TG Riis ApS
APSIn liquidationAdvertising protectionCVR 56449116Kongelysvej 13, 3300 FrederiksværkKarosseriværksteder og autolakererier· NACE 452020Est. 1976 · 50 years old3 employees
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Overview
TG Riis ApS is a Danish APS based in Frederiksværk, operating in the Karosseriværksteder og autolakererier sector. Incorporated in 1976, the company has 3 employees and reported a gross profit of DKK 1.6m in its latest annual filing.
Gross profit 2018
1.6M DKK
−28% vs 2017
EBITDA margin (of gross profit)
4.0 %
−33% vs 2017
Net profit 2018
0M DKK
-49% vs 2017
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
18.6 %
WeakAmong the 40% lowest rated companies in the industry
20142018
Liquidity ratioCurrent assets ÷ Short-term debt
1.1×
WeakAmong the 40% lowest rated companies in the industry
20142018
Return on assets (ROA)Net profit ÷ Total assets × 100
0.5 %
AverageAround the average of companies in the same industry
20142018
EBITDA — year on year
DKK thousandsKey figures
Annual report 2018| Gross profit | 1.6M DKK | -28% |
| EBITDA | 0.1M DKK | -33% |
| Net profit | 0M DKK | -49% |
| Total assets | 1.3M DKK | -19% |
| Equity | 0.2M DKK | -29% |
| Employees | 3 | — |
Company information
Legal name
TG Riis ApS
CVR number
56449116
Legal form
Anpartsselskab
NACE code
Founded
22 June 1976 · 50 years
Share capital
DKK 200,000
Employees
3 (FTE)
VAT registered
No
Audit selected
No
Last report
2018-12-31
Financial year
January – December
Signatory rights
Virksomheden tegnes af en likvidator
Contact
Address
Kongelysvej 13, 3300 Frederiksværk
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2018), TG Riis ApS reported a gross profit of DKK 1.6m, a decrease of 28% on the year before. The figures on this page draw on 5 annual filings covering 2014 to 2018. The bottom line showed a net profit of DKK 5.8k, and the EBITDA margin stood at 4%.
At the end of 2018, equity financed 18.6% of the balance sheet, and current assets covered short-term debt 1.1 times.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Gross profit | 1,574 | 2,181 | 2,153 | 2,088 | 2,060 |
| Staff expenses | -1,511 | -2,086 | -1,988 | -1,973 | -1,698 |
| EBITDA | 64 | 95 | 165 | 115 | 361 |
| Depreciation & amort. | -43 | -59 | -65 | -59 | -44 |
| EBIT | 21 | 36 | 100 | 56 | 317 |
| Net financials | -12 | -20 | -16 | -26 | 85 |
| Profit before tax | 9 | 16 | 83 | 30 | 401 |
| Tax | 3 | 5 | 20 | 9 | 101 |
| Net profit | 6 | 11 | 64 | 21 | 301 |
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Balance sheet
DKK thousands| Item | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Total assets | 1,256 | 1,552 | 1,701 | 1,400 | 1,692 |
| Equity | 234 | 328 | 417 | 353 | 333 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 1,022 | 1,223 | 1,284 | 1,046 | 1,357 |
| Total debt | 1,022 | 1,223 | 1,284 | 1,046 | 1,357 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
4.0 %
20142018
Equity ratio
18.6 %
WeakAmong the 40% lowest rated companies in the industry
20142018
Return on equity
2.5 %
WeakAmong the 40% lowest rated companies in the industry
20142018
Net profit margin (of gross profit)
0.4 %
20142018
Asset turnover (of gross profit)
1.25×
20142018
Debt / equity
4.36×
Very weakAmong the 20% lowest rated companies in the industry
20142018
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)Weak
Among the 40% 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)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 40% 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)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioWeak
Among the 40% 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 ratioWeak
Among the 40% lowest 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 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 equityVery weak
Among the 20% lowest 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 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 ratioWeak
Among the 40% lowest 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 ratioWeak
Among the 40% lowest 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 equityVery weak
Among the 20% 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 equityVery weak
Among the 20% 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 40% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 40% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same 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 capitalWeak
Among the 40% lowest 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 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 30% 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 2018Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (3)
OS Audit | Audit | 1976 – 1998 |
BD Management | Management | 1976 – 2004 |
TG Management | Management | 2002 – 2019 |
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2002 |
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Company hierarchy
TORBEN RIIS HOLDING ApS
TG Riis ApS Board network connections
Board members of TG Riis ApS also hold positions in 1 other company.
| Person | Role here | Other companies |
|---|---|---|
| Børge Drist-Jensen | Management | 1 company |
Frequently asked questions
What is the CVR number of TG Riis ApS?
TG Riis ApS is registered with CVR / Virk under CVR 56449116.
What is the gross profit of TG Riis ApS?
TG Riis ApS reported a gross profit of DKK 1.6m in 2018.
How many employees does TG Riis ApS have?
TG Riis ApS employs 3 people as of the latest annual report.
Where is TG Riis ApS headquartered?
TG Riis ApS's registered address is Kongelysvej 13.