SN 2022 A/S

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CVR 40180656Kongelysvej 2, 2640 HedehuseneManufacture of other electrical equipment· NACE 2790Est. 2019 · 7 years old3 employees

Overview

SN 2022 A/S is a Danish A/S based in Hedehusene, operating in the Manufacture of other electrical equipment sector. Incorporated in 2019, the company has 3 employees and reported a gross profit of DKK 5.3m in its latest annual filing.

Gross profit 2020

5.3M DKK

+206% vs 2019

EBITDA margin (of gross profit)

20.9 %

+75% vs 2019

Net profit 2020

0.6M DKK

+52% vs 2019

Key ratios

See full ratios →

21.6 %

Weak

Among the 30% lowest rated companies in the industry

20192020

1.6×

Average

Around the average of companies in the same industry

20192020

4.4 %

Average

Around the average of companies in the same industry

20192020

EBITDA — year on year

DKK thousands

Key figures

Annual report 2020

Gross profit	5.3M DKK	+206%
EBITDA	1.1M DKK	+75%
Net profit	0.6M DKK	+52%
Total assets	14M DKK	+82%
Equity	3M DKK	+25%
Employees	3	—

Contact

Address

Kongelysvej 2, 2640 Hedehusene

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Financial development

In its most recent annual report (2020), SN 2022 A/S reported a gross profit of DKK 5.3m, an increase of 206% on the year before. The figures on this page draw on 2 annual filings covering 2019 to 2020. The bottom line showed a net profit of DKK 612.1k, and the EBITDA margin stood at 20.9%.

At the end of 2020, equity financed 21.6% of the balance sheet, and current assets covered short-term debt 1.6 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2020	2019
Gross profit	5,270	1,720
Staff expenses	-4,170	-1,091
EBITDA	1,100	629
Depreciation & amort.	-35	-11
EBIT	1,066	618
Net financials	-283	-93
Profit before tax	783	525
Tax	171	123
Net profit	612	402

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Balance sheet

DKK thousands

Item	2020	2019
Total assets	13,964	7,668
Equity	3,014	2,402
Long-term debt	2,500	0
Short-term debt	8,443	5,259
Total debt	10,943	5,259

Financial ratios

5-year trend

EBITDA margin (of gross profit)

20.9 %

20192020

Equity ratio

21.6 %

Weak

Among the 30% lowest rated companies in the industry

20192020

Return on equity

20.3 %

Average

Around the average of companies in the same industry

20192020

Net profit margin (of gross profit)

11.6 %

20192020

Asset turnover (of gross profit)

0.38×

20192020

Debt / equity

3.63×

Very weak

Among the 20% lowest rated companies in the industry

20192020

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)Average

Around the average of companies in the same industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Average

Around the average of companies in the same industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Strong

Among the 40% 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)Average

Around the average of companies in the same industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioStrong

Among the 40% 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 weak

Among the 10% 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 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 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 ratioStrong

Among the 30% 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 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 debtAverage

Around the average of companies in the same industry

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

Interest coverageAverage

Around the average of companies in the same 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 marginAverage

Around the average of companies in the same 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 equityStrong

Among the 30% highest 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.

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 2020
Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
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Annual report 2019
Filed via CVR / Virk · Period 2019-01-03 – 2019-12-31
View PDF