Norcino ApS

APSBankruptAdvertising protection

CVR 36903171Linnésgade 17, 1361 København KRestauranter· NACE 561010Est. 2015 · 11 years old0 employees

Overview

Norcino ApS is a Danish APS based in København K, operating in the Restauranter sector. Incorporated in 2015, the company has 0 employees and reported a gross profit of DKK 1.1m in its latest annual filing.

Gross profit 2017

1.1M DKK

+5% vs 2016

EBITDA margin (of gross profit)

−33.2 %

−230% vs 2016

Net profit 2017

-0.4M DKK

-146% vs 2016

Key ratios

See full ratios →

-109.8 %

Very weak

Among the 20% lowest rated companies in the industry

20162017

0.3×

Very weak

Among the 20% lowest rated companies in the industry

20162017

-85.2 %

Very weak

Among the 10% lowest rated companies in the industry

20162017

EBITDA — year on year

DKK thousands

Key figures

Annual report 2017

Gross profit	1.1M DKK	+5%
EBITDA	-0.4M DKK	-230%
Net profit	-0.4M DKK	-146%
Total assets	0.5M DKK	-8%
Equity	-0.5M DKK	-346%
Employees	0	—

Contact

Address

Linnésgade 17, 1361 København K

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Financial development

In its most recent annual report (2017), Norcino ApS reported a gross profit of DKK 1.1m, an increase of 5% on the year before. The figures on this page draw on 2 annual filings covering 2016 to 2017. The bottom line showed a net loss of DKK 426.7k, and the EBITDA margin stood at -33.2%.

At the end of 2017, current assets covered short-term debt 0.3 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2017	2016
Gross profit	1,069	1,019
Staff expenses	-1,424	-1,127
EBITDA	-355	-108
Depreciation & amort.	-58	-53
EBIT	-413	-161
Net financials	-14	-12
Profit before tax	-427	-173
Tax	-0	-0
Net profit	-427	-173

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Balance sheet

DKK thousands

Item	2017	2016
Total assets	501	543
Equity	-550	-123
Long-term debt	0	0
Short-term debt	1,051	667
Total debt	1,051	667

Financial ratios

5-year trend

EBITDA margin (of gross profit)

-33.2 %

20162017

Equity ratio

-109.8 %

Very weak

Among the 20% lowest rated companies in the industry

20162017

Return on equity

—

20162017

Net profit margin (of gross profit)

-39.9 %

20162017

Asset turnover (of gross profit)

2.13×

20162017

Debt / equity

—

20162017

Sector performance

16 of 28 ratios graded

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

Profitability

Return on assets (ROA)Very weak

Among the 10% lowest 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 10% 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 ratioVery weak

Among the 20% 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.

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.

Liquidity

Current ratioVery weak

Among the 20% lowest 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 weak

Among the 10% lowest 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 ratioWeak

Among the 30% lowest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Cash conversion ratioWeak

Among the 30% 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.

Fixed assets to long-term capitalNot rated

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

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.

Debt & solvency

Solidity ratioVery weak

Among the 20% 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 20% 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 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 debtVery weak

Among the 20% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery weak

Among the 20% lowest rated companies in the 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 marginVery weak

Among the 10% 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.

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

Equity to contributed capitalVery weak

Among the 20% 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 debtVery weak

Among the 20% lowest 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.

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 2017
Filed via CVR / Virk · Period 2016-07-01 – 2017-06-30
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2015-05-22 – 2016-06-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (4)


RS Rami Shelbaya Chief Executive Officer	Chief Executive Officer	2015 – 2016
JB Josefine Buch Chief Executive Officer	Chief Executive Officer	2016 – 2018
MS Michel Santos da Silva Milleri Management	Management	2015 – 2019
AK Andreas Kærsgaard Mylin Liquidator	Liquidator	2019 – 2019

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Rami Shelbaya	Individual	33.33–49.99%	33.33–49.99%	2015
Josefine Buch	Individual	50–66.65%	50–66.65%	2016
Michel Santos da Silva Milleri	Individual	100%	100%	2016

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Norcino ApS also hold positions in 52 other companies.

Person	Role here	Other companies
Andreas Kærsgaard Mylin	Liquidator	50 companiesMany roles
Rami Shelbaya	Chief Executive Officer	1 company
Josefine Buch	Chief Executive Officer	1 company

Frequently asked questions

What is the CVR number of Norcino ApS?

Norcino ApS is registered with CVR / Virk under CVR 36903171.

What is the gross profit of Norcino ApS?

Norcino ApS reported a gross profit of DKK 1.1m in 2017.

Where is Norcino ApS headquartered?

Norcino ApS's registered address is Linnésgade 17.