Pitco ApS

Q: What is the CVR number of Pitco ApS?

Pitco ApS is registered with CVR / Virk under CVR 40529179.

Q: Where is Pitco ApS headquartered?

Pitco ApS's registered address is Teglgårdsvej 51, 2. tv.

APSBankruptAdvertising protection

CVR 40529179Teglgårdsvej 51, 2920 CharlottenlundComputer programming activities· NACE 6210Est. 2019 · 7 years old— employees

Overview

Pitco ApS is a Danish APS based in Charlottenlund, operating in the Computer programming activities sector. Incorporated in 2019, the company reported a gross profit of DKK 0 in its latest annual filing.

Gross profit 2023

0K DKK

EBITDA margin

—

Net profit 2023

-6.3K DKK

-65% vs 2022

Key ratios

See full ratios →

31.5 %

Weak

Among the 40% lowest rated companies in the industry

20192023

0.0×

20192023

-5.0 %

Weak

Among the 40% lowest rated companies in the industry

20192023

EBITDA — year on year

DKK

Key figures

Annual report 2023

Gross profit	0K DKK	—
EBITDA	0K DKK	—
Net profit	-6.3K DKK	-65%
Total assets	127K DKK	-20%
Equity	40K DKK	0%
Employees	—	—

Contact

Address

Teglgårdsvej 51, 2920 Charlottenlund

Advertising protection

Active — opted out of marketing use

Risika for professionals

Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.

Visit risika.com

Financial development

In its most recent annual report (2023), Pitco ApS reported a gross profit of DKK 0. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net loss of DKK 6.3k.

At the end of 2023, equity financed 31.5% of the balance sheet.

Financials

Gross profit

DKK

EBITDA

DKK

Income statement

DKK thousands

Item	2023	2022	2021	2020	2019
Gross profit	0	0	-3	-3	-3
Staff expenses	-0	-0	-0	-0	-0
EBITDA	0	0	-3	-3	-3
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	0	0	-3	-3	-3
Net financials	-6	-4	79	-174	286
Profit before tax	-6	-4	76	-177	284
Tax	-0	-0	-0	-0	-1
Net profit	-6	-4	76	-177	284

Get a credit rating – not just the numbers

Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.

See the credit rating

Balance sheet

DKK thousands

Item	2023	2022	2021	2020	2019
Total assets	127	159	162	123	327
Equity	40	40	113	37	324
Long-term debt	87	119	0	0	0
Short-term debt	0	0	49	86	3
Total debt	87	119	49	86	3

Financial ratios

5-year trend

EBITDA margin (of gross profit)

0.0 %

20192023

Equity ratio

31.5 %

Weak

Among the 40% lowest rated companies in the industry

20192023

Return on equity

-15.8 %

Very weak

Among the 20% lowest rated companies in the industry

20192023

Net profit margin (of gross profit)

<−999 %

20192023

Asset turnover (of gross profit)

0.00×

20192023

Debt / equity

2.18×

Very weak

Among the 20% lowest rated companies in the industry

20192023

Sector performance

19 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 20% 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)Weak

Among the 40% 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 20% 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)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.

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.

Capacity ratioNot rated

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

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.

Liquidity

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 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 ratioNot rated

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

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 ratioNot rated

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

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 ratioNot rated

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

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

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 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 debtWeak

Among the 40% lowest rated companies in the 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 debtVery weak

Among the 20% lowest rated companies in the industry

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

Interest marginWeak

Among the 40% 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 capitalWeak

Among the 40% 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 equityAverage

Around the average of companies in the same industry

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

One-year change in debtStrong

Among the 30% 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.

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 2019-05-16 – 2019-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


GS Gunvor Sundgaard Happe Liquidator	Liquidator	2025 – 2025
MW Mark William Pitman Management	Management	2019 – 2025

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Mark William Pitman	Individual	100%	100%	2019

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

One in three Danish companies experiences fraud

Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.

See the fraud module

Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Pitco ApS also hold positions in 40 other companies.

Person	Role here	Other companies
Gunvor Sundgaard Happe	Liquidator	40 companiesMany roles

Frequently asked questions

What is the CVR number of Pitco ApS?

Pitco ApS is registered with CVR / Virk under CVR 40529179.

Where is Pitco ApS headquartered?

Pitco ApS's registered address is Teglgårdsvej 51, 2. tv.