IPAS ApS
APSActiveAdvertising protectionCVR 78787511Farvervej 65, 9300 SæbyOther financial service activities, except insurance and pension funding n.e.c.· NACE 6499Est. 1985 · 41 years old1 employees
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Overview
IPAS ApS is a Danish APS based in Sæby, operating in the Other financial service activities, except insurance and pension funding n.e.c. sector. Incorporated in 1985, the company has 1 employee and reported revenue of DKK 0 in its latest annual filing.
Revenue 2025
0M DKK
EBITDA margin
—
Net profit 2025
0M DKK
+1057% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
2.9×
AverageAround the average of companies in the same industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
14.7 %
Very strongAmong the 20% highest rated companies in the industry
20212025
EBITDA — year on year
DKKKey figures
Annual report 2025| Revenue | 0M DKK | — |
| EBITDA | -0M DKK | -226% |
| Net profit | 0M DKK | +1057% |
| Total assets | 0M DKK | -65% |
| Equity | -85.1M DKK | 0% |
| Employees | 1 | — |
Company information
Legal name
IPAS ApS
CVR number
78787511
Legal form
Anpartsselskab
Founded
30 June 1985 · 41 years
Share capital
DKK 40,000,000
Employees
1 (FTE)
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Virksomheden tegnes af den samlede direktion i forening.
Company purpose
Selskabets formål er at drive forretning med selskabsadministration og formidling af ejendomsinvesteringer samt anden hermed beslægtet virksomhed
(no translation available)
Contact
Address
Farvervej 65, 9300 Sæby
Phone
+45 4025 4113
Email
ole@vagner.dk
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2025), IPAS ApS reported revenue of DKK 0. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 6.4k.
At the end of 2025, current assets covered short-term debt 2.9 times.
Financials
Revenue
DKKEBITDA
DKKIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | -0 | -5 | -1 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | -2 | -1 | -0 | -5 | -1 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -2 | -1 | -0 | -5 | -1 |
| Net financials | 9 | 0 | 0 | 0 | 0 |
| Profit before tax | 6 | -1 | -0 | -5 | -1 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | 6 | -1 | -0 | -5 | -1 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 44 | 124 | 4 | 4 | 0 |
| Equity | -85,110 | -85,116 | -85,934 | -86,617 | -86,611 |
| Long-term debt | 85,139 | 85,240 | 85,119 | 85,119 | 85,119 |
| Short-term debt | 15 | 0 | 818 | 1,501 | 1,492 |
| Total debt | 85,154 | 85,240 | 85,938 | 86,620 | 86,611 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20212025
Equity ratio
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Return on equity
—
20212025
Net profit margin
>999 %
20212025
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20212025
Debt / equity
—
20212025
Sector performance
17 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on assets (ROA)Very strong
Among the 20% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Basic earning power (BEP)Very weak
Among the 20% lowest rated companies in the 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.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
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 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.
Fixed assets to long-term capitalVery strong
Among the 10% 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 weak
Among the 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioVery weak
Among the 10% 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 ratioVery weak
Among the 10% 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.
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 debtStrong
Among the 30% highest rated companies in the 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 marginStrong
Among the 30% highest 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.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
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 capitalVery weak
Among the 10% 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 debtStrong
Among the 40% 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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
- Annual report 2025Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
OV Chief Executive Officer | Chief Executive Officer | 2019 |
Former (21)
JI Management | Management | 1985 – 1996 |
AB Audit | Audit | 1985 – 1992 |
PJ Management | Management | 1985 – 2001 |
JD Management | Management | 2002 – 2003 |
TS Chief Executive Officer | Chief Executive Officer | 1998 – 2002 |
ST Management | Management | 2017 – 2019 |
HT Chief Executive Officer | Chief Executive Officer | 2005 – 2010 |
KL Management | Management | 2012 – 2014 |
BH Deputy | Deputy | 2002 – 2002 |
CC Management | Management | 2016 – 2017 |
OF Management | Management | 1985 – 1994 |
CH Management | Management | 1985 – 2001 |
MV Management | Management | 2010 – 2011 |
AH Management | Management | 2002 – 2004 |
PH Management | Management | 2002 – 2005 |
ND Deputy | Deputy | 1997 – 2001 |
TB Management | Management | 2003 – 2004 |
MS Deputy | Deputy | 2001 – 2005 |
EC Deputy | Deputy | 2001 – 2004 |
HV Management | Management | 2000 – 2002 |
FH Management | Management | 2012 – 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|
Former (52)
OH Chairman | Chairman | 2007 – 2010 |
JI Board of Directors | Board of Directors | 1985 – 2001 |
PJ Board of Directors | Board of Directors | 1985 – 2001 |
