Corax ApS
APSActiveAdvertising protectionCVR 43516825Hørskætten 6A, 2630 TaastrupService activities incidental to air transportation· NACE 5223Est. 2022 · 4 years old10 employeeshttps://www.corax.aero
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Overview
Corax ApS is a Danish APS based in Taastrup, operating in the Service activities incidental to air transportation sector. Incorporated in 2022, the company has 10 employees and reported a gross profit of DKK 2.6m in its latest annual filing.
Gross profit 2025
2.6M DKK
+67% vs 2024
EBITDA margin (of gross profit)
79.3 %
+38% vs 2024
Net profit 2025
1.1M DKK
+60% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
16.9 %
WeakAmong the 30% lowest rated companies in the industry
20232025
Liquidity ratioCurrent assets ÷ Short-term debt
4.3×
Very strongAmong the 20% highest rated companies in the industry
20232025
Return on assets (ROA)Net profit ÷ Total assets × 100
8.5 %
StrongAmong the 40% highest rated companies in the industry
20232025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Gross profit | 2.6M DKK | +67% |
| EBITDA | 2.1M DKK | +38% |
| Net profit | 1.1M DKK | +60% |
| Total assets | 13.4M DKK | +31% |
| Equity | 2.3M DKK | +101% |
| Employees | 10 | — |
Company information
Legal name
Corax ApS
CVR number
43516825
Legal form
Anpartsselskab
NACE code
Founded
14 September 2022 · 4 years
Share capital
DKK 102,000
Employees
10 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af 2 direktører i forening.
Company purpose
Selskabets formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.
(no translation available)
Contact
Address
Hørskætten 6A, 2630 Taastrup
Phone
+45 5573 7800
Website
https://www.corax.aero
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.
Financial development
In its most recent annual report (2025), Corax ApS reported a gross profit of DKK 2.6m, an increase of 67% 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 1.1m, and the EBITDA margin stood at 79.3%.
At the end of 2025, equity financed 16.9% of the balance sheet, and current assets covered short-term debt 4.3 times.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | 2,648 | 1,588 | 331 |
| Staff expenses | -548 | -63 | -0 |
| EBITDA | 2,100 | 1,525 | 331 |
| Depreciation & amort. | -13 | -6 | -0 |
| EBIT | 2,087 | 1,519 | 331 |
| Net financials | -632 | -615 | -56 |
| Profit before tax | 1,455 | 904 | 275 |
| Tax | 326 | 201 | 61 |
| Net profit | 1,129 | 703 | 214 |
Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 13,353 | 10,217 | 8,488 |
| Equity | 2,251 | 1,122 | 418 |
| Long-term debt | 8,000 | 7,198 | 0 |
| Short-term debt | 3,101 | 1,894 | 8,070 |
| Total debt | 11,101 | 9,093 | 8,070 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
79.3 %
20232025
Equity ratio
16.9 %
WeakAmong the 30% lowest rated companies in the industry
20232025
Return on equity
50.2 %
Very strongAmong the 20% highest rated companies in the industry
20232025
Net profit margin (of gross profit)
42.6 %
20232025
Asset turnover (of gross profit)
0.20×
20232025
Debt / equity
4.93×
Very weakAmong the 20% lowest rated companies in the industry
20232025
Sector performance
23 of 28 ratios graded28 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)Strong
Among the 40% 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)Strong
Among the 40% 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 ratioVery strong
Among the 10% 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 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 weak
Among the 20% 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 ratioVery weak
Among the 20% 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 10% 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 capitalStrong
Among the 30% 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 ratioStrong
Among the 30% 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 30% 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 30% 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 equityVery weak
Among the 20% 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 equityVery weak
Among the 20% 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 debtVery weak
Among the 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 40% 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 capitalVery strong
Among the 10% 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 10% 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.
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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
ME Management | Management | 2022 |
KF Management | Management | 2022 |
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 50–66.65% | 50–66.65% | 2022 | |
| Company | 25–33.32% | 25–33.32% | 2022 | |
| Company | 25–33.32% | 25–33.32% | 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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Company hierarchy
Dancing Minds ApS
Corax ApS Board network connections
Board members of Corax ApS also hold positions in 2 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Morten Espenhein | Management | 1 company |
| Kennet Fredslund Justesen | Management | 1 company |
Frequently asked questions
What is the CVR number of Corax ApS?
Corax ApS is registered with CVR / Virk under CVR 43516825.
What is the gross profit of Corax ApS?
Corax ApS reported a gross profit of DKK 2.6m in 2025.
How many employees does Corax ApS have?
Corax ApS employs 10 people as of the latest annual report.
Where is Corax ApS headquartered?
Corax ApS's registered address is Hørskætten 6A.