Thulstrup Holdings ApS
APSActiveAdvertising protectionCVR 45577007Bernhardt Jensens Boulevard 89, 8000 Aarhus CActivities of holding companies· NACE 6421Est. 2025 · 1 year old— employees
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Overview
Thulstrup Holdings ApS is a Danish APS based in Aarhus C, operating in the Activities of holding companies sector. Incorporated in 2025, the company reported a gross profit of -DKK 1.1k in its latest annual filing.
Gross profit 2026
-1.1K DKK
EBITDA margin (of gross profit)
100.0 %
Net profit 2026
-1K DKK
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
82.7 %
AverageAround the average of companies in the same industry
20262026
Liquidity ratioCurrent assets ÷ Short-term debt
1.8×
AverageAround the average of companies in the same industry
20262026
Return on assets (ROA)Net profit ÷ Total assets × 100
-3.6 %
WeakAmong the 30% lowest rated companies in the industry
20262026
EBITDA — year on year
DKKKey figures
Annual report 2026| Gross profit | -1.1K DKK | — |
| EBITDA | -1.1K DKK | — |
| Net profit | -1K DKK | — |
| Total assets | 29K DKK | — |
| Equity | 24K DKK | — |
| Employees | — | — |
Company information
Legal name
Thulstrup Holdings ApS
CVR number
45577007
Legal form
Anpartsselskab
NACE code
Founded
1 April 2025 · 1 year
Share capital
DKK 25,000
Employees
—
VAT registered
No
Audit selected
No
Last report
2026-03-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør.
Company purpose
Selskabets formål er at drive virksomhed med at eje kapitalandele i andre selskaber samt relateret formueadministration og hermed forbundet virksomhed.
(no translation available)
Contact
Address
Bernhardt Jensens Boulevard 89, 8000 Aarhus C
Phone
+45 2270 3089
Email
stinethulstrup@outlook.com
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2026), Thulstrup Holdings ApS reported a gross profit of -DKK 1.1k. The bottom line showed a net loss of DKK 1.0k.
At the end of 2026, equity financed 82.7% of the balance sheet, and current assets covered short-term debt 1.8 times.
Financials
Gross profit
DKKEBITDA
DKKIncome statement
DKK thousands| Item | 2026 |
|---|---|
| Gross profit | -1 |
| Staff expenses | -0 |
| EBITDA | -1 |
| Depreciation & amort. | -0 |
| EBIT | -1 |
| Net financials | 0 |
| Profit before tax | -1 |
| Tax | -0 |
| Net profit | -1 |
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Balance sheet
DKK thousands| Item | 2026 |
|---|---|
| Total assets | 29 |
| Equity | 24 |
| Long-term debt | 0 |
| Short-term debt | 5 |
| Total debt | 5 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
<−999 %
20262026
Equity ratio
82.7 %
AverageAround the average of companies in the same industry
20262026
Return on equity
-4.4 %
WeakAmong the 30% lowest rated companies in the industry
20262026
Net profit margin (of gross profit)
<−999 %
20262026
Asset turnover (of gross profit)
-0.04×
20262026
Debt / equity
0.21×
WeakAmong the 40% lowest rated companies in the industry
20262026
Sector performance
17 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Weak
Among the 30% 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)Weak
Among the 30% 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.
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.
Capacity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioAverage
Around the average of companies in the same 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 ratioStrong
Among the 30% 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 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 capitalAverage
Around the average of companies in the same 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 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 equityWeak
Among the 40% 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 equityWeak
Among the 40% 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 debtWeak
Among the 30% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
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.
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
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.
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.
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) | ||
SR Chief Executive Officer | Chief Executive Officer | 2025 |
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 100% | 100% | 2025 |
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
Thulstrup Holdings ApS 
&Activate ApSBoard network connections
Board members of Thulstrup Holdings ApS also hold positions in 1 other company.
| Person | Role here | Other companies |
|---|---|---|
| Stine Rømer Thulstrup | Chief Executive Officer | 1 company |
Frequently asked questions
What is the CVR number of Thulstrup Holdings ApS?
Thulstrup Holdings ApS is registered with CVR / Virk under CVR 45577007.
What is the gross profit of Thulstrup Holdings ApS?
Thulstrup Holdings ApS reported a gross profit of -DKK 1.1k in 2026.
Who is the CEO of Thulstrup Holdings ApS?
Stine Rømer Thulstrup is the CEO of Thulstrup Holdings ApS.
Where is Thulstrup Holdings ApS headquartered?
Thulstrup Holdings ApS's registered address is Bernhardt Jensens Boulevard 89, 2. th.