SUNSTONES ApS
APSActiveAdvertising protectionCVR 44268434Inge Lehmanns Gade 10, 8000 Aarhus CResearch and experimental development on natural sciences and engineering· NACE 7210Est. 2023 · 3 years old4 employees
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Overview
SUNSTONES ApS is a Danish APS based in Aarhus C, operating in the Research and experimental development on natural sciences and engineering sector. Incorporated in 2023, the company has 4 employees and reported a gross profit of -DKK 271.5k in its latest annual filing.
Gross profit 2025
-0.3M DKK
+567% vs 2024
EBITDA margin (of gross profit)
136.0 %
−807% vs 2024
Net profit 2025
-0.3M DKK
-674% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
63.4 %
AverageAround the average of companies in the same industry
20242025
Liquidity ratioCurrent assets ÷ Short-term debt
1.2×
WeakAmong the 30% lowest rated companies in the industry
20242025
Return on assets (ROA)Net profit ÷ Total assets × 100
-10.5 %
WeakAmong the 30% lowest rated companies in the industry
20242025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Gross profit | -0.3M DKK | +567% |
| EBITDA | -0.4M DKK | -807% |
| Net profit | -0.3M DKK | -674% |
| Total assets | 3M DKK | +1348% |
| Equity | 1.9M DKK | +865% |
| Employees | 4 | — |
Company information
Legal name
SUNSTONES ApS
CVR number
44268434
Legal form
Anpartsselskab
Founded
30 August 2023 · 3 years
Share capital
DKK 407,142
Employees
4 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af to direktører i forening, af én direktør i forening med bestyrelsesformanden, eller af den samlede bestyrelse i forening.
Company purpose
Selskabets formål er udvikling vedrørende CO2-mineralisering, samt at udøve anden hermed beslægtet virksomhed.
(no translation available)
Contact
Address
Inge Lehmanns Gade 10, 8000 Aarhus C
Phone
+45 5354 7700
Email
hello@sunstones.dk
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), SUNSTONES ApS reported a gross profit of -DKK 271.5k. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net loss of DKK 310.6k.
At the end of 2025, equity financed 63.4% of the balance sheet, and current assets covered short-term debt 1.2 times. SUNSTONES ApS is one of 2 companies registered under Research and experimental development on natural sciences and engineering in Denmark.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 |
|---|---|---|
| Gross profit | -271 | -41 |
| Staff expenses | -98 | -0 |
| EBITDA | -369 | -41 |
| Depreciation & amort. | -0 | -0 |
| EBIT | -369 | -41 |
| Net financials | 0 | 1 |
| Profit before tax | -369 | -40 |
| Tax | -59 | -0 |
| Net profit | -311 | -40 |
Balance sheet
DKK thousands| Item | 2025 | 2024 |
|---|---|---|
| Total assets | 2,972 | 205 |
| Equity | 1,885 | 195 |
| Long-term debt | 0 | 0 |
| Short-term debt | 1,087 | 10 |
| Total debt | 1,087 | 10 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
<−999 %
20242025
Equity ratio
63.4 %
AverageAround the average of companies in the same industry
20242025
Return on equity
-16.5 %
Very weakAmong the 20% lowest rated companies in the industry
20242025
Net profit margin (of gross profit)
<−999 %
20242025
Asset turnover (of gross profit)
-0.09×
20242025
Debt / equity
0.58×
AverageAround the average of companies in the same industry
20242025
Sector performance
22 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Very weak
Among the 20% 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 30% 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)Very weak
Among the 20% 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)Very weak
Among the 20% 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 ratioVery weak
Among the 10% 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 ratioWeak
Among the 30% 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 ratioWeak
Among the 40% 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 ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery strong
Among the 20% highest 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 weak
Among the 20% lowest 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 ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery weak
Among the 20% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery weak
Among the 20% 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 marginVery weak
Among the 20% lowest 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.
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
Equity to contributed capitalAverage
Around the average of companies in the same 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
JL Management | Management | 2026 |
DL Chief Executive Officer | Chief Executive Officer | 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
JH Board of Directors | Board of Directors | 2025 |
DL Board of Directors | Board of Directors | 2026 |
JB Chairman | Chairman | 2026 |
MB Board of Directors | Board of Directors | 2026 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 50–66.65% | 50–66.65% | 2026 | |
| Company | 25–33.32% | 25–33.32% | 2026 | |
| Company | 5–9.99% | 5–9.99% | 2026 | |
| Individual | 15–19.99% | 15% | 2023 | |
| Individual | 5–9.99% | 5–9.99% | 2025 | |
| Company | 25–33.32% | 25–33.32% | 2023 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Related companies
Company hierarchy
Systematic Holding ApS
SUNSTONES ApS (this company)Board network connections
Board members of SUNSTONES ApS also hold positions in 30 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jens Henry Christensen | Board of Directors | 9 companiesMany roles |
| Jacob Bundsgaard Johansen | Chairman | 8 companiesMany roles |
| Michael Bach | Board of Directors | 6 companiesMany roles |
| Jakob Lundbek | Management | 5 companies |
| David Lundbek Egholm | Chief Executive Officer | 2 companies |
Frequently asked questions
What is the CVR number of SUNSTONES ApS?
SUNSTONES ApS is registered with CVR / Virk under CVR 44268434.
What is the gross profit of SUNSTONES ApS?
SUNSTONES ApS reported a gross profit of -DKK 271.5k in 2025.
How many employees does SUNSTONES ApS have?
SUNSTONES ApS employs 4 people as of the latest annual report.
Who is the CEO of SUNSTONES ApS?
David Lundbek Egholm is the CEO of SUNSTONES ApS.
Who is the chairman of SUNSTONES ApS?
Jacob Bundsgaard Johansen chairs the board of SUNSTONES ApS, in role since 2026.
Where is SUNSTONES ApS headquartered?
SUNSTONES ApS's registered address is Inge Lehmanns Gade 10, 5..