Skovfrø ApS

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CVR 41189061Holgersvej 4, 2920 CharlottenlundFremstilling af andre møbler· NACE 310900Est. 2020 · 6 years old— employees

Overview

Skovfrø ApS is a Danish APS based in Charlottenlund, operating in the Fremstilling af andre møbler sector. Incorporated in 2020, the company reported revenue of DKK 23.1k in its latest annual filing.

Revenue 2023

23.1K DKK

−48% vs 2022

EBITDA margin

−54.6 %

−614% vs 2022

Net profit 2023

-9.8K DKK

-1976% vs 2022

Key ratios

See full ratios →

-22.4 %

Very weak

Among the 20% lowest rated companies in the industry

20202023

0.0×

20202023

-32.9 %

Very weak

Among the 20% lowest rated companies in the industry

20202023

EBITDA — year on year

DKK thousands

Key figures

Annual report 2023

Revenue	23.1K DKK	-48%
EBITDA	-12.6K DKK	-614%
Net profit	-9.8K DKK	-1976%
Total assets	29.9K DKK	-25%
Equity	-6.7K DKK	-319%
Employees	—	—

Contact

Address

Holgersvej 4, 2920 Charlottenlund

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Financial development

In its most recent annual report (2023), Skovfrø ApS reported revenue of DKK 23.1k, a decrease of 48% on the year before. The figures on this page draw on 4 annual filings covering 2020 to 2023. The bottom line showed a net loss of DKK 9.8k, and the EBITDA margin stood at -54.6%.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2023	2022	2021	2020
Revenue	23	44	24	0
Staff expenses	-0	-0	-0	-0
EBITDA	-13	2	-17	-30
Depreciation & amort.	-0	-0	-0	-0
EBIT	-13	2	-17	-30
Net financials	0	-2	-1	-0
Profit before tax	-13	1	-18	-30
Tax	-3	0	-10	-0
Net profit	-10	1	-8	-30

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Balance sheet

DKK thousands

Item	2023	2022	2021	2020
Total assets	30	40	38	11
Equity	-7	3	3	10
Long-term debt	37	37	35	0
Short-term debt	0	0	0	1
Total debt	37	37	35	1

Financial ratios

5-year trend

EBITDA margin

-54.6 %

20202023

Equity ratio

-22.4 %

Very weak

Among the 20% lowest rated companies in the industry

20202023

Return on equity

—

20202023

Net profit margin

-42.6 %

Very weak

Among the 10% lowest rated companies in the industry

20202023

Asset turnover

0.77×

Weak

Among the 40% lowest rated companies in the industry

20202023

Debt / equity

—

20202023

Sector performance

18 of 28 ratios graded

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

Profitability

Gross marginVery weak

Among the 10% lowest rated companies in the industry

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 marginVery weak

Among the 10% lowest rated companies in the industry

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 marginVery weak

Among the 10% lowest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on assets (ROA)Very weak

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

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

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.

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

Fixed assets to long-term capitalAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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.

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 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 ratioVery weak

Among the 20% 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 rate on debtVery strong

Among the 10% highest 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 20% 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.

Interest coverageNot rated

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

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

Efficiency & development

Asset turnoverWeak

Among the 40% lowest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverVery strong

Among the 20% highest rated companies in the industry

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.

Equity to contributed capitalVery weak

Among the 20% 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 weak

Among the 10% lowest rated companies in the industry

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

One-year change in debtAverage

Around the average of companies in the same industry

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

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 2020-02-24 – 2020-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


PH Parag Hasmukhlal Kapashi Chief Executive Officer	Chief Executive Officer	2020 – 2024
UF Ulrik Fleischer-Michaelsen Founder	Founder	2020 – 2024

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Parag Hasmukhlal Kapashi	Individual	100%	100%	2020

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 Skovfrø ApS also hold positions in 133 other companies.

Person	Role here	Other companies
Ulrik Fleischer-Michaelsen	Founder	133 companiesMany roles

Frequently asked questions

What is the CVR number of Skovfrø ApS?

Skovfrø ApS is registered with CVR / Virk under CVR 41189061.

What is the revenue of Skovfrø ApS?

Skovfrø ApS reported revenue of DKK 23.1k in 2023.

Where is Skovfrø ApS headquartered?

Skovfrø ApS's registered address is Holgersvej 4.