Mate Development ApS
APSDissolvedAdvertising protectionCVR 39150980Vejlsøvej 51, 8600 SilkeborgWholesale of information and communication equipment· NACE 4650Est. 2017 · 8 years old— employees
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Overview
Mate Development ApS is a Danish APS based in Silkeborg, operating in the Wholesale of information and communication equipment sector. Incorporated in 2017, the company reported a gross profit of -DKK 12.1k in its latest annual filing.
Gross profit 2023
-12.1K DKK
+9% vs 2022
EBITDA margin (of gross profit)
100.0 %
−9% vs 2022
Net profit 2023
-14.4K DKK
-29% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-54.3 %
Very weakAmong the 20% lowest rated companies in the industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
0.4×
Very weakAmong the 20% lowest rated companies in the industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
-8.3 %
WeakAmong the 30% lowest rated companies in the industry
20192023
EBITDA — year on year
DKK thousandsKey figures
Annual report 2023| Gross profit | -12.1K DKK | +9% |
| EBITDA | -12.1K DKK | -9% |
| Net profit | -14.4K DKK | -29% |
| Total assets | 172.6K DKK | +44% |
| Equity | -93.7K DKK | -18% |
| Employees | — | — |
Company information
Legal name
Mate Development ApS
CVR number
39150980
Legal form
Anpartsselskab
NACE code
Founded
7 December 2017 · 8 years
Share capital
DKK 50,000
Employees
—
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør.
Contact
Address
Vejlsøvej 51, 8600 Silkeborg
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2023), Mate Development ApS reported a gross profit of -DKK 12.1k. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net loss of DKK 14.4k.
At the end of 2023, current assets covered short-term debt 0.4 times.
Financials
Gross profit
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Gross profit | -12 | -11 | -11 | -30 | 5 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | -12 | -11 | -11 | -30 | 5 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -12 | -11 | -11 | -30 | 5 |
| Net financials | -6 | -3 | -1 | 0 | -1 |
| Profit before tax | -18 | -14 | -12 | -30 | 4 |
| Tax | -4 | -3 | -3 | 10 | -17 |
| Net profit | -14 | -11 | -9 | -40 | 21 |
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Balance sheet
DKK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 173 | 120 | 92 | 13 | 577 |
| Equity | -94 | -79 | -68 | -59 | -18 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 266 | 199 | 160 | 72 | 595 |
| Total debt | 266 | 199 | 160 | 72 | 595 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
<−999 %
20192023
Equity ratio
-54.3 %
Very weakAmong the 20% lowest rated companies in the industry
20192023
Return on equity
—
20192023
Net profit margin (of gross profit)
<−999 %
20192023
Asset turnover (of gross profit)
-0.07×
20192023
Debt / equity
—
20192023
Sector performance
15 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on assets (ROA)Weak
Among the 30% 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)Weak
Among the 30% 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 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 ratioWeak
Among the 30% 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 debtWeak
Among the 30% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 30% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 30% 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 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
- Annual report 2020Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (2)
JF Management | Management | 2017 – 2021 |
LT Chief Executive Officer | Chief Executive Officer | 2021 – 2025 |
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2017 |
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
Mate Group A/S
Mate Development ApS Board network connections
Board members of Mate Development ApS also hold positions in 31 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jacob Fisker | Management | 22 companiesMany roles |
| Lars Thygesen | Chief Executive Officer | 9 companiesMany roles |
Frequently asked questions
What is the CVR number of Mate Development ApS?
Mate Development ApS is registered with CVR / Virk under CVR 39150980.
What is the gross profit of Mate Development ApS?
Mate Development ApS reported a gross profit of -DKK 12.1k in 2023.
Where is Mate Development ApS headquartered?
Mate Development ApS's registered address is Vejlsøvej 51.