Ry Varmeværk ApS
APSActiveAdvertising protectionCVR 44537508Bakkelyvej 3, 8680 RySteam and air conditioning supply· NACE 3530Est. 2023 · 2 years old12 employeeshttps://www.ryvarme.dk
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Overview
Ry Varmeværk ApS is a Danish APS based in Ry, operating in the Steam and air conditioning supply sector. Incorporated in 2023, the company has 12 employees and reported revenue of DKK 44.5m in its latest annual filing.
Revenue 2025
44.5M DKK
+1% vs 2024
EBITDA margin
10.5 %
−9% vs 2024
Net profit 2025
0M DKK
12 employees
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
2.2 %
WeakAmong the 30% lowest rated companies in the industry
20232025
Liquidity ratioCurrent assets ÷ Short-term debt
0.6×
WeakAmong the 40% lowest rated companies in the industry
20232025
Return on assets (ROA)Net profit ÷ Total assets × 100
0.0 %
AverageAround the average of companies in the same industry
20232025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Revenue | 44.5M DKK | +1% |
| EBITDA | 4.7M DKK | -9% |
| Net profit | 0M DKK | — |
| Total assets | 199.9M DKK | +9% |
| Equity | 4.4M DKK | 0% |
| Employees | 12 | — |
Company information
Legal name
Ry Varmeværk ApS
CVR number
44537508
Legal form
Anpartsselskab
NACE code
Founded
22 December 2023 · 2 years
Share capital
DKK 50,000
Employees
12 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør i forening med bestyrelsesformanden, af 3 bestyrelsesmedlemmer eller af den samlede
bestyrelse.
Company purpose
Selskabets formål er at varetage varmeforsyningsvirksomhed i henhold til varmeforsyningsloven, herunder varmeforsyningsvirksomhed i Skanderborg Kommune samt al virksomhed relateret hertil. Anden virksomhed efter bestyrelsens nærmere bestemmelse inden for de i lovgivningen herom til enhver tid fastsatte rammer.
(no translation available)
Contact
Address
Bakkelyvej 3, 8680 Ry
Phone
+45 8689 1365
Email
post@ryvarme.dk
Website
https://www.ryvarme.dk
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2025), Ry Varmeværk ApS reported revenue of DKK 44.5m, an increase of 1% on the year before. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a break-even result, and the EBITDA margin stood at 10.5%.
At the end of 2025, equity financed 2.2% of the balance sheet, and current assets covered short-term debt 0.6 times.
Financials
Revenue
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 44,493 | 43,989 | 3,339 |
| Staff expenses | -0 | -0 | -0 |
| EBITDA | 4,652 | 5,100 | 166 |
| Depreciation & amort. | -0 | -0 | -0 |
| EBIT | 4,652 | 5,100 | 166 |
| Net financials | -4,652 | -5,100 | -166 |
| Profit before tax | 0 | 0 | 0 |
| Tax | -0 | -0 | -0 |
| Net profit | 0 | 0 | 0 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 199,880 | 183,450 | 14,255 |
| Equity | 4,412 | 4,412 | 247 |
| Long-term debt | 178,091 | 44,775 | 10,757 |
| Short-term debt | 17,377 | 134,263 | 3,252 |
| Total debt | 195,468 | 179,038 | 14,008 |
Financial ratios
5-year trendEBITDA margin
10.5 %
20232025
Equity ratio
2.2 %
WeakAmong the 30% lowest rated companies in the industry
20232025
Return on equity
0.0 %
AverageAround the average of companies in the same industry
20232025
Net profit margin
0.0 %
WeakAmong the 40% lowest rated companies in the industry
20232025
Asset turnover
0.22×
AverageAround the average of companies in the same industry
20232025
Debt / equity
44.30×
Very weakAmong the 10% lowest rated companies in the industry
20232025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same 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 marginAverage
Around the average of companies in the same 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 marginWeak
Among the 40% lowest 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)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
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.
Return on net assets (RONA)Average
Around the average of companies in the same 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 ratioStrong
Among the 40% 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 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 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 ratioWeak
Among the 40% 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 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 capitalWeak
Among the 40% 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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 30% 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.
Debt to equityVery weak
Among the 10% 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 10% 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 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 debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 40% 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 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
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 turnoverAverage
Around the average of companies in the same 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 capitalVery strong
Among the 20% 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 equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
FJ Management | Management | 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
KE Deputy Chairman | Deputy Chairman | 2026 |
ED Chairman | Chairman | 2026 |
EL Board of Directors | Board of Directors | 2026 |
ME Board of Directors | Board of Directors | 2023 |
RB Board of Directors | Board of Directors | 2023 |
Former (2)
SB Chairman | Chairman | 2023 – 2026 |
JK Board of Directors | Board of Directors | 2023 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 | |
| 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
Ry Varmeværk A M B A
Ry Varmeværk ApS Board network connections
Board members of Ry Varmeværk ApS also hold positions in 23 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Erik Lund Kristiansen | Board of Directors | 8 companiesMany roles |
| Kim Eriksen | Deputy Chairman | 4 companies |
| Michael Ellegaard Skovsgaard | Board of Directors | 3 companies |
| Rolf Byrnum | Board of Directors | 3 companies |
| Simon Boel | Chairman | 2 companies |
| Flemming Joel Skjødt | Management | 1 company |
| Erland Damgren Christensen | Chairman | 1 company |
| Jan Kreutzfeldt Busk Pedersen | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of Ry Varmeværk ApS?
Ry Varmeværk ApS is registered with CVR / Virk under CVR 44537508.
What is the revenue of Ry Varmeværk ApS?
Ry Varmeværk ApS reported revenue of DKK 44.5m in 2025.
How many employees does Ry Varmeværk ApS have?
Ry Varmeværk ApS employs 12 people as of the latest annual report.
Who is the chairman of Ry Varmeværk ApS?
Erland Damgren Christensen chairs the board of Ry Varmeværk ApS, in role since 2026.
Where is Ry Varmeværk ApS headquartered?
Ry Varmeværk ApS's registered address is Bakkelyvej 3.