Bentley Technology ApS

APSIn liquidationAdvertising protection

CVR 39975254Sandfeldvej 24, 7330 BrandeManufacture of instruments and appliances for measuring, testing and navigation· NACE 2651Est. 2018 · 7 years old1 employees

Overview

Bentley Technology ApS is a Danish APS based in Brande, operating in the Manufacture of instruments and appliances for measuring, testing and navigation sector. Incorporated in 2018, the company has 1 employee and reported a gross profit of DKK 1.2m in its latest annual filing.

Gross profit 2023

1.2M DKK

+151% vs 2022

EBITDA margin (of gross profit)

38.6 %

+668% vs 2022

Net profit 2023

0.4M DKK

+709% vs 2022

Key ratios

See full ratios →

29.0 %

Weak

Among the 40% lowest rated companies in the industry

20192023

1.4×

Average

Around the average of companies in the same industry

20192023

165.4 %

Very strong

Among the 10% highest rated companies in the industry

20192023

EBITDA — year on year

DKK thousands

Key figures

Annual report 2023

Gross profit	1.2M DKK	+151%
EBITDA	0.4M DKK	+668%
Net profit	0.4M DKK	+709%
Total assets	0.2M DKK	+9%
Equity	0.1M DKK	+121%
Employees	1	—

Contact

Address

Sandfeldvej 24, 7330 Brande

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2023), Bentley Technology ApS reported a gross profit of DKK 1.2m, an increase of 151% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net profit of DKK 350.8k, and the EBITDA margin stood at 38.6%.

At the end of 2023, equity financed 29% of the balance sheet, and current assets covered short-term debt 1.4 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2023	2022	2021	2020	2019
Revenue	1,164	464	-136	-82	0
Staff expenses	-715	-405	-107	-0	-0
EBITDA	449	58	-243	-82	-93
Depreciation & amort.	-0	-0	-0	-0	-11
EBIT	449	58	-243	-82	-104
Net financials	0	-3	-2	-0	-1
Profit before tax	450	56	-245	-83	-105
Tax	99	12	-95	-0	-0
Net profit	351	43	-150	-83	-105

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Balance sheet

DKK thousands

Item	2023	2022	2021	2020	2019
Total assets	212	195	828	279	22
Equity	62	-289	-333	-182	-100
Long-term debt	0	0	44	0	0
Short-term debt	151	485	1,117	461	122
Total debt	151	485	1,161	461	122

Financial ratios

5-year trend

EBITDA margin

38.6 %

20192023

Equity ratio

29.0 %

Weak

Among the 40% lowest rated companies in the industry

20192023

Return on equity

569.2 %

Very strong

Among the 10% highest rated companies in the industry

20192023

Net profit margin

30.1 %

20192023

Asset turnover

5.49×

20192023

Debt / equity

2.44×

Weak

Among the 30% lowest rated companies in the industry

20192023

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 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 ratioVery strong

Among the 20% 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 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 capitalVery strong

Among the 10% 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 ratioAverage

Around the average of companies in the same 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 strong

Among the 10% 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 debtVery strong

Among the 20% 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 10% 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 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
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

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (1)


KB Karsten Bentley Nørtoft Chief Executive Officer	Chief Executive Officer	2018 – 2024

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Karsten Bentley Nørtoft	Individual	100%	100%	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

No registered parent or subsidiaries

Board network connections

Board members of Bentley Technology ApS also hold positions in 1 other company.

Person	Role here	Other companies
Karsten Bentley Nørtoft	Chief Executive Officer	1 company

Frequently asked questions

What is the CVR number of Bentley Technology ApS?

Bentley Technology ApS is registered with CVR / Virk under CVR 39975254.

What is the gross profit of Bentley Technology ApS?

Bentley Technology ApS reported a gross profit of DKK 1.2m in 2023.

How many employees does Bentley Technology ApS have?

Bentley Technology ApS employs 1 people as of the latest annual report.

Where is Bentley Technology ApS headquartered?

Bentley Technology ApS's registered address is Sandfeldvej 24.