GN Hearing 2 A/S
A/SDissolvedAdvertising protectionCVR 42466263Lautrupbjerg 7, 2750 BallerupManufacture of irradiation, electromedical and electrotherapeutic equipment· NACE 2660Est. 2021 · 5 years old— employees
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Overview
GN Hearing 2 A/S is a Danish A/S based in Ballerup, operating in the Manufacture of irradiation, electromedical and electrotherapeutic equipment sector. Incorporated in 2021, the company reported revenue of DKK 21.3m in its latest annual filing.
Revenue 2023
21.3M DKK
+3860% vs 2022
EBITDA margin
−0.5 %
+81% vs 2022
Net profit 2023
4.4M DKK
+150% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
51.1 %
AverageAround the average of companies in the same industry
20212023
Liquidity ratioCurrent assets ÷ Short-term debt
5.5×
Very strongAmong the 20% highest rated companies in the industry
20212023
Return on assets (ROA)Net profit ÷ Total assets × 100
20.3 %
Very strongAmong the 20% highest rated companies in the industry
20212023
EBITDA — year on year
DKK thousandsKey figures
Annual report 2023| Revenue | 21.3M DKK | +3860% |
| EBITDA | -0.1M DKK | +81% |
| Net profit | 4.4M DKK | +150% |
| Total assets | 21.4M DKK | +34% |
| Equity | 10.9M DKK | +66% |
| Employees | — | — |
Company information
Legal name
GN Hearing 2 A/S
CVR number
42466263
Legal form
Aktieselskab
Founded
4 June 2021 · 5 years
Share capital
DKK 500,000
Employees
—
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af to medlemmer af bestyrelsen i forening eller af et bestyrelsesmedlem i forening med en direktør.
Contact
Address
Lautrupbjerg 7, 2750 Ballerup
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2023), GN Hearing 2 A/S reported revenue of DKK 21.3m, an increase of 3860% on the year before. The figures on this page draw on 3 annual filings covering 2021 to 2023. The bottom line showed a net profit of DKK 4.4m, and the EBITDA margin stood at -0.5%.
At the end of 2023, equity financed 51.1% of the balance sheet, and current assets covered short-term debt 5.5 times.
Financials
Revenue
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 21,304 | 538 | 0 |
| Staff expenses | -0 | -0 | -0 |
| EBITDA | -111 | -577 | -28 |
| Depreciation & amort. | -15,314 | -10,939 | -0 |
| EBIT | -15,425 | -11,516 | -28 |
| Net financials | -296 | -290 | 0 |
| Profit before tax | 5,583 | -11,268 | -28 |
| Tax | 1,228 | -2,479 | -6 |
| Net profit | 4,355 | -8,789 | -22 |
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Balance sheet
DKK thousands| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total assets | 21,437 | 15,984 | 32,818 |
| Equity | 10,944 | 6,589 | 378 |
| Long-term debt | 6,604 | 9,339 | 32,197 |
| Short-term debt | 3,889 | 56 | 243 |
| Total debt | 10,493 | 9,395 | 32,440 |
Financial ratios
5-year trendEBITDA margin
-0.5 %
20212023
Equity ratio
51.1 %
AverageAround the average of companies in the same industry
20212023
Return on equity
39.8 %
StrongAmong the 30% highest rated companies in the industry
20212023
Net profit margin
20.4 %
Very strongAmong the 20% highest rated companies in the industry
20212023
Asset turnover
0.99×
AverageAround the average of companies in the same industry
20212023
Debt / equity
0.96×
AverageAround the average of companies in the same industry
20212023
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery strong
Among the 10% highest 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 strong
Among the 20% highest 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 equity (ROE)Strong
Among the 30% 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)Strong
Among the 30% 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 weak
Among the 10% lowest 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 weak
Among the 20% lowest 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.
Liquidity
Current ratioVery strong
Among the 20% 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 10% 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 weak
Among the 10% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 40% 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 10% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same 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 debtWeak
Among the 30% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery weak
Among the 10% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% lowest 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
Asset turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalStrong
Among the 30% highest 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 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 debtWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (3)
AK Chief Executive Officer | Chief Executive Officer | 2023 – 2023 |
SJ Chief Executive Officer | Chief Executive Officer | 2023 – 2024 |
MP Chief Executive Officer | Chief Executive Officer | 2021 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (7)
RS Board of Directors | Board of Directors | 2021 – 2023 |
AM Board of Directors | Board of Directors | 2023 – 2024 |
BS Chairman | Chairman | 2023 – 2024 |
AK Board of Directors | Board of Directors | 2023 – 2023 |
SJ Board of Directors | Board of Directors | 2023 – 2024 |
MP Board of Directors | Board of Directors | 2021 – 2023 |
GP Chairman | Chairman | 2021 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2021 |
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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Company hierarchy
GN Hearing A/S
GN Hearing 2 A/S Board network connections
Board members of GN Hearing 2 A/S also hold positions in 26 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Gitte Pugholm Aabo | Chairman | 8 companiesMany roles |
| Søren Jelert | Chief Executive Officer | 7 companiesMany roles |
| Morten Peltola Toft | Chief Executive Officer | 3 companies |
| Rene Svendsen-Tune | Board of Directors | 3 companies |
| Axel Marcus Peter Karlströmer | Board of Directors | 3 companies |
| Anders Kronborg | Chief Executive Officer | 2 companies |
Frequently asked questions
What is the CVR number of GN Hearing 2 A/S?
GN Hearing 2 A/S is registered with CVR / Virk under CVR 42466263.
What is the revenue of GN Hearing 2 A/S?
GN Hearing 2 A/S reported revenue of DKK 21.3m in 2023.
Where is GN Hearing 2 A/S headquartered?
GN Hearing 2 A/S's registered address is Lautrupbjerg 7.