BØRGE OLSEN ApS

APSDissolved

CVR 78510412Jeppe Åkjærs Vej 14, 4700 NæstvedRental and operating of own or leased real estate· NACE 6820Est. 1985 · 41 years old1 employees

Overview

BØRGE OLSEN ApS is a Danish APS based in Næstved, operating in the Rental and operating of own or leased real estate sector. Incorporated in 1985, the company has 1 employee and reported a gross profit of DKK 258.1k in its latest annual filing.

Gross profit 2020

0.3M DKK

−45% vs 2019

EBITDA margin (of gross profit)

65.5 %

+29% vs 2019

Net profit 2020

0.1M DKK

+801% vs 2019

Key ratios

See full ratios →

18.7 %

Weak

Among the 40% lowest rated companies in the industry

20162020

1.6×

Strong

Among the 30% highest rated companies in the industry

20162020

1.5 %

Average

Around the average of companies in the same industry

20162020

EBITDA — year on year

DKK thousands

Key figures

Annual report 2020

Gross profit	0.3M DKK	-45%
EBITDA	0.2M DKK	+29%
Net profit	0.1M DKK	+801%
Total assets	3.4M DKK	+2%
Equity	0.6M DKK	+9%
Employees	1	—

Financial development

In its most recent annual report (2020), BØRGE OLSEN ApS reported a gross profit of DKK 258.1k, a decrease of 45% on the year before. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net profit of DKK 51.3k, and the EBITDA margin stood at 65.5%.

At the end of 2020, equity financed 18.7% of the balance sheet, and current assets covered short-term debt 1.6 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2020	2019	2018	2017	2016
Revenue	258	467	242	58	254
Staff expenses	-89	-88	-86	-94	-132
EBITDA	169	131	156	-36	122
Depreciation & amort.	-61	-84	-87	-64	53
EBIT	108	47	69	-100	69
Net financials	-42	-40	-40	-35	-58
Profit before tax	66	7	29	-135	12
Tax	15	2	-11	-13	3
Net profit	51	6	40	-122	9

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Balance sheet

DKK thousands

Item	2020	2019	2018	2017	2016
Total assets	3,368	3,299	3,313	3,263	3,385
Equity	631	579	574	534	656
Long-term debt	2,436	2,466	2,465	2,463	2,462
Short-term debt	272	239	262	242	231
Total debt	2,708	2,705	2,727	2,706	2,693

Financial ratios

5-year trend

EBITDA margin

65.5 %

20162020

Equity ratio

18.7 %

Weak

Among the 40% lowest rated companies in the industry

20162020

Return on equity

8.1 %

Average

Around the average of companies in the same industry

20162020

Net profit margin

19.9 %

20162020

Asset turnover

0.08×

20162020

Debt / equity

4.34×

Weak

Among the 30% lowest rated companies in the industry

20162020

Sector performance

23 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on equity (ROE)Average

Around the average of companies in the same 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)Average

Around the average of companies in the same 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 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 ratioStrong

Among the 30% 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 20% 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 equityWeak

Among the 40% 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 ratioVery strong

Among the 20% 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 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 debtAverage

Around the average of companies in the same 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 debtStrong

Among the 30% 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 equityStrong

Among the 40% highest rated companies in the industry

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

One-year change in debtAverage

Around the average of companies in the same 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 2020
Filed via CVR / Virk · Period 2019-02-01 – 2020-01-31
View PDF
Annual report 2019
Filed via CVR / Virk · Period 2018-02-01 – 2019-01-31
View PDF
Annual report 2018
Filed via CVR / Virk · Period 2017-02-01 – 2018-01-31
View PDF
Annual report 2017
Filed via CVR / Virk · Period 2016-02-01 – 2017-01-31
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2015-02-01 – 2016-01-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


IF Inga Friis Christensen Management	Management	1985 – 2021
JL Jørgen Luttermann Audit	Audit	1985 – 2013

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Inga Friis Christensen	Individual	100%	100%	1992

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of BØRGE OLSEN ApS also hold positions in 1 other company.

Person	Role here	Other companies
Inga Friis Christensen	Management	1 company

Frequently asked questions

What is the CVR number of BØRGE OLSEN ApS?

BØRGE OLSEN ApS is registered with CVR / Virk under CVR 78510412.

What is the gross profit of BØRGE OLSEN ApS?

BØRGE OLSEN ApS reported a gross profit of DKK 258.1k in 2020.

How many employees does BØRGE OLSEN ApS have?

BØRGE OLSEN ApS employs 1 people as of the latest annual report.

Where is BØRGE OLSEN ApS headquartered?

BØRGE OLSEN ApS's registered address is Jeppe Åkjærs Vej 14.