TS-98 ApS

APSActive

CVR 70908328Søtofteparken 21, 3660 StenløseWholesale of other machinery and equipment· NACE 4664Est. 1982 · 43 years old1 employees

Overview

TS-98 ApS is a Danish APS based in Stenløse, operating in the Wholesale of other machinery and equipment sector. Incorporated in 1982, the company has 1 employee and reported a gross profit of DKK 104.5k in its latest annual filing.

Gross profit 2025

104.5K DKK

−39% vs 2024

EBITDA margin (of gross profit)

71.1 %

−49% vs 2024

Net profit 2025

17K DKK

-77% vs 2024

Key ratios

See full ratios →

75.5 %

Very strong

Among the 20% highest rated companies in the industry

20212025

2.9×

Strong

Among the 30% highest rated companies in the industry

20212025

3.0 %

Average

Around the average of companies in the same industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	104.5K DKK	-39%
EBITDA	74.3K DKK	-49%
Net profit	17K DKK	-77%
Total assets	558.6K DKK	-2%
Equity	421.7K DKK	+4%
Employees	1	—

Financial development

In its most recent annual report (2025), TS-98 ApS reported a gross profit of DKK 104.5k, a decrease of 39% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 17.0k, and the EBITDA margin stood at 71.1%.

At the end of 2025, equity financed 75.5% of the balance sheet, and current assets covered short-term debt 2.9 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	104	171	144	258	199
Staff expenses	-30	-26	-18	-152	-129
EBITDA	74	145	126	106	70
Depreciation & amort.	-49	-49	-49	-30	-26
EBIT	25	96	77	76	43
Net financials	1	1	-1	-2	-0
Profit before tax	26	97	76	75	43
Tax	9	21	12	14	-0
Net profit	17	75	64	60	43

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	559	572	469	393	359
Equity	422	405	329	266	205
Long-term debt	0	0	0	0	0
Short-term debt	137	168	139	127	153
Total debt	137	168	139	127	153

Financial ratios

5-year trend

EBITDA margin (of gross profit)

71.1 %

20212025

Equity ratio

75.5 %

Very strong

Among the 20% highest rated companies in the industry

20212025

Return on equity

4.0 %

Weak

Among the 40% lowest rated companies in the industry

20212025

Net profit margin (of gross profit)

16.3 %

20212025

Asset turnover (of gross profit)

0.19×

20212025

Debt / equity

0.32×

Strong

Among the 30% highest rated companies in the industry

20212025

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.

Capacity ratioStrong

Among the 40% highest 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 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 ratioVery strong

Among the 10% 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 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 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 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 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 debtStrong

Among the 40% 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 rate on debtVery strong

Among the 10% 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.

Interest coverageNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

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 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 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 2025
Filed via CVR / Virk · Period 2024-05-01 – 2025-04-30
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2023-05-01 – 2024-04-30
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-05-01 – 2023-04-30
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-05-01 – 2022-04-30
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-05-01 – 2021-04-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
TS Torben Steen Mortensen Management	Management	2015

Former (2)


AP Arne Peter Møller Audit	Audit	1982 – 2015
PU Peter Urban Bruun Audit	Audit	1982 – 1993

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Torben Steen Mortensen	Individual	100%	100%	1982

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of TS-98 ApS also hold positions in 21 other companies.

Person	Role here	Other companies
Arne Peter Møller	Audit	20 companiesMany roles
Peter Urban Bruun	Audit	1 company

Frequently asked questions

What is the CVR number of TS-98 ApS?

TS-98 ApS is registered with CVR / Virk under CVR 70908328.

What is the gross profit of TS-98 ApS?

TS-98 ApS reported a gross profit of DKK 104.5k in 2025.

How many employees does TS-98 ApS have?

TS-98 ApS employs 1 people as of the latest annual report.

Where is TS-98 ApS headquartered?

TS-98 ApS's registered address is Søtofteparken 21.