first iot ApS

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CVR 44418096Collinsgade 6, 2100 København ØRetail sale of information and communication equipment· NACE 4740Est. 2023 · 2 years old1 employees

Overview

first iot ApS is a Danish APS based in København Ø, operating in the Retail sale of information and communication equipment sector. Incorporated in 2023, the company has 1 employee and reported revenue of DKK 75.6k in its latest annual filing.

Revenue 2025

75.6K DKK

−75% vs 2024

EBITDA margin

23.9 %

+175% vs 2024

Net profit 2025

18.2K DKK

+176% vs 2024

Key ratios

See full ratios →

65.8 %

Strong

Among the 30% highest rated companies in the industry

20242025

2.9×

Strong

Among the 30% highest rated companies in the industry

20242025

27.1 %

Very strong

Among the 10% highest rated companies in the industry

20242025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Revenue	75.6K DKK	-75%
EBITDA	18.1K DKK	+175%
Net profit	18.2K DKK	+176%
Total assets	67.3K DKK	+7%
Equity	44.3K DKK	+70%
Employees	1	—

Contact

Address

Collinsgade 6, 2100 København Ø

Phone

+45 9156 7742

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2025), first iot ApS reported revenue of DKK 75.6k, a decrease of 75% on the year before. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net profit of DKK 18.2k, and the EBITDA margin stood at 23.9%.

At the end of 2025, equity financed 65.8% of the balance sheet, and current assets covered short-term debt 2.9 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024
Revenue	76	299
Staff expenses	-2	-100
EBITDA	18	-24
Depreciation & amort.	-0	-0
EBIT	18	-24
Net financials	0	-0
Profit before tax	18	-24
Tax	-0	-0
Net profit	18	-24

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Balance sheet

DKK thousands

Item	2025	2024
Total assets	67	63
Equity	44	26
Long-term debt	0	0
Short-term debt	23	37
Total debt	23	37

Financial ratios

5-year trend

EBITDA margin

23.9 %

20242025

Equity ratio

65.8 %

Strong

Among the 30% highest rated companies in the industry

20242025

Return on equity

41.2 %

Strong

Among the 30% highest rated companies in the industry

20242025

Net profit margin

24.1 %

Very strong

Among the 10% highest rated companies in the industry

20242025

Asset turnover

1.12×

Average

Around the average of companies in the same industry

20242025

Debt / equity

0.52×

Strong

Among the 40% highest rated companies in the industry

20242025

Sector performance

28 of 28 ratios graded

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

Profitability

Gross marginStrong

Among the 30% highest 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 marginVery strong

Among the 10% highest 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 marginVery strong

Among the 10% highest rated companies in the industry

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

Return on equity (ROE)Strong

Among the 30% 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)Very strong

Among the 10% 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)Strong

Among the 30% 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)Very strong

Among the 20% 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.

Liquidity

Current ratioStrong

Among the 30% 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 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 ratioVery weak

Among the 10% 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 equityAverage

Around the average of companies in the same 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 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.

Debt & solvency

Solidity ratioStrong

Among the 30% 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 40% 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 equityStrong

Among the 40% 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 debtVery strong

Among the 20% highest rated companies in the industry

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

EBITDA to debtVery strong

Among the 20% highest rated companies in the industry

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

Interest coverageVery strong

Among the 10% highest 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 marginVery strong

Among the 10% 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

Asset turnoverAverage

Around the average of companies in the same industry

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

Inventory turnoverVery strong

Among the 20% 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 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 strong

Among the 20% highest rated companies in the industry

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

Annual reports & filings

Annual report 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
Annual report 2024
Filed via CVR / Virk · Period 2023-11-08 – 2024-12-31

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
MK Michael Kjærsgaard Lindberg Management	Management	2023

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
MichaelSoft Holding ApS	Company	100%	100%	2023
JESS LASSEN HOLDING ApS	Company	50–66.65%	50–66.65%	2024

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

MichaelSoft Holding ApS100%

JESS LASSEN HOLDING ApS50%

first iot ApS (this company)

Board network connections

Board members of first iot ApS also hold positions in 2 other companies.

Person	Role here	Other companies
Michael Kjærsgaard Lindberg	Management	2 companies

Frequently asked questions

What is the CVR number of first iot ApS?

first iot ApS is registered with CVR / Virk under CVR 44418096.

What is the revenue of first iot ApS?

first iot ApS reported revenue of DKK 75.6k in 2025.

How many employees does first iot ApS have?

first iot ApS employs 1 people as of the latest annual report.

Where is first iot ApS headquartered?

first iot ApS's registered address is Collinsgade 6, 3. th.