Badmodul A/S is a Danish A/S based in Hvidovre, operating in the Other specialised construction activities n.e.c. sector. Incorporated in 2021, the company has 22 employees and reported a gross profit of DKK 17.0m in its latest annual filing.
| Gross profit | 17M DKK | +12% |
| EBITDA | 4.4M DKK | +41% |
| Net profit | 2.7M DKK | +64% |
| Total assets | 4.3M DKK | +20% |
| Equity | -5.3M DKK | +34% |
| Employees | 22 | — |
In its most recent annual report (2025), Badmodul A/S reported a gross profit of DKK 17.0m, an increase of 12% 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 2.7m, and the EBITDA margin stood at 26%.
At the end of 2025, current assets covered short-term debt 0.5 times.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Gross profit | 17,015 | 15,192 | 16,055 | 14,398 | 9,942 |
| Staff expenses | -12,599 | -12,051 | -12,634 | -11,687 | -20,895 |
| EBITDA | 4,416 | 3,141 | 3,420 | 2,712 | -10,953 |
| Depreciation & amort. | -751 | -689 | -526 | -544 | -6,002 |
| EBIT | 3,664 | 2,451 | 2,894 | 2,168 | -16,956 |
| Net financials | -148 | -293 | -313 | -412 | -491 |
| Profit before tax | 3,516 | 2,158 | 2,581 | 1,756 | -12,351 |
| Tax | 781 | 488 | 391 | -148 | 2,548 |
| Net profit | 2,735 | 1,670 | 2,189 | 1,904 | -14,899 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 4,285 | 3,575 | 5,090 | 4,383 | 9,518 |
| Equity | -5,284 | -8,019 | -9,689 | -11,879 | -14,499 |
| Long-term debt | 2,804 | 5,033 | 6,939 | 4,975 | 6,177 |
| Short-term debt | 6,025 | 6,503 | 7,220 | 11,043 | 17,657 |
| Total debt | 8,829 | 11,536 | 14,159 | 16,019 | 23,834 |
28 financial ratios from the latest filing, each graded against companies in the same industry.
Net profit as a percentage of total assets — the return generated on the capital employed.
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
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.
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.
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.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
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.
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 relative to short-term debt — the ability to repay short-term obligations with cash alone.
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
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 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.
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA relative to debt — how much operating earnings are available to service the debt.
The ability to pay the interest on the company's debt out of its earnings.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
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 relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
The size of this year's increase or decrease in the company's debt.
Revenue relative to total assets — the ability to generate revenue from the asset base.
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.
The size of this year's increase or decrease in the company's equity.
| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
CB Chief Executive Officer | Chief Executive Officer | 2022 |
ML Founder | Founder | 2021 |
PA Founder | Founder | 2021 |
CH Management | Management | 2021 – 2021 |
| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
CB Board of Directors | Board of Directors | 2022 |
PR Deputy Chairman | Deputy Chairman | 2022 |
ML Board of Directors | Board of Directors | 2021 |
TC Board of Directors | Board of Directors | 2022 |
JW Chairman | Chairman | 2021 |
CH Board of Directors | Board of Directors | 2021 – 2022 |
| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 33.33–49.99% | 15–19.99% | 2023 | |
| Company | 25–33.32% | 15–19.99% | 2023 | |
| Company | 15–19.99% | 50–66.65% | 2023 | |
| Individual | 20–24.99% | 20% | 2021 | |
| Company | 20–24.99% | 20–24.99% | 2021 |
| Person | Role here | Other companies |
|---|---|---|
| Jesper Wichmand Larsen | Chairman | 14 companiesMany roles |
| Peter Rassing | Deputy Chairman | 12 companiesMany roles |
| Christian Hindborg Johansen | Management | 3 companies |
| Charlotte Brunberg Lauritsen | Chief Executive Officer | 2 companies |
| Mads Lindholm Andreasen | Founder | 1 company |
| Tage Christensen | Board of Directors | 1 company |