PC Board of Directors | Board of Directors | 2010 – 2010 |
EO Board of Directors | Board of Directors | 2001 – 2005 |
ST Board of Directors | Board of Directors | 2017 – 2019 |
HT Board of Directors | Board of Directors | 2007 – 2007 |
SA Board of Directors | Board of Directors | 2016 – 2019 |
LL Board of Directors | Board of Directors | 1985 – 1991 |
HL Board of Directors | Board of Directors | 2001 – 2001 |
CA Board of Directors | Board of Directors | 2001 – 2004 |
JL Board of Directors | Board of Directors | 2004 – 2005 |
AK Board of Directors | Board of Directors | 2006 – 2007 |
BH Board of Directors | Board of Directors | 2002 – 2005 |
SH Chairman | Chairman | 2013 – 2014 |
CN Board of Directors | Board of Directors | 1985 – 1996 |
NE Board of Directors | Board of Directors | 2001 – 2004 |
CC Board of Directors | Board of Directors | 2016 – 2017 |
CH Board of Directors | Board of Directors | 2003 – 2004 |
TB Board of Directors | Board of Directors | 2001 – 2002 |
BJ Board of Directors | Board of Directors | 2010 – 2010 |
KB Board of Directors | Board of Directors | 2006 – 2007 |
EL Chairman | Chairman | 2004 – 2005 |
GB Board of Directors | Board of Directors | 1997 – 2005 |
HK Board of Directors | Board of Directors | 1985 – 1991 |
LV Board of Directors | Board of Directors | 2014 – 2016 |
FH Chairman | Chairman | 1985 – 2001 |
VV Board of Directors | Board of Directors | 2001 – 2004 |
PH Board of Directors | Board of Directors | 2007 – 2010 |
NC Board of Directors | Board of Directors | 1996 – 2001 |
ML Board of Directors | Board of Directors | 1985 – 1992 |
AM Board of Directors | Board of Directors | 1985 – 1991 |
AC Board of Directors | Board of Directors | 1997 – 2001 |
OV Chairman | Chairman | 2014 – 2019 |
HH Board of Directors | Board of Directors | 1997 – 2002 |
HD Board of Directors | Board of Directors | 2010 – 2011 |
AH Board of Directors | Board of Directors | 2002 – 2002 |
JJ Chairman | Chairman | 2006 – 2007 |
FS Chairman | Chairman | 2001 – 2004 |
OS Board of Directors | Board of Directors | 1985 – 1996 |
AM Board of Directors | Board of Directors | 1985 – 1996 |
JH Board of Directors | Board of Directors | 2004 – 2005 |
IF Board of Directors | Board of Directors | 2011 – 2013 |
JD Board of Directors | Board of Directors | 1985 – 1997 |
JR Chairman | Chairman | 2005 – 2006 |
HN Board of Directors | Board of Directors | 2005 – 2006 |
MG Board of Directors | Board of Directors | 2007 – 2010 |
JM Board of Directors | Board of Directors | 2013 – 2013 |
FH Board of Directors | Board of Directors | 2010 – 2016 |
BB Board of Directors | Board of Directors | 2007 – 2007 |
EM Board of Directors | Board of Directors | 1985 – 1991 |
JH Board of Directors | Board of Directors | 1997 – 2001 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 | |
| Individual | 100% | 100% | 2016 | |
| Individual | 100% | 100% | 2017 | |
| Individual | 100% | 100% | 2019 | |
| Company | 100% | 100% | 2010 | |
| Company | 100% | 100% | 2024 |
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
VFH ApS
IPAS ApS Board network connections
Board members of IPAS ApS also hold positions in 355 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Bjarke Jaster Frederiksen | Board of Directors | 42 companiesMany roles |
| Fritz Henrik Schur | Chairman | 33 companiesMany roles |
| John Helmsøe-Zinck | Board of Directors | 31 companiesMany roles |
| Kim Lang Sørensen | Management | 30 companiesMany roles |
| Morten Ludvig Wagner | Board of Directors | 27 companiesMany roles |
| Jan Mølhave Pedersen | Board of Directors | 26 companiesMany roles |
| Mette Vagner Johannesen | Management | 18 companiesMany roles |
| Jørgen Lægaard | Board of Directors | 18 companiesMany roles |
| Niels Erik Nielsen | Board of Directors | 14 companiesMany roles |
| Ib Fløe Bundgaard | Board of Directors | 12 companiesMany roles |
| Torben Sørensen | Chief Executive Officer | 11 companiesMany roles |
| Peter Christian Møgelberg Hansen | Board of Directors | 11 companiesMany roles |
| Eskild Lyngholm | Chairman | 11 companiesMany roles |
| Henning Vestergaard | Management | 9 companiesMany roles |
| Thomas Broe-Andersen | Management | 8 companiesMany roles |
| Christen Højgaard Nielsen | Management | 6 companiesMany roles |
| Anders Holdt Høiris-Andersen | Management | 6 companiesMany roles |
| Morten Groot | Board of Directors | 6 companiesMany roles |
| Preben Jacobsen | Management | 5 companies |
| Ole Hilbert | Chairman | 5 companies |
| Ole Vagner | Chief Executive Officer | 4 companies |
| Steen Hundevad Knudsen | Chairman | 4 companies |
| Hannibal David André Wedel Fléron | Board of Directors | 4 companies |
| Lotte Lindgren | Board of Directors | 3 companies |
| Anders Kaysen | Board of Directors | 3 companies |
| Poul Henning Pedersen | Management | 2 companies |
| Frederik Hedegård Knudsen | Management | 1 company |
| Evald Otto Egede Kristensen | Board of Directors | 1 company |
| Annette Mortensen | Board of Directors | 1 company |
| Ove Søvsø Nielsen | Board of Directors | 1 company |
| Jan Rosencrone von Benzon | Chairman | 1 company |
| John Hansen | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of IPAS ApS?
IPAS ApS is registered with CVR / Virk under CVR 78787511.
How many employees does IPAS ApS have?
IPAS ApS employs 1 people as of the latest annual report.
Who is the CEO of IPAS ApS?
Ole Vagner is the CEO of IPAS ApS, in role since 2019.
Where is IPAS ApS headquartered?
IPAS ApS's registered address is Farvervej 65.