Thygesen Textile Solutions A/S
A/SDissolvedCVR 73435811Navervej 16, 7430 IkastManufacture of knitted and crocheted fabrics· NACE 1391Est. 1984 · 42 years old10 employees
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Overview
Thygesen Textile Solutions A/S is a Danish A/S based in Ikast, operating in the Manufacture of knitted and crocheted fabrics sector. Incorporated in 1984, the company has 10 employees and reported revenue of DKK 160.0m in its latest annual filing.
Revenue 2019
160M DKK
+13% vs 2018
EBITDA margin
3.2 %
−23% vs 2018
Net profit 2019
0.6M DKK
-70% vs 2018
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
51.4 %
AverageAround the average of companies in the same industry
20162019
Liquidity ratioCurrent assets ÷ Short-term debt
2.0×
AverageAround the average of companies in the same industry
20162019
Return on assets (ROA)Net profit ÷ Total assets × 100
0.6 %
WeakAmong the 40% lowest rated companies in the industry
20162019
EBITDA — year on year
DKK millionsKey figures
Annual report 2019| Revenue | 160M DKK | +13% |
| EBITDA | 5.1M DKK | -23% |
| Net profit | 0.6M DKK | -70% |
| Total assets | 96.4M DKK | -3% |
| Equity | 49.6M DKK | -2% |
| Employees | 10 | — |
Company information
Legal name
THYGESEN TEXTILE SOLUTIONS A/S
CVR number
73435811
Legal form
Aktieselskab
NACE code
Founded
2 January 1984 · 42 years
Share capital
DKK 15,000,000
Employees
10 (FTE)
VAT registered
No
Audit selected
No
Last report
2019-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør sammen med bestyrelsesformanden eller af den samlede bestyrelse
Address
Navervej 16, 7430 Ikast
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Financial development
In its most recent annual report (2019), Thygesen Textile Solutions A/S reported revenue of DKK 160.0m, an increase of 13% on the year before. The figures on this page draw on 5 annual filings covering 2016 to 2019. The bottom line showed a net profit of DKK 582.0k, and the EBITDA margin stood at 3.2%.
At the end of 2019, equity financed 51.4% of the balance sheet, and current assets covered short-term debt 2 times.
Financials
Revenue
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2019 | 2018 | 2017 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 160,027 | 141,715 | 83,169 | 217,773 | 169,298 |
| Staff expenses | -35,256 | -31,456 | -19,325 | -39,569 | -31,588 |
| EBITDA | 5,134 | 6,647 | 7,090 | 17,430 | 14,510 |
| Depreciation & amort. | -3,700 | -3,326 | -2,418 | -6,085 | -3,696 |
| EBIT | 1,434 | 3,321 | 4,672 | 11,345 | 10,814 |
| Net financials | -363 | -212 | -1,013 | -743 | -903 |
| Profit before tax | 1,071 | 3,109 | 3,659 | 10,602 | 9,911 |
| Tax | 489 | 1,141 | -396 | 1,913 | -2,678 |
| Net profit | 582 | 1,968 | 4,055 | 8,689 | 12,589 |
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Balance sheet
DKK thousands| Item | 2019 | 2018 | 2017 | 2017 | 2016 |
|---|---|---|---|---|---|
| Total assets | 96,446 | 99,187 | 83,682 | 119,070 | 88,088 |
| Equity | 49,558 | 50,554 | 48,097 | 58,094 | 40,697 |
| Long-term debt | 5,581 | 5,236 | 4,136 | 9,557 | 5,149 |
| Short-term debt | 41,307 | 43,397 | 31,449 | 51,419 | 31,511 |
| Total debt | 46,888 | 48,633 | 35,585 | 60,976 | 36,660 |
Financial ratios
5-year trendEBITDA margin
3.2 %
20162019
Equity ratio
51.4 %
AverageAround the average of companies in the same industry
20162019
Return on equity
1.2 %
WeakAmong the 30% lowest rated companies in the industry
20162019
Net profit margin
0.4 %
WeakAmong the 40% lowest rated companies in the industry
20162019
Asset turnover
1.66×
StrongAmong the 30% highest rated companies in the industry
20162019
Debt / equity
0.95×
AverageAround the average of companies in the same industry
20162019
Sector performance
26 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Operating marginWeak
Among the 40% lowest rated companies in the industry
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 marginWeak
Among the 40% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Weak
Among the 30% 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 40% 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)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.
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 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 ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityAverage
Around the average of companies in the same 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 capitalAverage
Around the average of companies in the same 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 ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same 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 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 40% 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 turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 40% highest rated companies in the industry
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.
