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The Thermal ApS
APS
Active
CVR 41702672
Store Strandstræde 21, st.
Restaurant activities · NACE 5611
Est. 2020
— employees
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Overview
Financials
People & ownership
Related companies
Revenue 2025
DKK 21K
-98% vs 2024
EBITDA margin
100.0%
-97% vs 2024
Equity ratio
22.7%
Financial strength
Net profit 2025
DKK -140K
-139% vs 2024
EBITDA — year on year
DKK millions
1M
1M
0M
-1M
-1M
-1M
2021
0M
+100%
2022
0M
0%
2023
1M
+100%
2024
0M
-100%
2025
Key figures
Annual report 2025
Revenue
DKK 21K
-98%
EBITDA
DKK 21K
-97%
Net profit
DKK -140K
-139%
Total assets
DKK 1,8M
-29%
Equity
DKK 410K
-25%
Employees
—
—
Company information
Legal name
The Thermal ApS
CVR number
41702672
Legal form
Anpartsselskab
NACE code
5611 · Restaurant activities
Founded
22. september 2020
Share capital
DKK 40.000
Employees
—
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af 1 direktør.
Company purpose
Selskabets formål er at drive virksomhed med restauration og café samt hermed beslægtet virksomhed efter direktionens skøn.
Contact
Address
Store Strandstræde 21, st.
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Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
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Explore
Companies in Restaurant activities
Companies in København
All Denmark companies
Revenue
DKK millions
0M
0M
1M
1M
1M
-1M
2021
0M
2022
0M
2023
1M
2024
0M
2025
EBITDA
DKK millions
0M
0M
1M
1M
1M
-1M
2021
0M
2022
0M
2023
1M
2024
0M
2025
Income statement
DKK thousands
Item
2021
2022
2023
2024
2025
Revenue
-696
132
471
831
21
Staff expenses
-0
-0
-0
-0
-0
EBITDA
-696
132
471
827
21
Depreciation & amort.
-308
-263
-305
-323
-175
EBIT
-1.004
-131
166
505
-155
Net financials
-43
-43
-34
-41
-25
Profit before tax
-1.048
-175
132
464
-180
Tax
-230
-38
29
102
-40
Net profit
-818
-136
103
362
-140
Balance sheet
DKK thousands
Item
2021
2022
2023
2024
2025
Total assets
1.703
1.965
1.946
2.554
1.804
Equity
-778
86
189
550
410
Long-term debt
0
0
0
0
0
Short-term debt
2.481
1.879
1.757
2.004
1.394
Total debt
2.481
1.879
1.757
2.004
1.394
Financial ratios
5-year trend
EBITDA margin
100.0%
This company
15.8%
Market median
+533% vs market
2021
2025
Equity ratio
22.7%
This company
38.2%
Market median
-41% vs market
2021
2025
Return on equity
-34.2%
This company
18.4%
Market median
-286% vs market
2021
2025
Net profit margin
-675.0%
This company
8.1%
Market median
-8433% vs market
2021
2025
Asset turnover
0.01×
This company
1.12×
Market median
-99% vs market
2021
2025
Debt / equity
3.40×
This company
0.62×
Market median
-448% 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 2020-09-22 – 2021-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
PK
Paul Karkov Muldowney
Management
Management
2020
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
THE LIQUID ApS
Company
100%
100%
2020
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
THE LIQUID ApS
The Thermal ApS
(this company)
Board network connections
Board members of The Thermal ApS also hold positions in
0
other companies.
Person
Role here
Other companies
Paul Karkov Muldowney
Management
0 companies