is registered with CVR / Virk under CVR 39807149.

What is the gross profit of Pure Algae Denmark ApS?

Pure Algae Denmark ApS reported a gross profit of DKK 1.6m in 2025.

How many employees does Pure Algae Denmark ApS have?

Pure Algae Denmark ApS employs 13 people as of the latest annual report.

Who is the CEO of Pure Algae Denmark ApS?

Esben Rimi Christiansen is the CEO of Pure Algae Denmark ApS, in role since 2021.

Who is the chairman of Pure Algae Denmark ApS?

Søren Bøgesgaard Niebuhr chairs the board of Pure Algae Denmark ApS, in role since 2023.

Where is Pure Algae Denmark ApS headquartered?

Pure Algae Denmark ApS's registered address is Havnecentervej 1.