Wraae Sko A/S

A/SBankruptAdvertising protection

CVR 53800718Algade 20, 4000 RoskildeRetail sale of footwear and leather goods· NACE 4772Est. 1969 · 56 years old3 employees

Overview

Wraae Sko A/S is a Danish A/S based in Roskilde, operating in the Retail sale of footwear and leather goods sector. Incorporated in 1969, the company has 3 employees and reported a gross profit of DKK 627.0k in its latest annual filing.

Gross profit 2018

0.6M DKK

+139% vs 2017

EBITDA margin (of gross profit)

−17.6 %

−347% vs 2017

Net profit 2018

-0.2M DKK

-118% vs 2017

Key ratios

See full ratios →

61.3 %

Strong

Among the 40% highest rated companies in the industry

20142018

1.7×

Average

Around the average of companies in the same industry

20142018

-4.2 %

Weak

Among the 30% lowest rated companies in the industry

20142018

EBITDA — year on year

DKK thousands

Key figures

Annual report 2018

Gross profit	0.6M DKK	+139%
EBITDA	-0.1M DKK	-347%
Net profit	-0.2M DKK	-118%
Total assets	3.7M DKK	-35%
Equity	2.3M DKK	-45%
Employees	3	—

Contact

Address

Algade 20, 4000 Roskilde

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2018), Wraae Sko A/S reported a gross profit of DKK 627.0k, an increase of 139% on the year before. The figures on this page draw on 5 annual filings covering 2014 to 2018. The bottom line showed a net loss of DKK 154.3k, and the EBITDA margin stood at -17.6%.

At the end of 2018, equity financed 61.3% of the balance sheet, and current assets covered short-term debt 1.7 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2018	2017	2016	2015	2014
Gross profit	627	263	11	256	174
Staff expenses	-737	-604	-687	-722	-631
EBITDA	-110	-25	-676	-466	-457
Depreciation & amort.	-127	158	-58	-58	-125
EBIT	-237	-183	-734	-524	-582
Net financials	83	1,044	-19	292	521
Profit before tax	-154	861	-753	-232	-61
Tax	-0	-0	-0	2	-0
Net profit	-154	861	-753	-234	-61

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Balance sheet

DKK thousands

Item	2018	2017	2016	2015	2014
Total assets	3,701	5,667	5,061	7,965	9,863
Equity	2,270	4,160	3,300	7,154	7,488
Long-term debt	0	0	0	0	0
Short-term debt	1,431	1,507	1,761	811	2,374
Total debt	1,431	1,507	1,761	811	2,374

Financial ratios

5-year trend

EBITDA margin (of gross profit)

-17.6 %

20142018

Equity ratio

61.3 %

Strong

Among the 40% highest rated companies in the industry

20142018

Return on equity

-6.8 %

Very weak

Among the 20% lowest rated companies in the industry

20142018

Net profit margin (of gross profit)

-24.6 %

20142018

Asset turnover (of gross profit)

0.17×

20142018

Debt / equity

0.63×

Strong

Among the 40% highest rated companies in the industry

20142018

Sector performance

23 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on equity (ROE)Very weak

Among the 20% 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)Very weak

Among the 20% 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)Weak

Among the 30% 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 ratioVery weak

Among the 20% 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.

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 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 ratioWeak

Among the 40% lowest 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 ratioWeak

Among the 30% 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 equityStrong

Among the 30% 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 30% 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 ratioWeak

Among the 30% 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 40% 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 40% 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 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 30% 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 20% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtAverage

Around the average of companies in the same industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginWeak

Among the 30% lowest 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 capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityVery weak

Among the 20% 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

Annual report 2018
Filed via CVR / Virk · Period 2017-10-01 – 2018-09-30
View PDF
Annual report 2017
Filed via CVR / Virk · Period 2016-10-01 – 2017-09-30
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2015-10-01 – 2016-09-30
View PDF
Annual report 2015
Filed via CVR / Virk · Period 2014-10-01 – 2015-09-30
View PDF
Annual report 2014
Filed via CVR / Virk · Period 2013-10-01 – 2014-09-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (4)


VO Verner Ole Ravn Jørgensen Audit	Audit	1969 – 1991
TO Torben Oxbøll Audit	Audit	1994 – 1999
FO Finn Ove Fruensgaard Deputy	Deputy	1969 – 1991
FT Frank Tarp Hansen Management	Management	1969 – 2020

Board of directors

Non-executive oversight

Name	Role	Member since

Former (7)


TL Torben Larsen Board of Directors	Board of Directors	1995 – 2012
HN Hanne Nørregård Nielsen Chairman	Chairman	1969 – 1991
NE Niels Erik Qvist Krüger Board of Directors	Board of Directors	1969 – 1992
HJ Henrik Jørgen Edvard Bræmer Board of Directors	Board of Directors	1969 – 2020
JK Jette Kolls Johansen Board of Directors	Board of Directors	2012 – 2020
FT Frank Tarp Hansen Board of Directors	Board of Directors	1969 – 2020
MW Michael Willaume Andersen Board of Directors	Board of Directors	1969 – 1995

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Frank Tarp Hansen	Individual	100%	100%	1969

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Wraae Sko A/S also hold positions in 53 other companies.

Person	Role here	Other companies
Michael Willaume Andersen	Board of Directors	25 companiesMany roles
Torben Larsen	Board of Directors	16 companiesMany roles
Henrik Jørgen Edvard Bræmer	Board of Directors	9 companiesMany roles
Frank Tarp Hansen	Management	2 companies
Niels Erik Qvist Krüger	Board of Directors	1 company

Frequently asked questions

What is the CVR number of Wraae Sko A/S?

Wraae Sko A/S is registered with CVR / Virk under CVR 53800718.

What is the gross profit of Wraae Sko A/S?

Wraae Sko A/S reported a gross profit of DKK 627.0k in 2018.

How many employees does Wraae Sko A/S have?

Wraae Sko A/S employs 3 people as of the latest annual report.

Where is Wraae Sko A/S headquartered?

Wraae Sko A/S's registered address is Algade 20.