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SH Development ApS
APS
Active
CVR 39655683
Vranderupvej 127
Buying and selling of own real estate · NACE 6811
Est. 2018
— employees
sh-development.dk
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Overview
Financials
People & ownership
Related companies
Revenue 2025
DKK 1,4M
+10% vs 2024
EBITDA margin
100.0%
+10% vs 2024
Equity ratio
20.1%
Financial strength
Net profit 2025
DKK 307K
+11% vs 2024
EBITDA — year on year
DKK millions
1M
1M
1M
0M
0M
1M
2021
1M
0%
2022
1M
0%
2023
1M
0%
2024
1M
0%
2025
Key figures
Annual report 2025
Revenue
DKK 1,4M
+10%
EBITDA
DKK 1,4M
+10%
Net profit
DKK 307K
+11%
Total assets
DKK 24,8M
+0%
Equity
DKK 5M
+7%
Employees
—
—
Company information
Legal name
SH Development ApS
CVR number
39655683
Legal form
Anpartsselskab
NACE code
6811 · Buying and selling of own real estate
Founded
16. juni 2018
Share capital
DKK 62.500
Employees
—
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af alle direktørerne i forening.
Company purpose
Selskabets formål er køb, drift, herunder udlejning og salg af fast ejendom og hermed forbundne aktiviteter.
Contact
Address
Vranderupvej 127
Phone
+4528742413
Email
sb@sh-development.dk
Website
sh-development.dk
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Companies in Buying and selling of own real estate
Companies in Kolding
All Denmark companies
Revenue
DKK millions
0M
0M
1M
1M
1M
1M
2021
1M
2022
1M
2023
1M
2024
1M
2025
EBITDA
DKK millions
0M
0M
1M
1M
1M
1M
2021
1M
2022
1M
2023
1M
2024
1M
2025
Income statement
DKK thousands
Item
2021
2022
2023
2024
2025
Revenue
795
1.159
1.457
1.300
1.432
Staff expenses
-0
-0
-0
-0
-0
EBITDA
795
1.159
1.457
1.300
1.432
Depreciation & amort.
-123
-175
-200
-242
-261
EBIT
672
984
1.256
1.057
1.172
Net financials
-271
-304
-448
-642
-719
Profit before tax
401
680
808
415
452
Tax
111
186
215
138
145
Net profit
289
494
593
277
307
Balance sheet
DKK thousands
Item
2021
2022
2023
2024
2025
Total assets
19.235
20.687
22.987
24.875
24.809
Equity
3.314
3.808
4.401
4.678
4.986
Long-term debt
14.259
14.330
15.826
16.970
16.385
Short-term debt
1.662
2.542
2.752
3.217
3.427
Total debt
15.921
16.871
18.579
20.187
19.812
Financial ratios
5-year trend
EBITDA margin
100.0%
This company
15.8%
Market median
+533% vs market
2021
2025
Equity ratio
20.1%
This company
38.2%
Market median
-47% vs market
2021
2025
Return on equity
6.2%
This company
18.4%
Market median
-66% vs market
2021
2025
Net profit margin
21.5%
This company
8.1%
Market median
+165% vs market
2021
2025
Asset turnover
0.06×
This company
1.12×
Market median
-95% vs market
2021
2025
Debt / equity
3.98×
This company
0.62×
Market median
-542% vs market
2021
2025
Annual reports & filings
Annual report 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View
PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
SS
Søren Skovsgaard Bull
Chief Executive Officer
Chief Executive Officer
2018
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Hebu Holding ApS
Company
50–66.65%
50–66.65%
2022
Søren Bull Holding ApS
Company
50–66.65%
50–66.65%
2022
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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Company hierarchy
Søren Bull Holding ApS
SH Development ApS
(this company)
Board network connections
Board members of SH Development ApS also hold positions in
0
other companies.
Person
Role here
Other companies
Søren Skovsgaard Bull
Chief Executive Officer
0 companies