Thy Korn ApS
APSActiveCVR 44929732Hvidhøjvej 21, 7700 ThistedWholesale of grain, unmanufactured tobacco, seeds and animal feeds· NACE 4621Est. 2024 · 2 years old— employees
Loading company…
Overview
Thy Korn ApS is a Danish APS based in Thisted, operating in the Wholesale of grain, unmanufactured tobacco, seeds and animal feeds sector. Incorporated in 2024, the company reported a gross profit of DKK 1.1m in its latest annual filing.
Gross profit 2026
1.1M DKK
+2% vs 2025
EBITDA margin (of gross profit)
96.2 %
−2% vs 2025
Net profit 2026
0.3M DKK
-26% vs 2025
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
13.8 %
WeakAmong the 30% lowest rated companies in the industry
20252026
Liquidity ratioCurrent assets ÷ Short-term debt
0.8×
WeakAmong the 30% lowest rated companies in the industry
20252026
Return on assets (ROA)Net profit ÷ Total assets × 100
10.6 %
StrongAmong the 30% highest rated companies in the industry
20252026
EBITDA — year on year
DKK thousandsKey figures
Annual report 2026| Gross profit | 1.1M DKK | +2% |
| EBITDA | 1M DKK | -2% |
| Net profit | 0.3M DKK | -26% |
| Total assets | 2.8M DKK | -9% |
| Equity | 0.4M DKK | -13% |
| Employees | — | — |
Company information
Legal name
Thy Korn ApS
CVR number
44929732
Legal form
Anpartsselskab
Founded
28 June 2024 · 2 years
Share capital
DKK 40,000
Employees
—
VAT registered
Yes
Audit selected
Yes
Last report
2026-06-30
Financial year
January – December
Signatory rights
Selskabet tegnes af bestyrelsens formand i forening med en direktør, bestyrelsens formand i forening med to bestyrelsesmedlemmer eller af den samlede bestyrelse.
Company purpose
Selskabets formål er at forædle og handle med korn samt dermed beslægtet virksomhed efter ledelsens skøn
(no translation available)
Address
Hvidhøjvej 21, 7700 Thisted
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 (2026), Thy Korn ApS reported a gross profit of DKK 1.1m, an increase of 2% on the year before. The figures on this page draw on 2 annual filings covering 2025 to 2026. The bottom line showed a net profit of DKK 293.4k, and the EBITDA margin stood at 96.2%.
At the end of 2026, equity financed 13.8% of the balance sheet, and current assets covered short-term debt 0.8 times.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2026 | 2025 |
|---|---|---|
| Gross profit | 1,059 | 1,039 |
| Staff expenses | -0 | -0 |
| EBITDA | 1,018 | 1,039 |
| Depreciation & amort. | -557 | -407 |
| EBIT | 461 | 632 |
| Net financials | -85 | -119 |
| Profit before tax | 376 | 513 |
| Tax | 83 | 114 |
| Net profit | 293 | 399 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
DKK thousands| Item | 2026 | 2025 |
|---|---|---|
| Total assets | 2,761 | 3,030 |
| Equity | 382 | 439 |
| Long-term debt | 1,204 | 1,440 |
| Short-term debt | 1,134 | 1,098 |
| Total debt | 2,337 | 2,539 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
96.2 %
20252026
Equity ratio
13.8 %
WeakAmong the 30% lowest rated companies in the industry
20252026
Return on equity
76.7 %
Very strongAmong the 10% highest rated companies in the industry
20252026
Net profit margin (of gross profit)
27.7 %
20252026
Asset turnover (of gross profit)
0.38×
20252026
Debt / equity
6.22×
Very weakAmong the 20% lowest rated companies in the industry
20252026
Sector performance
23 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Very strong
Among the 10% 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 10% 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 ratioVery strong
Among the 20% 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.
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 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 equityWeak
Among the 40% 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 capitalVery weak
Among the 10% 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 ratioVery strong
Among the 10% 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 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 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 30% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 30% 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 equityWeak
Among the 30% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 40% highest 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 (1) | ||
JS Management | Management | 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
EM Board of Directors | Board of Directors | 2024 |
SR Chairman | Chairman | 2024 |
JS Board of Directors | Board of Directors | 2024 |
NW Board of Directors | Board of Directors | 2025 |
Former (2)
MS Board of Directors | Board of Directors | 2024 – 2025 |
NM Board of Directors | Board of Directors | 2024 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Vestermark Agro A/S
Thy Korn ApS Board network connections
Board members of Thy Korn ApS also hold positions in 134 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Søren Rasmussen | Chairman | 101 companiesMany roles |
| Ninna Westphael | Board of Directors | 14 companiesMany roles |
| Niels Mikael Hald | Board of Directors | 12 companiesMany roles |
| Jakob Sejersbøl | Management | 3 companies |
| Erik Magnus Sejersbøl | Board of Directors | 3 companies |
| Martin Sigvard Døssing | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of Thy Korn ApS?
Thy Korn ApS is registered with CVR / Virk under CVR 44929732.
What is the gross profit of Thy Korn ApS?
Thy Korn ApS reported a gross profit of DKK 1.1m in 2026.
Who is the chairman of Thy Korn ApS?
Søren Rasmussen chairs the board of Thy Korn ApS.
Where is Thy Korn ApS headquartered?
Thy Korn ApS's registered address is Hvidhøjvej 21.