Mec A/S
A/SDissolvedCVR 53239218Industriparken 23, 2750 BallerupManufacture of wiring devices· NACE 2733Est. 1975 · 51 years old0 employees
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Overview
Mec A/S is a Danish A/S based in Ballerup, operating in the Manufacture of wiring devices sector. Incorporated in 1975, the company has 0 employees and reported a gross profit of DKK 31.2m in its latest annual filing.
Gross profit 2017
31.2M DKK
−2% vs 2016
EBITDA margin (of gross profit)
24.7 %
−26% vs 2016
Net profit 2017
4.5M DKK
-35% vs 2016
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
71.2 %
StrongAmong the 30% highest rated companies in the industry
20132017
Liquidity ratioCurrent assets ÷ Short-term debt
2.6×
StrongAmong the 30% highest rated companies in the industry
20132017
Return on assets (ROA)Net profit ÷ Total assets × 100
15.4 %
StrongAmong the 30% highest rated companies in the industry
20132017
EBITDA — year on year
DKK millionsKey figures
Annual report 2017| Gross profit | 31.2M DKK | -2% |
| EBITDA | 7.7M DKK | -26% |
| Net profit | 4.5M DKK | -35% |
| Total assets | 28.9M DKK | -2% |
| Equity | 20.6M DKK | -5% |
| Employees | 0 | — |
Company information
Legal name
MEC A/S
CVR number
53239218
Legal form
Aktieselskab
NACE code
Founded
25 August 1975 · 51 years
Share capital
DKK 1,500,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2017-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af bestyrelsesformanden alene eller af direktøren alene, eller af den samlede bestyrelse
Address
Industriparken 23, 2750 Ballerup
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Financial development
In its most recent annual report (2017), Mec A/S reported a gross profit of DKK 31.2m, a decrease of 2% on the year before. The figures on this page draw on 5 annual filings covering 2013 to 2017. The bottom line showed a net profit of DKK 4.5m, and the EBITDA margin stood at 24.7%.
At the end of 2017, equity financed 71.2% of the balance sheet, and current assets covered short-term debt 2.6 times.
Financials
Gross profit
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|
| Gross profit | 31,234 | 31,779 | 35,347 | 31,904 | 28,231 |
| Staff expenses | -23,518 | -21,347 | -22,702 | -20,675 | -18,735 |
| EBITDA | 7,716 | 10,432 | 12,645 | 11,230 | 9,496 |
| Depreciation & amort. | -2,042 | -1,844 | -1,852 | -1,606 | -1,480 |
| EBIT | 5,674 | 8,588 | 10,793 | 9,624 | 8,016 |
| Net financials | 44 | 239 | 517 | 579 | 307 |
| Profit before tax | 5,718 | 8,827 | 11,310 | 10,204 | 8,323 |
| Tax | 1,257 | 1,946 | 2,621 | 2,484 | 2,070 |
| Net profit | 4,461 | 6,881 | 8,689 | 7,720 | 6,253 |
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Balance sheet
DKK thousands| Item | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|
| Total assets | 28,896 | 29,384 | 32,726 | 29,288 | 29,993 |
| Equity | 20,574 | 21,614 | 23,233 | 21,544 | 21,424 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 7,486 | 7,016 | 8,859 | 7,268 | 8,213 |
| Total debt | 7,486 | 7,016 | 8,859 | 7,268 | 8,213 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
24.7 %
20132017
Equity ratio
71.2 %
StrongAmong the 30% highest rated companies in the industry
20132017
Return on equity
21.7 %
StrongAmong the 40% highest rated companies in the industry
20132017
Net profit margin (of gross profit)
14.3 %
20132017
Asset turnover (of gross profit)
1.08×
20132017
Debt / equity
0.40×
StrongAmong the 30% highest rated companies in the industry
20132017
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)Strong
Among the 40% 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)Strong
Among the 40% 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 ratioAverage
Around the average of companies in the same 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 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 ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery strong
Among the 20% 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 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 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 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 strong
Among the 20% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 20% 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 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 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same 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
- Annual report 2017Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
- Annual report 2014Filed via CVR / Virk · Period 2014-01-01 – 2014-12-31
- Annual report 2013Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (7)
DL Chief Executive Officer | Chief Executive Officer | 2013 – 2018 |
NH Audit | Audit | 1975 – 1991 |
RO Management | Management | 2000 – 2000 |
NC Management | Management | 2009 – 2009 |
IG Chief Executive Officer | Chief Executive Officer | 2000 – 2009 |
SM Management | Management | 2009 – 2013 |
ED Management | Management | 2013 – 2013 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (19)
MF | Chairman | 2015 – 2018 |
PU Board of Directors | Board of Directors | 1975 – 1998 |
MR Board of Directors | Board of Directors | 2007 – 2011 |
SD Board of Directors | Board of Directors | 1975 – 1994 |
EA Board of Directors | Board of Directors | 1975 – 1990 |
FR Board of Directors | Board of Directors | 1999 – 2006 |
PJ Board of Directors | Board of Directors | 2006 – 2008 |
IA Chairman | Chairman | 1975 – 1998 |
HF Board of Directors | Board of Directors | 1975 – 1998 |
RO Board of Directors | Board of Directors | 2000 – 2008 |
EO Board of Directors | Board of Directors | 1975 – 1991 |
NC Board of Directors | Board of Directors | 2009 – 2009 |
GS Chairman | Chairman | 2013 – 2015 |
NC Board of Directors | Board of Directors | 2007 – 2012 |
DD Deputy Chairman | Deputy Chairman | 2007 – 2012 |
JB Board of Directors | Board of Directors | 2012 – 2018 |
ED Board of Directors | Board of Directors | 2013 – 2013 |
PR Board of Directors | Board of Directors | 2010 – 2012 |
GR Chairman | Chairman | 1998 – 2003 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2007 |
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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Company hierarchy
MEC ApS
Mec A/S Board network connections
Board members of Mec A/S also hold positions in 31 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Poul Jagd Mogensen | Board of Directors | 16 companiesMany roles |
| Erik Andresen | Board of Directors | 6 companiesMany roles |
| Finn Rønne | Board of Directors | 3 companies |
| Dan Larsen | Chief Executive Officer | 2 companies |
| Ivan Gam | Chief Executive Officer | 2 companies |
| Niels Harder | Audit | 1 company |
| Ib Andresen | Chairman | 1 company |
Frequently asked questions
What is the CVR number of Mec A/S?
Mec A/S is registered with CVR / Virk under CVR 53239218.
What is the gross profit of Mec A/S?
Mec A/S reported a gross profit of DKK 31.2m in 2017.
Where is Mec A/S headquartered?
Mec A/S's registered address is Industriparken 23.