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 equityWeak
Among the 40% 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.
Annual reports & filings
- Annual report 2019Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via CVR / Virk · Period 2017-05-01 – 2017-12-31
- Annual report 2017Filed via CVR / Virk · Period 2016-05-01 – 2017-04-30
- Annual report 2016Filed via CVR / Virk · Period 2015-05-01 – 2016-04-30
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (8)
JT Chief Executive Officer | Chief Executive Officer | 2009 – 2020 |
MG Management | Management | 2009 – 2020 |
NB Management | Management | 1984 – 1991 |
AS Deputy | Deputy | 2008 – 2010 |
HC Chief Executive Officer | Chief Executive Officer | 1984 – 2003 |
SH Management | Management | 2003 – 2006 |
JK Management | Management | 2006 – 2009 |
HM Deputy | Deputy | 2008 – 2010 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (23)
VE Board of Directors | Board of Directors | 2004 – 2006 |
KH Board of Directors | Board of Directors | 2010 – 2011 |
HO Board of Directors | Board of Directors | 2014 – 2020 |
MB Board of Directors | Board of Directors | 2014 – 2020 |
TR Board of Directors | Board of Directors | 2006 – 2006 |
JR Chairman | Chairman | 2018 – 2018 |
MG Board of Directors | Board of Directors | 2010 – 2014 |
BH Board of Directors | Board of Directors | 1984 – 1991 |
JB Board of Directors | Board of Directors | 1984 – 1992 |
CS Board of Directors | Board of Directors | 2018 – 2020 |
NB Board of Directors | Board of Directors | 1984 – 1998 |
FK Board of Directors | Board of Directors | 1984 – 1998 |
HC Board of Directors | Board of Directors | 1998 – 2004 |
NL Chairman | Chairman | 2018 – 2020 |
JB Board of Directors | Board of Directors | 2004 – 2010 |
SH Board of Directors | Board of Directors | 1984 – 1991 |
EG Board of Directors | Board of Directors | 2006 – 2014 |
PA Board of Directors | Board of Directors | 2001 – 2004 |
CD Board of Directors | Board of Directors | 2004 – 2010 |
KB Board of Directors | Board of Directors | 2008 – 2010 |
JO Chairman | Chairman | 2014 – 2018 |
HK Chairman | Chairman | 1984 – 1998 |
HØ Board of Directors | Board of Directors | 1998 – 2001 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2019 | |
| Company | 20–24.99% | 20–24.99% | 2014 | |
| Company | 20–24.99% | 20–24.99% | 2014 |
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Related companies
Company hierarchy
Thygesen Textile Group A/S
Thygesen Textile Solutions A/S (this company)Board network connections
Board members of Thygesen Textile Solutions A/S also hold positions in 168 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Vilhelm Eigil Hahn-Petersen | Board of Directors | 58 companiesMany roles |
| Finn Kjærgaard | Board of Directors | 23 companiesMany roles |
| Hans Olesen Damgaard | Board of Directors | 18 companiesMany roles |
| Niels Laurits Thygesen | Chairman | 15 companiesMany roles |
| Jens Thygesen | Chief Executive Officer | 11 companiesMany roles |
| Morten Georg Thygesen | Management | 8 companiesMany roles |
| Michael Bjørno Jensen | Board of Directors | 8 companiesMany roles |
| Jørgen Bech Madsen | Board of Directors | 7 companiesMany roles |
| Søren Holstein Thygesen | Management | 4 companies |
| Thomas Ryge Mikkelsen | Board of Directors | 4 companies |
| Jesper Rasmussen | Chairman | 4 companies |
| Jorg Karl-Heinz Westerhoff | Management | 3 companies |
| Carsten Skov-Aggerholm | Board of Directors | 2 companies |
| Jens Okkels Hansen | Chairman | 2 companies |
| Henning Christensen | Chief Executive Officer | 1 company |
Frequently asked questions
What is the CVR number of Thygesen Textile Solutions A/S?
Thygesen Textile Solutions A/S is registered with CVR / Virk under CVR 73435811.
What is the revenue of Thygesen Textile Solutions A/S?
Thygesen Textile Solutions A/S reported revenue of DKK 160.0m in 2019.
How many employees does Thygesen Textile Solutions A/S have?
Thygesen Textile Solutions A/S employs 10 people as of the latest annual report.
Where is Thygesen Textile Solutions A/S headquartered?
Thygesen Textile Solutions A/S's registered address is Navervej 16.