The Element ApS

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CVR 40325034Akeq 25, 3905 NuussuaqOther specialised construction activities n.e.c.· NACE 4399Est. 2019 · 7 years old— employees

Overview

The Element ApS is a Danish APS based in Nuussuaq, operating in the Other specialised construction activities n.e.c. sector. Incorporated in 2019, the company reported a gross profit of DKK 8.8m in its latest annual filing.

Gross profit 2025

8.8M DKK

+19% vs 2024

EBITDA margin (of gross profit)

−91.2 %

−15% vs 2024

Net profit 2025

-11.1M DKK

-17% vs 2024

Key ratios

See full ratios →

-104.4 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

0.7×

Very weak

Among the 20% lowest rated companies in the industry

20212025

-41.5 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

EBITDA — year on year

DKK millions

Key figures

Annual report 2025

Gross profit	8.8M DKK	+19%
EBITDA	-8.1M DKK	-15%
Net profit	-11.1M DKK	-17%
Total assets	26.9M DKK	-4%
Equity	-28M DKK	-66%
Employees	—	—

Contact

Address

Akeq 25, 3905 Nuussuaq

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Financial development

In its most recent annual report (2025), The Element ApS reported a gross profit of DKK 8.8m, an increase of 19% 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 11.1m, and the EBITDA margin stood at -91.2%.

At the end of 2025, current assets covered short-term debt 0.7 times.

Financials

Gross profit

DKK millions

EBITDA

DKK millions

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	8,846	7,427	3,370	24,510	18,124
Staff expenses	-16,917	-14,511	-18,971	-15,934	-18,903
EBITDA	-8,071	-7,012	-15,621	8,576	-779
Depreciation & amort.	-3,117	-3,638	-3,616	-3,092	-2,331
EBIT	-11,188	-10,649	-19,237	5,484	-3,111
Net financials	-3,278	-2,064	-2,214	-1,347	-465
Profit before tax	-14,466	-12,714	-21,452	4,138	-3,575
Tax	-3,326	-3,167	-5,327	1,128	-923
Net profit	-11,140	-9,547	-16,125	3,010	-2,653

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	26,861	28,077	51,423	63,985	49,730
Equity	-28,033	-16,893	-7,346	8,779	5,770
Long-term debt	28,051	26,560	19,558	24,099	14,632
Short-term debt	24,143	18,409	31,311	30,703	29,329
Total debt	52,194	44,969	50,868	54,802	43,961

Financial ratios

5-year trend

EBITDA margin (of gross profit)

-91.2 %

20212025

Equity ratio

-104.4 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

Return on equity

—

20212025

Net profit margin (of gross profit)

-125.9 %

20212025

Asset turnover (of gross profit)

0.33×

20212025

Debt / equity

—

20212025

Sector performance

17 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

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.

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 10% 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.

Return on equity (ROE)Not rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

Return on net assets (RONA)Not rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Liquidity

Current ratioVery weak

Among the 20% 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 ratioVery weak

Among the 20% 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 20% lowest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Fixed assets to long-term capitalVery weak

Among the 10% 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 weak

Among the 20% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Current assets to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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.

Debt & solvency

Solidity ratioVery weak

Among the 10% 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 ratioVery weak

Among the 10% 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.

Income to debtVery weak

Among the 20% 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 20% 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 debtVery weak

Among the 10% 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 10% 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.

Debt to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Efficiency & development

Equity to contributed capitalVery weak

Among the 10% 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 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.

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 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 (3)
HN Hanne Nyborg Founder	Founder	2019
PH Peter Hinnerup Management	Management	2019
MS Maren Sander Granlien Founder	Founder	2019

Board of directors

Non-executive oversight

Name	Role	Member since
Current (3)
HN Hanne Nyborg Board of Directors	Board of Directors	2019
MS Maren Sander Granlien Board of Directors	Board of Directors	2019
AK Anne-Line Kronborg Danielsen Chairman	Chairman	2019

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Hanne Nyborg	Individual	33.33–49.99%	33.33–49.99%	2019
Peter Hinnerup	Individual	33.33–49.99%	33.33–49.99%	2019
Maren Sander Granlien	Individual	33.33–49.99%	33.33–49.99%	2019

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of The Element ApS also hold positions in 16 other companies.

Person	Role here	Other companies
Hanne Nyborg	Founder	5 companies
Maren Sander Granlien	Founder	5 companies
Peter Hinnerup	Management	4 companies
Anne-Line Kronborg Danielsen	Chairman	2 companies

Frequently asked questions

What is the CVR number of The Element ApS?

The Element ApS is registered with CVR / Virk under CVR 40325034.

What is the gross profit of The Element ApS?

The Element ApS reported a gross profit of DKK 8.8m in 2025.

Who is the chairman of The Element ApS?

Anne-Line Kronborg Danielsen chairs the board of The Element ApS.

Where is The Element ApS headquartered?

The Element ApS's registered address is Akeq 25.