DANISH AEROSPACE COMPANY A/S - CVR: 12424248

2023, DKK

19.04.2024

Bruttoresultat

20.649'

Primær drift

4.042'

Årets resultat

2.020'

Aktiver

34.242'

Kortfristede aktiver

29.397'

Egenkapital

12.052'

Afkastningsgrad

12 %

Soliditetsgrad

35 %

Likviditetsgrad

157 %

Resultat

19.04.2024

Årsrapport	2023 19.04.2024	2022 25.04.2023	2021 28.04.2022	2020 20.04.2021	2019 24.04.2020	2018 19.03.2019	2017 04.03.2018	2016 29.03.2017	2015 21.06.2016
Nettoomsætning	29.715.122	23.234.026	20.353.842	22.071.844	21.939.079
Bruttoresultat	20.648.780	18.097.789	15.637.947	16.891.249	16.592.934	0	0	0	0
Resultat af primær drift	4.042.118	2.589.875	1.101.247	1.538.214	2.769.046	4.190.004	1.601.570	2.626.778	4.248.576
Indtægter af kapitalandele (tilknyttede og associerede)	0	0	0	0	0	0	0	0	0
Finansielle indtægter	0	702.589	243.986	163.573	148.001	41.864	68.058	0	41.130
Finansieringsomkostninger	-976.014	0	0	-537.152	-32.879	-63.653	-18.289	-158.921	-22.446
Andre finansielle omkostninger	0	-46.428	-359.901	0	0	0	0	0	0
Resultat før skat	2.714.089	2.539.862	374.855	488.861	1.682.256	1.878.942	1.096.730	2.494.083	4.298.039
Resultat	2.019.741	1.864.658	175.275	233.340	1.047.345	956.389	888.083	1.950.076	3.595.239
Forslag til udbytte	0	0	0	0	0	0	0	0	-3.000.000

Aktiver

19.04.2024

Årsrapport	2023 19.04.2024	2022 25.04.2023	2021 28.04.2022	2020 20.04.2021	2019 24.04.2020	2018 19.03.2019	2017 04.03.2018	2016 29.03.2017	2015 21.06.2016
Kortfristede varebeholdninger	0	4.538.684	193.312	806.376	0	0	0	0	0
Kortfristede tilgodehavender fra salg og tjenesteydelser	29.313.744	27.579.392	21.834.970	26.517.636	17.741.372	12.530.417	9.568.953	8.830.952	8.630.725
Likvider	83.506	106.433	2.682.873	158.064	4.328.043	244.232	429.369	1.800.882	3.594.973
Kortfristede aktiver	29.397.250	32.224.509	24.711.155	27.482.076	22.069.415	12.774.649	9.998.322	10.631.834	12.225.698
Immaterielle aktiver og goodwill	3.626.944	2.140.603	1.581.218	1.846.532	2.538.838	3.282.751	3.706.339	2.619.884	1.676.873
Finansielle anlægsaktiver	15.058	24.291	46.948	58.853	268.973	546.301	725.942	670.932	644.706
Materielle aktiver	1.203.000	1.615.523	1.830.677	2.099.172	1.518.166	1.089.750	1.248.424	1.444.958	868.154
Langfristede aktiver	4.845.002	3.780.417	3.458.843	4.004.557	4.325.977	4.918.802	5.680.705	4.735.774	3.189.733
Aktiver	34.242.252	36.004.926	28.169.998	31.486.633	26.395.392	17.693.451	15.679.027	15.367.608	15.415.431

Aktiver

19.04.2024

Passiver

19.04.2024

Årsrapport	2023 19.04.2024	2022 25.04.2023	2021 28.04.2022	2020 20.04.2021	2019 24.04.2020	2018 19.03.2019	2017 04.03.2018	2016 29.03.2017	2015 21.06.2016
Forslag til udbytte	0	0	0	0	0	0	0	0	3.000.000
Egenkapital	12.051.775	21.306.226	19.726.515	19.868.591	19.281.780	10.117.413	9.252.344	8.364.260	9.414.184
Hensatte forpligtelser	2.341.114	4.541.525	3.743.849	3.276.189	3.020.668	4.283.639	3.293.962	2.930.440	2.405.989
Langfristet gæld til banker	0	0	0	0	0	0	0	0	0
Anden langfristet gæld		0	0	1.095.102	0	0	0	0	0
Leverandører af varer og tjenesteydelser	1.715.187	1.638.688	425.248	410.037	214.103	372.947	344.008	410.205	110.772
Kortfristede forpligtelser	18.683.613	9.030.846	3.589.951	7.246.751	4.092.944	3.292.399	3.132.721	4.072.908	3.029.048
Gældsforpligtelser	19.849.363	0	4.699.634	8.341.853	4.092.944	3.292.399	3.132.721	4.072.908	3.595.258
Forpligtelser	19.849.363	0	4.699.634	8.341.853	4.092.944	3.292.399	3.132.721	4.072.908	3.595.258
Passiver	34.242.252	36.004.926	28.169.998	31.486.633	26.395.392	17.693.451	15.679.027	15.367.608	15.415.431

