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Euro Therm 2019 A/S
A/S
Dissolved
CVR 35650334
Grimhøjvej 11
Manufacture of ovens, furnaces and permanent household heating equipment · NACE 2821
Est. 2014
3 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2020
DKK 8M
+190% vs 2019
EBITDA margin
50.8%
+269% vs 2019
Equity ratio
24.6%
Financial strength
Net profit 2020
DKK 2,5M
+385% vs 2019
EBITDA — year on year
DKK millions
5M
4M
3M
1M
0M
0M
2016
0M
0%
2017
0M
0%
2018
1M
+100%
2019
4M
+300%
2020
Key figures
Annual report 2020
Revenue
DKK 8M
+190%
EBITDA
DKK 4,1M
+269%
Net profit
DKK 2,5M
+385%
Total assets
DKK 18,7M
+205%
Equity
DKK 4,6M
+121%
Employees
3
—
Company information
Legal name
Euro Therm 2019 A/S
CVR number
35650334
Legal form
Aktieselskab
NACE code
2821 · Manufacture of ovens, furnaces and permanent household heating equipment
Founded
28. januar 2014
Share capital
DKK 1.000.000
Employees
3 (FTE)
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør eller af den samlede bestyrelse.
Contact
Address
Grimhøjvej 11
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Companies in Manufacture of ovens, furnaces and permanent household heating equipment
Companies in Aarhus
All Denmark companies
Revenue
DKK millions
0M
2M
5M
7M
9M
0M
2016
0M
2017
0M
2018
3M
2019
8M
2020
EBITDA
DKK millions
0M
1M
2M
3M
5M
0M
2016
0M
2017
0M
2018
1M
2019
4M
2020
Income statement
DKK thousands
Item
2016
2017
2018
2019
2020
Revenue
-3
-4
-8
2.764
8.021
Staff expenses
-0
-0
-0
-1.660
-3.950
EBITDA
-3
-4
-8
1.103
4.071
Depreciation & amort.
-0
-0
-0
-418
-842
EBIT
-3
-4
-8
686
3.229
Net financials
0
-0
0
-20
8
Profit before tax
-3
-4
-8
666
3.237
Tax
-0
-0
-1
145
712
Net profit
-3
-4
-6
521
2.525
Balance sheet
DKK thousands
Item
2016
2017
2018
2019
2020
Total assets
21.572
21.568
1.566
6.145
18.716
Equity
21.572
21.568
1.562
2.083
4.608
Long-term debt
0
0
0
96
361
Short-term debt
0
0
4
3.922
13.748
Total debt
0
0
4
4.018
14.108
Financial ratios
5-year trend
EBITDA margin
50.8%
This company
15.8%
Market median
+222% vs market
2016
2020
Equity ratio
24.6%
This company
38.2%
Market median
-36% vs market
2016
2020
Return on equity
54.8%
This company
18.4%
Market median
+198% vs market
2016
2020
Net profit margin
31.5%
This company
8.1%
Market median
+289% vs market
2016
2020
Asset turnover
0.43×
This company
1.12×
Market median
-62% vs market
2016
2020
Debt / equity
3.06×
This company
0.62×
Market median
-394% vs market
2016
2020
Annual reports & filings
Annual report 2020
Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
View
PDF
Annual report 2019
Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
View
PDF
Annual report 2018
Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
View
PDF
Annual report 2017
Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
View
PDF
Annual report 2016
Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Former (2)
CJ
Claus Justsen
Management
Management
2020 – 2022
TM
Tom Mousten Bak
Management
Management
2019 – 2020
Board of directors
Non-executive oversight
Name
Role
Member since
Former (4)
LJ
Lars Justsen
Board of Directors
2014 – 2020
LH
Leif Højvang Larsen
Chairman
2020 – 2022
HL
Henning Lysgaard
Board of Directors
2020 – 2022
IB
Inge Birgitte Thingskov Lunding
Board of Directors
2014 – 2019
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
JUSTSEN ENERGITEKNIK A/S
Company
100%
100%
2019
JUSTENBORG A/S
Company
100%
100%
2014
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of Euro Therm 2019 A/S also hold positions in
0
other companies.
Person
Role here
Other companies
Claus Justsen
Management
0 companies
Tom Mousten Bak
Management
0 companies
Lars Justsen
Board of Directors
0 companies
Leif Højvang Larsen
Chairman
0 companies
Henning Lysgaard
Board of Directors
0 companies
Inge Birgitte Thingskov Lunding
Board of Directors
0 companies