JØRGEN NØRGAARD ApS

APSDissolved

CVR 63197319Amagertorv 13, 1160 København KRetail sale of clothing· NACE 4771Est. 1936 · 89 years old1 employees

Overview

JØRGEN NØRGAARD ApS is a Danish APS based in København K, operating in the Retail sale of clothing sector. Incorporated in 1936, the company has 1 employee and reported a gross profit of DKK 2.3m in its latest annual filing.

Gross profit 2018

2.3M DKK

−4% vs 2017

EBITDA margin (of gross profit)

242.4 %

+767% vs 2017

Net profit 2018

12.3M DKK

+545% vs 2017

Key ratios

See full ratios →

77.4 %

Very strong

Among the 20% highest rated companies in the industry

20142018

2.7×

Strong

Among the 30% highest rated companies in the industry

20142018

3.9 %

Average

Around the average of companies in the same industry

20142018

EBITDA — year on year

DKK thousands

Key figures

Annual report 2018

Gross profit	2.3M DKK	-4%
EBITDA	5.7M DKK	+767%
Net profit	12.3M DKK	+545%
Total assets	315M DKK	+13%
Equity	243.9M DKK	+2%
Employees	1	—

Financial development

In its most recent annual report (2018), JØRGEN NØRGAARD ApS reported a gross profit of DKK 2.3m, a decrease of 4% 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 12.3m, and the EBITDA margin stood at 242.4%.

At the end of 2018, equity financed 77.4% of the balance sheet, and current assets covered short-term debt 2.7 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2018	2017	2016	2015	2014
Gross profit	2,347	2,436	699	1,852	1,655
Staff expenses	-471	-1,980	-1,939	-1,661	-1,581
EBITDA	5,688	656	2,675	1,545	71
Depreciation & amort.	-183	-204	-204	-204	-227
EBIT	5,505	453	2,472	1,342	-156
Net financials	10,316	1,966	477	-1,044	2,292
Profit before tax	15,822	2,419	2,949	297	2,136
Tax	3,484	507	648	65	-3,519
Net profit	12,338	1,912	2,301	232	5,656

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Balance sheet

DKK thousands

Item	2018	2017	2016	2015	2014
Total assets	315,015	278,944	279,136	282,145	293,174
Equity	243,919	238,406	238,444	241,019	242,737
Long-term debt	8,042	8,042	8,042	8,042	8,044
Short-term debt	34,504	7,292	6,932	8,016	17,390
Total debt	42,547	15,335	14,974	16,058	25,434

Financial ratios

5-year trend

EBITDA margin (of gross profit)

242.4 %

20142018

Equity ratio

77.4 %

Very strong

Among the 20% highest rated companies in the industry

20142018

Return on equity

5.1 %

Weak

Among the 40% lowest rated companies in the industry

20142018

Net profit margin (of gross profit)

525.8 %

20142018

Asset turnover (of gross profit)

0.01×

20142018

Debt / equity

0.29×

Very strong

Among the 20% highest rated companies in the industry

20142018

Sector performance

22 of 28 ratios graded

28 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.

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 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 ratioVery strong

Among the 20% 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 ratioWeak

Among the 40% 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 equityVery strong

Among the 10% 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 capitalVery weak

Among the 20% 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 weak

Among the 20% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioVery strong

Among the 20% 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 equityVery strong

Among the 20% 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 debtStrong

Among the 30% highest 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 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 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 capitalVery strong

Among the 10% 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 equityAverage

Around the average of companies in the same industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtVery weak

Among the 10% lowest 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 2018-01-01 – 2018-12-31
View PDF
Annual report 2017
Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
View PDF
Annual report 2015
Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
View PDF
Annual report 2014
Filed via CVR / Virk · Period 2014-01-01 – 2014-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (4)


JD Jens Dyre Nørgaard Management	Management	2018 – 2019
EN Ellen Nørgaard Management	Management	2016 – 2018
MM Mads Mathias Nørgaard Management	Management	1936 – 1996
JS Jørgen Senius Nørgaard Management	Management	1936 – 2018

Board of directors

Non-executive oversight

Name	Role	Member since

Former (9)


OK Ole Kristian Senius Nørgaard Board of Directors	Board of Directors	1996 – 2019
JD Jens Dyre Nørgaard Board of Directors	Board of Directors	1936 – 2019
JJ Julie Jo Nørgaard Board of Directors	Board of Directors	2003 – 2018
EN Ellen Nørgaard Chairman	Chairman	2018 – 2019
CS Christa Sandbæk Jørgensen Board of Directors	Board of Directors	1936 – 1991
MM Mads Mathias Nørgaard Board of Directors	Board of Directors	1936 – 2019
JS Jørgen Senius Nørgaard Board of Directors	Board of Directors	1936 – 2019
AB Anne-Lise Birgit Vrede Board of Directors	Board of Directors	1936 – 1994
CB Christian Bentzen Board of Directors	Board of Directors	1936 – 1996

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Jørgen Senius Nørgaard	Individual	90–99.99%	90–99.99%	1988

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

No registered parent or subsidiaries

Board network connections

Board members of JØRGEN NØRGAARD ApS also hold positions in 31 other companies.

Person	Role here	Other companies
Jens Dyre Nørgaard	Management	15 companiesMany roles
Mads Mathias Nørgaard	Management	13 companiesMany roles
Ole Kristian Senius Nørgaard	Board of Directors	2 companies
Julie Jo Nørgaard	Board of Directors	1 company

Frequently asked questions

What is the CVR number of JØRGEN NØRGAARD ApS?

JØRGEN NØRGAARD ApS is registered with CVR / Virk under CVR 63197319.

What is the gross profit of JØRGEN NØRGAARD ApS?

JØRGEN NØRGAARD ApS reported a gross profit of DKK 2.3m in 2018.

How many employees does JØRGEN NØRGAARD ApS have?

JØRGEN NØRGAARD ApS employs 1 people as of the latest annual report.

Where is JØRGEN NØRGAARD ApS headquartered?

JØRGEN NØRGAARD ApS's registered address is Amagertorv 13.