Handest VVS A/S
A/SActiveAdvertising protectionCVR 45704408Vegendalvej 20, 7700 ThistedPlumbing, heat and air-conditioning installation· NACE 4322Est. 2025 · 1 year old21 employees
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Overview
Handest VVS A/S is a Danish A/S based in Thisted, operating in the Plumbing, heat and air-conditioning installation sector. Incorporated in 2025, the company has 21 employees and reported a gross profit of DKK 16.3m in its latest annual filing.
Gross profit 2025
16.3M DKK
EBITDA margin (of gross profit)
23.8 %
Net profit 2025
2.3M DKK
21 employees
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
60.6 %
StrongAmong the 30% highest rated companies in the industry
20252025
Liquidity ratioCurrent assets ÷ Short-term debt
2.4×
StrongAmong the 30% highest rated companies in the industry
20252025
Return on assets (ROA)Net profit ÷ Total assets × 100
11.7 %
StrongAmong the 40% highest rated companies in the industry
20252025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Gross profit | 16.3M DKK | — |
| EBITDA | 3.9M DKK | — |
| Net profit | 2.3M DKK | — |
| Total assets | 19.8M DKK | — |
| Equity | 12M DKK | — |
| Employees | 21 | — |
Company information
Legal name
Handest VVS A/S
CVR number
45704408
Legal form
Aktieselskab
NACE code
Founded
25 June 2025 · 1 year
Share capital
DKK 500,000
Employees
21 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af et direktionsmedlem eller af den samlede bestyrelse.
Company purpose
Selskabets formål er at drive traditionel VVS-virksomhed samt andre hermed forbundne forretningsaktiviteter.
(no translation available)
Contact
Address
Vegendalvej 20, 7700 Thisted
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2025), Handest VVS A/S reported a gross profit of DKK 16.3m. The bottom line showed a net profit of DKK 2.3m, and the EBITDA margin stood at 23.8%.
At the end of 2025, equity financed 60.6% of the balance sheet, and current assets covered short-term debt 2.4 times.
Financials
Gross profit
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 |
|---|---|
| Gross profit | 16,330 |
| Staff expenses | -12,445 |
| EBITDA | 3,885 |
| Depreciation & amort. | -990 |
| EBIT | 2,895 |
| Net financials | 89 |
| Profit before tax | 2,985 |
| Tax | 663 |
| Net profit | 2,322 |
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Balance sheet
DKK thousands| Item | 2025 |
|---|---|
| Total assets | 19,769 |
| Equity | 11,983 |
| Long-term debt | 0 |
| Short-term debt | 7,128 |
| Total debt | 7,128 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
23.8 %
20252025
Equity ratio
60.6 %
StrongAmong the 30% highest rated companies in the industry
20252025
Return on equity
19.4 %
AverageAround the average of companies in the same industry
20252025
Net profit margin (of gross profit)
14.2 %
20252025
Asset turnover (of gross profit)
0.83×
20252025
Debt / equity
0.65×
StrongAmong the 30% highest rated companies in the industry
20252025
Sector performance
19 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
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)Strong
Among the 40% 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)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 40% 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.
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 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 ratioStrong
Among the 30% 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 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 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 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 ratioStrong
Among the 30% highest 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 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 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 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 coverageStrong
Among the 30% highest 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
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.
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) | ||
PH Management | Management | 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
LS Chairman | Chairman | 2025 |
JB Board of Directors | Board of Directors | 2025 |
PH Board of Directors | Board of Directors | 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2025 | |
| 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
HARTMANN, THISTED ApS
Handest VVS A/S Board network connections
Board members of Handest VVS A/S also hold positions in 24 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jan Bisgaard Sørensen | Board of Directors | 18 companiesMany roles |
| Per Hartmann Handest | Management | 5 companies |
| Lone Skaarup | Chairman | 1 company |
Frequently asked questions
What is the CVR number of Handest VVS A/S?
Handest VVS A/S is registered with CVR / Virk under CVR 45704408.
What is the gross profit of Handest VVS A/S?
Handest VVS A/S reported a gross profit of DKK 16.3m in 2025.
How many employees does Handest VVS A/S have?
Handest VVS A/S employs 21 people as of the latest annual report.
Who is the chairman of Handest VVS A/S?
Lone Skaarup chairs the board of Handest VVS A/S.
Where is Handest VVS A/S headquartered?
Handest VVS A/S's registered address is Vegendalvej 20.