Kurt Spangtoft A/S

A/SIn liquidationAdvertising protection

CVR 41595310Bispeengen 60, 5270 Odense NRental and operating of own or leased real estate· NACE 6820Est. 1972 · 54 years old1 employees

Overview

Kurt Spangtoft A/S is a Danish A/S based in Odense N, operating in the Rental and operating of own or leased real estate sector. Incorporated in 1972, the company has 1 employee and reported a gross profit of DKK 5.7m in its latest annual filing.

Gross profit 2025

5.7M DKK

+1124% vs 2024

EBITDA margin (of gross profit)

89.8 %

+1475% vs 2024

Net profit 2025

4.2M DKK

+1721% vs 2024

Key ratios

See full ratios →

90.1 %

Very strong

Among the 20% highest rated companies in the industry

20212025

10.1×

Very strong

Among the 10% highest rated companies in the industry

20212025

30.7 %

Very strong

Among the 10% highest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	5.7M DKK	+1124%
EBITDA	5.2M DKK	+1475%
Net profit	4.2M DKK	+1721%
Total assets	13.8M DKK	+54%
Equity	12.4M DKK	+52%
Employees	1	—

Contact

Address

Bispeengen 60, 5270 Odense N

Phone

+45 2554 7830

fdonsager@yahoo.dk

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 (2025), Kurt Spangtoft A/S reported a gross profit of DKK 5.7m, an increase of 1124% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 4.2m, and the EBITDA margin stood at 89.8%.

At the end of 2025, equity financed 90.1% of the balance sheet, and current assets covered short-term debt 10.1 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	5,739	469	580	414	770
Staff expenses	-97	-142	-160	-300	-300
EBITDA	5,156	327	420	114	470
Depreciation & amort.	-456	-29	-26	-26	-35
EBIT	4,700	299	394	88	435
Net financials	6	-0	-5	-25	-17
Profit before tax	4,706	299	389	64	418
Tax	476	66	86	15	92
Net profit	4,230	232	303	49	326

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	2025	2024	2023	2022	2021
Total assets	13,771	8,965	8,800	8,742	8,935
Equity	12,408	8,179	8,008	8,067	8,138
Long-term debt	0	57	71	0	77
Short-term debt	1,362	311	298	248	288
Total debt	1,362	368	369	248	365

Financial ratios

5-year trend

EBITDA margin (of gross profit)

89.8 %

20212025

Equity ratio

90.1 %

Very strong

Among the 20% highest rated companies in the industry

20212025

Return on equity

34.1 %

Very strong

Among the 20% highest rated companies in the industry

20212025

Net profit margin (of gross profit)

73.7 %

20212025

Asset turnover (of gross profit)

0.42×

20212025

Debt / equity

0.11×

Very strong

Among the 20% highest rated companies in the industry

20212025

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 20% 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 10% 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 20% 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 10% 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 ratioStrong

Among the 30% 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 ratioVery strong

Among the 10% highest 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 strong

Among the 20% highest 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 strong

Among the 10% 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 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 ratioAverage

Around the average of companies in the same industry

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

Debt & solvency

Solidity ratioVery strong

Among the 20% highest 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 strong

Among the 20% highest 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 strong

Among the 20% highest 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 strong

Among the 20% highest rated companies in the industry

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

Income to debtVery strong

Among the 10% highest rated companies in the industry

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

EBITDA to debtVery strong

Among the 10% 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 10% highest rated companies in the industry

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

Interest rate on debtVery strong

Among the 20% 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 10% 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 capitalAverage

Around the average of companies in the same 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 20% 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 10% 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 2025
Filed via CVR / Virk · Period 2024-09-16 – 2025-09-15
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2023-09-16 – 2024-09-15
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-09-16 – 2023-09-15
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-09-16 – 2022-09-15
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-09-16 – 2021-09-15
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
FH Flemming Hartvig Pedersen Liquidator	Liquidator	2025

Former (4)


BL Birgit Lis Neuhaus Spangtoft Management	Management	2022 – 2023
FT Finn Them Spangtoft Donsager Management	Management	2023 – 2025
OH Ove Holbæk Audit	Audit	1972 – 1989
KS Kurt Spangtoft Management	Management	1972 – 2022

Board of directors

Non-executive oversight

Name	Role	Member since

Former (7)


GS Gitte Spangtoft Board of Directors	Board of Directors	1972 – 2025
HS Helle Spangtoft Donsager Board of Directors	Board of Directors	1972 – 2025
JN Julie Neuhaus-Olsen Board of Directors	Board of Directors	1972 – 2004
BL Birgit Lis Neuhaus Spangtoft Board of Directors	Board of Directors	1972 – 2023
FT Finn Them Spangtoft Donsager Board of Directors	Board of Directors	2023 – 2025
MS Mette Spangtoft Board of Directors	Board of Directors	1972 – 2025
KS Kurt Spangtoft Board of Directors	Board of Directors	1972 – 2022

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Boet efter Kurt Spangtoft	Individual	90–99.99%	90–99.99%	2024
Kurt Spangtoft	Individual	90–99.99%	90–99.99%	1996

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 Kurt Spangtoft A/S also hold positions in 12 other companies.

Person	Role here	Other companies
Flemming Hartvig Pedersen	Liquidator	12 companiesMany roles

Frequently asked questions

What is the CVR number of Kurt Spangtoft A/S?

Kurt Spangtoft A/S is registered with CVR / Virk under CVR 41595310.

What is the gross profit of Kurt Spangtoft A/S?

Kurt Spangtoft A/S reported a gross profit of DKK 5.7m in 2025.

How many employees does Kurt Spangtoft A/S have?

Kurt Spangtoft A/S employs 1 people as of the latest annual report.

Where is Kurt Spangtoft A/S headquartered?

Kurt Spangtoft A/S's registered address is Bispeengen 60.