KORTEC TRADING ApS

Q: What is the CVR number of KORTEC TRADING ApS?

KORTEC TRADING ApS is registered with CVR / Virk under CVR 68761417.

Q: How many employees does KORTEC TRADING ApS have?

KORTEC TRADING ApS employs 1 people as of the latest annual report.

Q: Where is KORTEC TRADING ApS headquartered?

KORTEC TRADING ApS's registered address is Hørsholm Park 3, 4. tc.

APSDissolved

CVR 68761417Hørsholm Park 3, 2970 HørsholmRental and operating of own or leased real estate· NACE 6820Est. 1982 · 44 years old1 employees

Overview

KORTEC TRADING ApS is a Danish APS based in Hørsholm, operating in the Rental and operating of own or leased real estate sector. Incorporated in 1982, the company has 1 employee and reported revenue of DKK 0 in its latest annual filing.

Revenue 2013

0M DKK

EBITDA margin

—

Net profit 2013

-0.4M DKK

+66% vs 2012

Key ratios

See full ratios →

60.2 %

Weak

Among the 30% lowest rated companies in the industry

20122013

2.5×

Average

Around the average of companies in the same industry

20122013

-9.4 %

Very weak

Among the 20% lowest rated companies in the industry

20122013

EBITDA — year on year

DKK thousands

Key figures

Annual report 2013

Revenue	0M DKK	—
EBITDA	-0.1M DKK	+4%
Net profit	-0.4M DKK	+66%
Total assets	4.5M DKK	-14%
Equity	2.7M DKK	-14%
Employees	1	—

Financial development

In its most recent annual report (2013), KORTEC TRADING ApS reported revenue of DKK 0. The figures on this page draw on 2 annual filings covering 2012 to 2013. The bottom line showed a net loss of DKK 419.4k.

At the end of 2013, equity financed 60.2% of the balance sheet, and current assets covered short-term debt 2.5 times.

Financials

Revenue

DKK

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2013	2012
Revenue	0	—
Staff expenses	-0	-0
EBITDA	-100	-104
Depreciation & amort.	-0	-0
EBIT	-100	-104
Net financials	-320	-1,146
Profit before tax	-419	-1,250
Tax	-0	-0
Net profit	-419	-1,250

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Balance sheet

DKK thousands

Item	2013	2012
Total assets	4,462	5,204
Equity	2,685	3,104
Long-term debt	0	0
Short-term debt	1,777	2,100
Total debt	1,777	2,100

Financial ratios

5-year trend

EBITDA margin

<−999 %

20122013

Equity ratio

60.2 %

Weak

Among the 30% lowest rated companies in the industry

20122013

Return on equity

-15.6 %

Very weak

Among the 10% lowest rated companies in the industry

20122013

Net profit margin

<−999 %

20122013

Asset turnover

0.00×

Very weak

Among the 10% lowest rated companies in the industry

20122013

Debt / equity

0.66×

Weak

Among the 30% lowest rated companies in the industry

20122013

Sector performance

24 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 10% 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)Very weak

Among the 20% 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 10% 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 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 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 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 40% 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 10% 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 capitalStrong

Among the 40% highest 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 40% 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 30% 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 30% 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 equityWeak

Among the 30% 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 equityWeak

Among the 30% 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 debtVery weak

Among the 20% 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 coverageStrong

Among the 40% highest rated companies in the industry

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

Interest rate on debtVery weak

Among the 20% lowest rated companies in the 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

Asset turnoverVery weak

Among the 10% lowest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalWeak

Among the 30% 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.

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 2013
Filed via CVR / Virk · Period 2012-07-01 – 2013-06-30
View PDF
Annual report 2012
Filed via CVR / Virk · Period 2011-07-01 – 2012-06-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (5)


HK Henry Kortsen Management	Management	1998 – 2015
VT Vagn Troels Jørgensen Audit	Audit	2006 – 2008
BF Bjarne Frederiksen Audit	Audit	1993 – 2003
GJ Georg Jøker Nissen Audit	Audit	1982 – 1992
KK Kort Kortsen Management	Management	1998 – 1998

Board of directors

Non-executive oversight

Name	Role	Member since

Former (6)


HK Henry Kortsen Board of Directors	Board of Directors	2004 – 2010
LN Lill Nørgaard Chairman	Chairman	2004 – 2005
MN Michael Nørgaard Chairman	Chairman	2005 – 2006
KK Kort Kortsen Board of Directors	Board of Directors	2000 – 2010
KD Keld Dan Kortsen Board of Directors	Board of Directors	1982 – 2004
LK Lene Kortsen Chairman	Chairman	2006 – 2010

Shareholders

Active legal owners

No shareholder data available.

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of KORTEC TRADING ApS also hold positions in 2 other companies.

Person	Role here	Other companies
Vagn Troels Jørgensen	Audit	1 company
Michael Nørgaard	Chairman	1 company

Frequently asked questions

What is the CVR number of KORTEC TRADING ApS?

KORTEC TRADING ApS is registered with CVR / Virk under CVR 68761417.

How many employees does KORTEC TRADING ApS have?

KORTEC TRADING ApS employs 1 people as of the latest annual report.

Where is KORTEC TRADING ApS headquartered?

KORTEC TRADING ApS's registered address is Hørsholm Park 3, 4. tc.