WeldBell ApS

APSDissolvedAdvertising protection

CVR 40667946Grønland 17, 8500 GrenaaRepair and maintenance of fabricated metal products· NACE 3311Est. 2019 · 7 years old— employees

Overview

WeldBell ApS is a Danish APS based in Grenaa, operating in the Repair and maintenance of fabricated metal products sector. Incorporated in 2019, the company reported a gross profit of DKK 147.3k in its latest annual filing.

Gross profit 2023

147.3K DKK

−225% vs 2022

EBITDA margin (of gross profit)

100.0 %

+225% vs 2022

Net profit 2023

98.1K DKK

+186% vs 2022

Key ratios

See full ratios →

29.9 %

Weak

Among the 40% lowest rated companies in the industry

20202023

1.2×

Weak

Among the 40% lowest rated companies in the industry

20202023

23.5 %

Very strong

Among the 20% highest rated companies in the industry

20202023

EBITDA — year on year

DKK thousands

Key figures

Annual report 2023

Gross profit	147.3K DKK	-225%
EBITDA	147.3K DKK	+225%
Net profit	98.1K DKK	+186%
Total assets	417.6K DKK	+83%
Equity	125K DKK	+365%
Employees	—	—

Contact

Address

Grønland 17, 8500 Grenaa

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2023), WeldBell ApS reported a gross profit of DKK 147.3k. The figures on this page draw on 4 annual filings covering 2020 to 2023. The bottom line showed a net profit of DKK 98.1k, and the EBITDA margin stood at 100%.

At the end of 2023, equity financed 29.9% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2023	2022	2021	2020
Gross profit	147	-118	289	-143
Staff expenses	-0	-0	-0	-0
EBITDA	147	-118	289	-143
Depreciation & amort.	-23	-16	-8	-0
EBIT	125	-134	281	-143
Net financials	3	-7	2	-10
Profit before tax	128	-141	283	-153
Tax	30	-26	29	-0
Net profit	98	-115	254	-153

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Balance sheet

DKK thousands

Item	2023	2022	2021	2020
Total assets	418	228	515	83
Equity	125	27	142	-113
Long-term debt	0	0	0	0
Short-term debt	290	201	370	196
Total debt	290	201	370	196

Financial ratios

5-year trend

EBITDA margin (of gross profit)

100.0 %

20202023

Equity ratio

29.9 %

Weak

Among the 40% lowest rated companies in the industry

20202023

Return on equity

78.5 %

Very strong

Among the 10% highest rated companies in the industry

20202023

Net profit margin (of gross profit)

66.6 %

20202023

Asset turnover (of gross profit)

0.35×

20202023

Debt / equity

2.34×

Weak

Among the 30% lowest rated companies in the industry

20202023

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)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 20% 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 20% 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 10% 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 ratioWeak

Among the 40% 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 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 ratioStrong

Among the 40% 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 capitalWeak

Among the 40% 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 ratioStrong

Among the 40% 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 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 debtStrong

Among the 30% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtStrong

Among the 30% 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 20% highest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtStrong

Among the 30% 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 20% 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 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 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 debtVery weak

Among the 20% 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 2023
Filed via CVR / Virk · Period 2022-01-30 – 2023-01-29
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-01-30 – 2022-01-29
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-01-30 – 2021-01-29
View PDF
Annual report 2020
Filed via CVR / Virk · Period 2019-07-15 – 2020-01-29
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


MS Mikkel Skjold Andersen Chief Executive Officer	Chief Executive Officer	2019 – 2020
JL Jørgen Lindhardt Steffensen Liquidator	Liquidator	2024 – 2025

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Mikkel Skjold Andersen	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.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of WeldBell ApS also hold positions in 13 other companies.

Person	Role here	Other companies
Jørgen Lindhardt Steffensen	Liquidator	12 companiesMany roles
Mikkel Skjold Andersen	Chief Executive Officer	1 company

Frequently asked questions

What is the CVR number of WeldBell ApS?

WeldBell ApS is registered with CVR / Virk under CVR 40667946.

What is the gross profit of WeldBell ApS?

WeldBell ApS reported a gross profit of DKK 147.3k in 2023.

Where is WeldBell ApS headquartered?

WeldBell ApS's registered address is Grønland 17.