CB Systems ApS

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CVR 43515837Unsbjergvej 8, 5220 Odense SØWholesale of other machinery and equipment· NACE 4664Est. 2022 · 4 years old— employees

Overview

CB Systems ApS is a Danish APS based in Odense SØ, operating in the Wholesale of other machinery and equipment sector. Incorporated in 2022, the company reported a gross profit of DKK 20.8k in its latest annual filing.

Gross profit 2025

20.8K DKK

−63% vs 2024

EBITDA margin (of gross profit)

100.0 %

−63% vs 2024

Net profit 2025

7.7K DKK

-74% vs 2024

Key ratios

See full ratios →

22.9 %

Weak

Among the 40% lowest rated companies in the industry

20232025

1.3×

Average

Around the average of companies in the same industry

20232025

2.0 %

Average

Around the average of companies in the same industry

20232025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	20.8K DKK	-63%
EBITDA	20.8K DKK	-63%
Net profit	7.7K DKK	-74%
Total assets	380K DKK	-20%
Equity	87K DKK	+10%
Employees	—	—

Contact

Address

Unsbjergvej 8, 5220 Odense SØ

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Financial development

In its most recent annual report (2025), CB Systems ApS reported a gross profit of DKK 20.8k, a decrease of 63% on the year before. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net profit of DKK 7.7k, and the EBITDA margin stood at 100%.

At the end of 2025, equity financed 22.9% 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	21	57	31
Staff expenses	-0	-0	-0
EBITDA	21	57	31
Depreciation & amort.	-0	-0	-0
EBIT	21	57	31
Net financials	-11	-18	-19
Profit before tax	10	39	12
Tax	2	8	3
Net profit	8	30	9

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Balance sheet

DKK thousands

Item	2025	2024	2023
Total assets	380	475	736
Equity	87	79	49
Long-term debt	0	0	0
Short-term debt	293	395	687
Total debt	293	395	687

Financial ratios

5-year trend

EBITDA margin (of gross profit)

100.0 %

20232025

Equity ratio

22.9 %

Weak

Among the 40% lowest rated companies in the industry

20232025

Return on equity

8.9 %

Average

Around the average of companies in the same industry

20232025

Net profit margin (of gross profit)

37.0 %

20232025

Asset turnover (of gross profit)

0.05×

20232025

Debt / equity

3.37×

Weak

Among the 30% lowest rated companies in the industry

20232025

Sector performance

22 of 28 ratios graded

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

Profitability

Return on equity (ROE)Average

Around the average of companies in the same industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Average

Around the average of companies in the same industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Average

Around the average of companies in the same 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)Average

Around the average of companies in the same industry

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

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.

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

Current ratioAverage

Around the average of companies in the same 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 weak

Among the 10% 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 30% 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 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 ratioVery strong

Among the 10% highest rated companies in the industry

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

Debt & solvency

Solidity ratioWeak

Among the 40% 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 ratioWeak

Among the 40% 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.

Debt to equityWeak

Among the 30% 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 30% 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 debtAverage

Around the average of companies in the same industry

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

EBITDA to debtAverage

Around the average of companies in the same industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageAverage

Around the average of companies in the same 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 marginAverage

Around the average of companies in the same 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 40% 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 equityStrong

Among the 40% 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 strong

Among the 20% highest 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 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-09-15 – 2023-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
JM Jan Martin Ertebjerg Christensen Management	Management	2022

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
JAF ApS	Company	100%	100%	2022

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

JAF ApS100%

CB Systems ApS (this company)

Board network connections

Board members of CB Systems ApS also hold positions in 4 other companies.

Person	Role here	Other companies
Jan Martin Ertebjerg Christensen	Management	4 companies

Frequently asked questions

What is the CVR number of CB Systems ApS?

CB Systems ApS is registered with CVR / Virk under CVR 43515837.

What is the gross profit of CB Systems ApS?

CB Systems ApS reported a gross profit of DKK 20.8k in 2025.

Where is CB Systems ApS headquartered?

CB Systems ApS's registered address is Unsbjergvej 8.