Skiltebixen ApS

APSBankruptAdvertising protection

CVR 40256571Cikorievej 20, 5220 Odense SØActivities of advertising agencies· NACE 7311Est. 2019 · 7 years old21 employees

Overview

Skiltebixen ApS is a Danish APS based in Odense SØ, operating in the Activities of advertising agencies sector. Incorporated in 2019, the company has 21 employees and reported a gross profit of DKK 9.6m in its latest annual filing.

Gross profit 2022

9.6M DKK

+80% vs 2021

EBITDA margin (of gross profit)

9.2 %

+149% vs 2021

Net profit 2022

0.5M DKK

+129% vs 2021

Key ratios

See full ratios →

12.5 %

Very weak

Among the 20% lowest rated companies in the industry

20192022

1.1×

Weak

Among the 30% lowest rated companies in the industry

20192022

6.8 %

Average

Around the average of companies in the same industry

20192022

EBITDA — year on year

DKK thousands

Key figures

Annual report 2022

Gross profit	9.6M DKK	+80%
EBITDA	0.9M DKK	+149%
Net profit	0.5M DKK	+129%
Total assets	6.9M DKK	+23%
Equity	0.9M DKK	+118%
Employees	21	—

Contact

Address

Cikorievej 20, 5220 Odense SØ

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2022), Skiltebixen ApS reported a gross profit of DKK 9.6m, an increase of 80% on the year before. The figures on this page draw on 4 annual filings covering 2019 to 2022. The bottom line showed a net profit of DKK 467.9k, and the EBITDA margin stood at 9.2%.

At the end of 2022, equity financed 12.5% of the balance sheet, and current assets covered short-term debt 1.1 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2022	2021	2020	2019
Revenue	9,550	5,300	1,509	944
Staff expenses	-8,667	-4,945	-1,033	-440
EBITDA	883	355	476	-215
Depreciation & amort.	-178	-73	-0	-0
EBIT	706	282	476	-215
Net financials	-91	-10	-5	-0
Profit before tax	615	272	470	-215
Tax	147	68	64	-0
Net profit	468	204	407	-215

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Balance sheet

DKK thousands

Item	2022	2021	2020	2019
Total assets	6,929	5,652	1,254	306
Equity	863	395	191	-215
Long-term debt	26	160	0	0
Short-term debt	5,896	5,044	1,053	521
Total debt	5,923	5,204	1,053	521

Financial ratios

5-year trend

EBITDA margin

9.2 %

20192022

Equity ratio

12.5 %

Very weak

Among the 20% lowest rated companies in the industry

20192022

Return on equity

54.2 %

Strong

Among the 30% highest rated companies in the industry

20192022

Net profit margin

4.9 %

20192022

Asset turnover

1.38×

20192022

Debt / equity

7.03×

Very weak

Among the 10% lowest rated companies in the industry

20192022

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)Strong

Among the 30% 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)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 30% 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)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 ratioAverage

Around the average of companies in the same 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 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 30% 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 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 capitalWeak

Among the 30% lowest 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 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 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 10% 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 10% 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 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 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 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 equityVery strong

Among the 10% highest 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 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 2019-02-13 – 2019-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


ME Morten Elbrønd Liquidator	Liquidator	2024 – 2024
LN Lars Nielsen Chief Executive Officer	Chief Executive Officer	2019 – 2024

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Lars Nielsen	Individual	100%	100%	2020
MANOHARAN HOLDING ApS	Company	20–24.99%	20–24.99%	2019

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

MANOHARAN HOLDING ApS20%

Skiltebixen ApS (this company)

Board network connections

Board members of Skiltebixen ApS also hold positions in 10 other companies.

Person	Role here	Other companies
Morten Elbrønd	Liquidator	6 companiesMany roles
Lars Nielsen	Chief Executive Officer	4 companies

Frequently asked questions

What is the CVR number of Skiltebixen ApS?

Skiltebixen ApS is registered with CVR / Virk under CVR 40256571.

What is the gross profit of Skiltebixen ApS?

Skiltebixen ApS reported a gross profit of DKK 9.6m in 2022.

How many employees does Skiltebixen ApS have?

Skiltebixen ApS employs 21 people as of the latest annual report.

Where is Skiltebixen ApS headquartered?

Skiltebixen ApS's registered address is Cikorievej 20.