Morph Incremental ApS

APSDissolvedAdvertising protection

CVR 44108305Sortedam Dossering 55, 2100 København ØComputer consultancy and computer facilities management activities· NACE 6220Est. 2023 · 3 years old1 employees

Overview

Morph Incremental ApS is a Danish APS based in København Ø, operating in the Computer consultancy and computer facilities management activities sector. Incorporated in 2023, the company has 1 employee and reported a gross profit of DKK 1.8m in its latest annual filing.

Gross profit 2024

1.8M DKK

+169% vs 2023

EBITDA margin (of gross profit)

14.7 %

+105% vs 2023

Net profit 2024

0.2M DKK

+106% vs 2023

Key ratios

See full ratios →

33.7 %

Weak

Among the 40% lowest rated companies in the industry

20232024

1.5×

Weak

Among the 40% lowest rated companies in the industry

20232024

20.0 %

Strong

Among the 30% highest rated companies in the industry

20232024

EBITDA — year on year

DKK thousands

Key figures

Annual report 2024

Gross profit	1.8M DKK	+169%
EBITDA	0.3M DKK	+105%
Net profit	0.2M DKK	+106%
Total assets	1M DKK	+152%
Equity	0.3M DKK	+146%
Employees	1	—

Contact

Address

Sortedam Dossering 55, 2100 København Ø

Advertising protection

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Financial development

In its most recent annual report (2024), Morph Incremental ApS reported a gross profit of DKK 1.8m, an increase of 169% on the year before. The figures on this page draw on 2 annual filings covering 2023 to 2024. The bottom line showed a net profit of DKK 197.5k, and the EBITDA margin stood at 14.7%.

At the end of 2024, equity financed 33.7% of the balance sheet, and current assets covered short-term debt 1.5 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2024	2023
Gross profit	1,784	664
Staff expenses	-1,522	-537
EBITDA	262	128
Depreciation & amort.	-0	-0
EBIT	262	128
Net financials	-3	-4
Profit before tax	259	124
Tax	62	28
Net profit	198	96

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Balance sheet

DKK thousands

Item	2024	2023
Total assets	990	393
Equity	333	136
Long-term debt	0	0
Short-term debt	657	257
Total debt	657	257

Financial ratios

5-year trend

EBITDA margin (of gross profit)

14.7 %

20232024

Equity ratio

33.7 %

Weak

Among the 40% lowest rated companies in the industry

20232024

Return on equity

59.3 %

Very strong

Among the 20% highest rated companies in the industry

20232024

Net profit margin (of gross profit)

11.1 %

20232024

Asset turnover (of gross profit)

1.80×

20232024

Debt / equity

1.97×

Very weak

Among the 20% lowest rated companies in the industry

20232024

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 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 30% 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 30% 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 ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 ratioStrong

Among the 40% 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 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 capitalAverage

Around the average of companies in the same 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 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 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 debtStrong

Among the 40% highest rated companies in the industry

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

EBITDA to debtStrong

Among the 40% highest rated companies in the industry

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

Interest coverageStrong

Among the 30% highest rated companies in the industry

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

Interest rate on debtAverage

Around the average of companies in the same industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginVery strong

Among the 20% 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 capitalStrong

Among the 40% 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 debtVery weak

Among the 10% 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 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-06-09 – 2023-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


YR Yngvi Reynberg Karlson Chief Executive Officer	Chief Executive Officer	2023 – 2024
CH Christian Hølmer Chief Executive Officer	Chief Executive Officer	2024 – 2026

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Morph Capital III ApS	Company	100%	100%	2023

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

Morph Capital III ApS100%

Morph Incremental ApS (this company)

Board network connections

Board members of Morph Incremental ApS also hold positions in 14 other companies.

Person	Role here	Other companies
Yngvi Reynberg Karlson	Chief Executive Officer	8 companiesMany roles
Christian Hølmer	Chief Executive Officer	6 companiesMany roles

Frequently asked questions

What is the CVR number of Morph Incremental ApS?

Morph Incremental ApS is registered with CVR / Virk under CVR 44108305.

What is the gross profit of Morph Incremental ApS?

Morph Incremental ApS reported a gross profit of DKK 1.8m in 2024.

How many employees does Morph Incremental ApS have?

Morph Incremental ApS employs 1 people as of the latest annual report.

Where is Morph Incremental ApS headquartered?

Morph Incremental ApS's registered address is Sortedam Dossering 55.