HEADS ApS
APSActiveAdvertising protectionCVR 45264645Borrebyvej 27, 2700 BrønshøjComputer programming activities· NACE 6210Est. 2024 · 1 year old1 employees
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Overview
HEADS ApS is a Danish APS based in Brønshøj, operating in the Computer programming activities sector. Incorporated in 2024, the company has 1 employee and reported revenue of DKK 228.7k in its latest annual filing.
Revenue 2025
228.7K DKK
EBITDA margin
−12.0 %
Net profit 2025
-27.5K DKK
1 employees
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
88.2 %
StrongAmong the 30% highest rated companies in the industry
20252025
Liquidity ratioCurrent assets ÷ Short-term debt
8.5×
Very strongAmong the 20% highest rated companies in the industry
20252025
Return on assets (ROA)Net profit ÷ Total assets × 100
-74.6 %
Very weakAmong the 20% lowest rated companies in the industry
20252025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Revenue | 228.7K DKK | — |
| EBITDA | -27.5K DKK | — |
| Net profit | -27.5K DKK | — |
| Total assets | 36.9K DKK | — |
| Equity | 32.5K DKK | — |
| Employees | 1 | — |
Company information
Legal name
HEADS ApS
CVR number
45264645
Legal form
Anpartsselskab
NACE code
Founded
9 December 2024 · 1 year
Share capital
DKK 40,000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør alene.
Company purpose
Selskabets formål er at drive virksomhed inden for udvikling af software til mennesker med hjernerystelse.
(no translation available)
Contact
Address
Borrebyvej 27, 2700 Brønshøj
Phone
+45 6078 2978
Email
christianelkrog@gmail.com
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2025), HEADS ApS reported revenue of DKK 228.7k. The bottom line showed a net loss of DKK 27.5k, and the EBITDA margin stood at -12%.
At the end of 2025, equity financed 88.2% of the balance sheet, and current assets covered short-term debt 8.5 times.
Financials
Revenue
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 |
|---|---|
| Revenue | 229 |
| Staff expenses | -108 |
| EBITDA | -27 |
| Depreciation & amort. | -0 |
| EBIT | -27 |
| Net financials | -0 |
| Profit before tax | -27 |
| Tax | -0 |
| Net profit | -27 |
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Balance sheet
DKK thousands| Item | 2025 |
|---|---|
| Total assets | 37 |
| Equity | 33 |
| Long-term debt | 0 |
| Short-term debt | 4 |
| Total debt | 4 |
Financial ratios
5-year trendEBITDA margin
-12.0 %
20252025
Equity ratio
88.2 %
StrongAmong the 30% highest rated companies in the industry
20252025
Return on equity
-84.6 %
Very weakAmong the 10% lowest rated companies in the industry
20252025
Net profit margin
-12.0 %
WeakAmong the 30% lowest rated companies in the industry
20252025
Asset turnover
6.20×
Very strongAmong the 10% highest rated companies in the industry
20252025
Debt / equity
0.13×
StrongAmong the 30% highest rated companies in the industry
20252025
Sector performance
23 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 40% lowest 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 marginWeak
Among the 30% lowest 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 marginWeak
Among the 30% 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)Very weak
Among the 10% 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)Very weak
Among the 20% 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 10% 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 ratioWeak
Among the 30% 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.
Liquidity
Current ratioVery strong
Among the 20% 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 ratioVery strong
Among the 20% highest 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 ratioVery strong
Among the 20% 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 equityStrong
Among the 40% 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 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 ratioVery strong
Among the 20% 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 30% 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 30% 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 weak
Among the 10% 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 10% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery weak
Among the 10% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 turnoverVery strong
Among the 10% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
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.
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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
One-year change in debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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) | ||
Cv Chief Executive Officer | Chief Executive Officer | 2024 |
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 50–66.65% | 50–66.65% | 2024 | |
| Company | 33.33–49.99% | 33.33–49.99% | 2024 | |
| Company | 10–14.99% | 10–14.99% | 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
Black Capital Ventures ApS
HEADS ApS Board network connections
Board members of HEADS ApS also hold positions in 2 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Christian von Bülow Elkrog | Chief Executive Officer | 2 companies |
Frequently asked questions
What is the CVR number of HEADS ApS?
HEADS ApS is registered with CVR / Virk under CVR 45264645.
What is the revenue of HEADS ApS?
HEADS ApS reported revenue of DKK 228.7k in 2025.
How many employees does HEADS ApS have?
HEADS ApS employs 1 people as of the latest annual report.
Who is the CEO of HEADS ApS?
Christian von Bülow Elkrog is the CEO of HEADS ApS.
Where is HEADS ApS headquartered?
HEADS ApS's registered address is Borrebyvej 27, 1..