Bule food ApS

APSActive

CVR 43866761Søndergade 31, 9493 SaltumNon-specialised wholesale of food, beverages and tobacco· NACE 4639Est. 2023 · 3 years old— employees

Overview

Bule food ApS is a Danish APS based in Saltum, operating in the Non-specialised wholesale of food, beverages and tobacco sector. Incorporated in 2023, the company reported revenue of DKK 1.1m in its latest annual filing.

Revenue 2025

1.1M DKK

+121% vs 2024

EBITDA margin

0.9 %

+119% vs 2024

Net profit 2025

0M DKK

+119% vs 2024

Key ratios

See full ratios →

-0.1 %

Very weak

Among the 20% lowest rated companies in the industry

20232025

0.0×

20232025

2.1 %

Average

Around the average of companies in the same industry

20232025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Revenue	1.1M DKK	+121%
EBITDA	0M DKK	+119%
Net profit	0M DKK	+119%
Total assets	0.5M DKK	+3%
Equity	-0M DKK	+95%
Employees	—	—

Financial development

In its most recent annual report (2025), Bule food ApS reported revenue of DKK 1.1m, an increase of 121% 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 9.7k, and the EBITDA margin stood at 0.9%.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023
Revenue	1,136	513	40
Staff expenses	-0	-0	-0
EBITDA	10	-50	0
Depreciation & amort.	-0	-0	-0
EBIT	10	-50	0
Net financials	0	0	0
Profit before tax	10	-50	0
Tax	-0	-0	-0
Net profit	10	-50	0

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Balance sheet

DKK thousands

Item	2025	2024	2023
Total assets	465	453	40
Equity	-0	-10	40
Long-term debt	465	0	0
Short-term debt	0	463	0
Total debt	465	463	0

Financial ratios

5-year trend

EBITDA margin

0.9 %

20232025

Equity ratio

-0.1 %

Very weak

Among the 20% lowest rated companies in the industry

20232025

Return on equity

—

20232025

Net profit margin

0.9 %

Average

Around the average of companies in the same industry

20232025

Asset turnover

2.44×

Strong

Among the 30% highest rated companies in the industry

20232025

Debt / equity

—

20232025

Sector performance

17 of 28 ratios graded

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

Profitability

Gross marginVery weak

Among the 20% lowest 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 marginWeak

Among the 40% 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 marginAverage

Around the average of companies in the same industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

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.

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.

Return on equity (ROE)Not rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

Return on net assets (RONA)Not rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

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

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 ratioWeak

Among the 40% lowest rated companies in the industry

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

Current ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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 ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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 ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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.

Debt & solvency

Solidity ratioVery weak

Among the 20% 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.

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 debtWeak

Among the 40% lowest rated companies in the industry

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

Interest rate on debtVery strong

Among the 10% 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.

Debt to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

Interest coverageNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

Efficiency & development

Asset turnoverStrong

Among the 30% highest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverStrong

Among the 30% highest rated companies in the industry

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.

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 debtAverage

Around the average of companies in the same industry

The size of this year's increase or decrease in the company's debt.

One-year change in equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The size of this year's increase or decrease in the company's equity.

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 2023-02-15 – 2023-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (2)
AH Aref Hamid Mohamad Management	Management	2023
HK Henning Kiel Founder	Founder	2023

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Zafat Mohamad Hajhamou	Individual	100%	100%	2023
Henning Kiel	Individual	100%	100%	2023

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Bule food ApS also hold positions in 8 other companies.

Person	Role here	Other companies
Henning Kiel	Founder	7 companiesMany roles
Aref Hamid Mohamad	Management	1 company

Frequently asked questions

What is the CVR number of Bule food ApS?

Bule food ApS is registered with CVR / Virk under CVR 43866761.

What is the revenue of Bule food ApS?

Bule food ApS reported revenue of DKK 1.1m in 2025.

Where is Bule food ApS headquartered?

Bule food ApS's registered address is Søndergade 31.