Wulf3 Holding ApS

APSActive

CVR 43796712Jævndalvej 3, 8653 ThemSilviculture and other forestry activities· NACE 0210Est. 1973 · 53 years old— employees

Overview

Wulf3 Holding ApS is a Danish APS based in Them, operating in the Silviculture and other forestry activities sector. Incorporated in 1973, the company reported a gross profit of DKK 1.4k in its latest annual filing.

Gross profit 2025

0M DKK

−98% vs 2024

EBITDA margin (of gross profit)

−449.9 %

−108% vs 2024

Net profit 2025

-0M DKK

+94% vs 2024

Key ratios

See full ratios →

96.1 %

Very strong

Among the 20% highest rated companies in the industry

20212025

22.1×

Very strong

Among the 20% highest rated companies in the industry

20212025

-0.4 %

Weak

Among the 40% lowest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	0M DKK	-98%
EBITDA	-0M DKK	-108%
Net profit	-0M DKK	+94%
Total assets	1.7M DKK	-25%
Equity	1.6M DKK	0%
Employees	—	—

Financial development

In its most recent annual report (2025), Wulf3 Holding ApS reported a gross profit of DKK 1.4k, a decrease of 98% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 7.5k, and the EBITDA margin stood at -449.9%.

At the end of 2025, equity financed 96.1% of the balance sheet, and current assets covered short-term debt 22.1 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	1	86	64	-534	-65
Staff expenses	-0	-0	-0	-0	-0
EBITDA	-6	73	52	-552	-65
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	-6	73	52	-552	-65
Net financials	-1	-1	-6	-32	66
Profit before tax	-8	72	46	-584	1
Tax	-0	203	-0	-0	1
Net profit	-8	-130	46	-584	0

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	1,717	2,277	2,636	3,564	5,866
Equity	1,649	1,657	2,117	3,372	5,656
Long-term debt	0	0	0	0	0
Short-term debt	67	620	519	192	210
Total debt	67	620	519	192	210

Financial ratios

5-year trend

EBITDA margin (of gross profit)

-449.9 %

20212025

Equity ratio

96.1 %

Very strong

Among the 20% highest rated companies in the industry

20212025

Return on equity

-0.5 %

Weak

Among the 40% lowest rated companies in the industry

20212025

Net profit margin (of gross profit)

-551.2 %

20212025

Asset turnover (of gross profit)

0.00×

20212025

Debt / equity

0.04×

Strong

Among the 30% highest rated companies in the industry

20212025

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)Weak

Among the 40% 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)Weak

Among the 40% 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)Weak

Among the 40% 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)Weak

Among the 40% 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 30% 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 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 20% 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 strong

Among the 10% highest 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 20% 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 ratioAverage

Around the average of companies in the same industry

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

Debt & solvency

Solidity ratioVery strong

Among the 20% highest 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 ratioStrong

Among the 30% highest 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 equityStrong

Among the 30% highest 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 strong

Among the 20% highest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtWeak

Among the 30% lowest 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 20% lowest rated companies in the industry

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

Interest rate on debtStrong

Among the 30% highest 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 equityWeak

Among the 40% lowest 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 10% 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 2024-07-01 – 2025-06-30
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2023-07-01 – 2024-06-30
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-07-01 – 2023-06-30
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-07-01 – 2022-06-30
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-07-01 – 2021-06-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
KW Kimie Wulf Management	Management	2013

Former (4)


LK Laurits Krogbæk Andreasen Audit	Audit	1973 – 1991
JE Jan Einar Søren Schiønning Management	Management	1973 – 1992
CC Carl Christian Christensen Management	Management	1973 – 2013
LK Lars Kastberg Sunesen Management	Management	1973 – 1995

Board of directors

Non-executive oversight

Name	Role	Member since

Former (10)


KW Kimie Wulf Board of Directors	Board of Directors	2008 – 2013
PN Peter Nobel Board of Directors	Board of Directors	1973 – 1990
LW Lone Wulf Steengaard Board of Directors	Board of Directors	2008 – 2013
TH Troels Henrik Horneman Chairman	Chairman	1973 – 2013
JE Jan Einar Søren Schiønning Board of Directors	Board of Directors	1973 – 1992
LW Lilian Wulf Christensen Board of Directors	Board of Directors	1973 – 2013
CC Carl Christian Christensen Board of Directors	Board of Directors	1973 – 2013
LK Lars Kastberg Sunesen Board of Directors	Board of Directors	1973 – 1990
RW Rikke Wulf Christensen Board of Directors	Board of Directors	2008 – 2013
MG Majken Grethe Schiønning Board of Directors	Board of Directors	1973 – 1992

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Kimie Wulf	Individual	100%	100%	2013

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

No registered parent or subsidiaries

Board network connections

Board members of Wulf3 Holding ApS also hold positions in 8 other companies.

Person	Role here	Other companies
Troels Henrik Horneman	Chairman	5 companies
Jan Einar Søren Schiønning	Management	1 company
Carl Christian Christensen	Management	1 company
Lone Wulf Steengaard	Board of Directors	1 company

Frequently asked questions

What is the CVR number of Wulf3 Holding ApS?

Wulf3 Holding ApS is registered with CVR / Virk under CVR 43796712.

What is the gross profit of Wulf3 Holding ApS?

Wulf3 Holding ApS reported a gross profit of DKK 1.4k in 2025.

Where is Wulf3 Holding ApS headquartered?

Wulf3 Holding ApS's registered address is Jævndalvej 3.