Except ApS

APSActiveAdvertising protection

CVR 43395181Sverigesgade 16, 5000 Odense CActivities of advertising agencies· NACE 7311Est. 2022 · 4 years old2 employeeshttps://www.except.dk

Overview

Except ApS is a Danish APS based in Odense C, operating in the Activities of advertising agencies sector. Incorporated in 2022, the company has 2 employees and reported a gross profit of DKK 284.6k in its latest annual filing.

Gross profit 2025

284.6K DKK

+83% vs 2024

EBITDA margin (of gross profit)

−7.4 %

−149% vs 2024

Net profit 2025

-24.5K DKK

-161% vs 2024

Key ratios

See full ratios →

47.6 %

Average

Around the average of companies in the same industry

20232025

1.3×

Weak

Among the 40% lowest rated companies in the industry

20232025

-41.2 %

Very weak

Among the 20% lowest rated companies in the industry

20232025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	284.6K DKK	+83%
EBITDA	-21.1K DKK	-149%
Net profit	-24.5K DKK	-161%
Total assets	59.5K DKK	-19%
Equity	28.3K DKK	-46%
Employees	2	—

Contact

Address

Sverigesgade 16, 5000 Odense C

Phone

+45 2758 8590

hello@except.dk

Website

https://www.except.dk

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2025), Except ApS reported a gross profit of DKK 284.6k, an increase of 83% on the year before. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net loss of DKK 24.5k, and the EBITDA margin stood at -7.4%.

At the end of 2025, equity financed 47.6% of the balance sheet, and current assets covered short-term debt 1.3 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023
Gross profit	285	155	89
Staff expenses	-306	-112	-116
EBITDA	-21	43	-27
Depreciation & amort.	-0	-0	-0
EBIT	-21	43	-27
Net financials	-3	0	-0
Profit before tax	-24	43	-27
Tax	0	4	-0
Net profit	-24	40	-27

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Balance sheet

DKK thousands

Item	2025	2024	2023
Total assets	59	74	22
Equity	28	53	13
Long-term debt	0	4	0
Short-term debt	31	17	9
Total debt	31	21	9

Financial ratios

5-year trend

EBITDA margin (of gross profit)

-7.4 %

20232025

Equity ratio

47.6 %

Average

Around the average of companies in the same industry

20232025

Return on equity

-86.6 %

Very weak

Among the 10% lowest rated companies in the industry

20232025

Net profit margin (of gross profit)

-8.6 %

20232025

Asset turnover (of gross profit)

4.79×

20232025

Debt / equity

1.10×

Weak

Among the 40% lowest rated companies in the industry

20232025

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 weak

Among the 10% lowest 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 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.

Return on net assets (RONA)Very weak

Among the 10% lowest 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 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.

Capacity ratioWeak

Among the 40% 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.

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 ratioWeak

Among the 40% lowest 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 ratioWeak

Among the 40% 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 equityAverage

Around the average of companies in the same 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 30% 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 ratioWeak

Among the 40% 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 equityWeak

Among the 40% 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 40% 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 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 coverageWeak

Among the 30% lowest rated companies in the industry

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

Interest rate on debtVery weak

Among the 10% lowest 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.

Efficiency & development

Equity to contributed capitalWeak

Among the 30% 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 20% lowest 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 30% 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 2024-07-01 – 2025-06-30
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Annual report 2024
Filed via CVR / Virk · Period 2023-07-01 – 2024-06-30
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-07-04 – 2023-06-30
View PDF