Passiver

19.04.2024

Nøgletal

19.04.2024

Årsrapport	2023 19.04.2024	2022 25.04.2023	2021 28.04.2022	2020 20.04.2021	2019 24.04.2020	2018 19.03.2019	2017 04.03.2018	2016 29.03.2017	2015 21.06.2016
Afkastningsgrad	11,8 %	7,2 %	3,9 %	4,9 %	10,5 %	23,7 %	10,2 %	17,1 %	27,6 %
Dækningsgrad	69,5 %	77,9 %	76,8 %	76,5 %	75,6 %	Na.	Na.	Na.	Na.
Resultatgrad	6,8 %	8,0 %	0,9 %	1,1 %	4,8 %	Na.	Na.	Na.	Na.
Varelagerets omsætningshastighed	Na.	5,1	105,3	27,4	Na.	Na.	Na.	Na.	Na.
Egenkapitals-forretning	16,8 %	8,8 %	0,9 %	1,2 %	5,4 %	9,5 %	9,6 %	23,3 %	38,2 %
Payout-ratio	Na.	Na.	Na.	Na.	Na.	Na.	Na.	Na.	83,4 %
Gældsdæknings-nøgletal	414,1 %	Na.	Na.	286,4 %	8.421,9 %	6.582,6 %	8.757,0 %	1.652,9 %	18.928,0 %
Soliditestgrad	35,2 %	59,2 %	70,0 %	63,1 %	73,0 %	57,2 %	59,0 %	54,4 %	61,1 %
Likviditetsgrad	157,3 %	356,8 %	688,3 %	379,2 %	539,2 %	388,0 %	319,2 %	261,0 %	403,6 %

Resultat

19.04.2024

Gæld

19.04.2024

Årsrapport

19.04.2024

Nyeste:01.01.2023- 31.12.2023(offentliggjort: 19.04.2024)

Information om virksomhedens regnskabsklasse:The annual report for Danish Ærospace Company A/S has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. Furthermore, the company has decided to comply with certain rules applying to reporting class C enterprises. The accounting policies are unchanged from last year, and the annual report is presented in DKK.

Oplysning om pantsætninger og sikkerhedsstillelser:17. Charges and security Credit facilities are secured by a mortgage on following assets: Corporate mortgage in the company's receivables, inventory, fixed assets, equipment and intangible fixed assets for a total of DKK 12.000k. The carrying amount of pledged assets for credit facilities amounts to DKK 33.896k.

Beretning

19.04.2024

Dato for ledelsens godkendelse af årsrapporten:2024-03-25

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:Today, the Board of Directors and the Managing Director have approved the annual report of Danish Ærospace Company A/S for the financial year 1 January - 31 December 2023.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Primary activities Danish Ærospace Company A/S (DAC) develops innovative technological solutions for human exploration in space and other extreme environments. The activities include design, development and manufacturing of medical monitoring and exercise equipment, as well as support activities in connection with preparations for and implementation of human space flight. Key points from the 2023 Annual Report - Revenue amounted to DKK 29,7 million. (DKK 24,5 million in 2022) - Operating profit (EBITDA) amounted to DKK 4,80 million. (DKK 0,52 million in 2022) - DAC successfully completed three technology demonstrations on the International Space Station (ISS) during Andreas Mogensen’s six-month Huginn Mission. - DAC’s modified Virtual Reality (VR) experiment “VR for Exercise” was used over 30 times by five different ISS astronauts. The VR headset – used together with DAC’s FERGO exercise ergometer to simulate a terrestrial cycling experience – demonstrated the potential to enhance significantly the exercise experience of astronauts on orbit. - DAC’s FERGO ergometer, which NASA purchased, launched, installed on the ISS, has been approved for operational use by Space Station crew members. FERGO replaces the CEVIS ergometer that DAC has been providing to NASA since 1992. - ESA extended its contract with DAC for support of astronaut health monitoring on ISS for 2024. - Development, production, and assembly of DAC’s E4D multifunction exercise device has continued on schedule. Several E4D ergometer modules were assembled and tested. Management review Danish Ærospace Company A/S realized earnings from operations before depreciation and amortization (EBITDA), of DKK 4,80 million. The DAC earnings before tax were DKK 2,71 million in 2023. The Company’s equity amounts to DKK 12,05 million as of December 31st, 2023. DAC’s old CEVIS ergometer on the International Space Station, was replaced in the fall with the new FERGO ergometer which NASA purchased from DAC. Two FERGO units were launched during the fall, one was stored in reserve, while the other was installed and began use as a replacement for CEVIS. FERGO is now fully operational and being used on a daily basis by ISS astronauts in meeting their exercise requirements. The two now-retired CEVIS ergometers were returned to Earth at the end of 2023. In connection with the Danish ESA astronaut Andreas Mogensen’s six month Huginn Mission to ISS, three of DAC’s technological experiments were chosen by the Danish Ministry of Higher Education and Science for testing onboard the ISS. These demonstrations have supported the development of new technologies for use by space agencies, commercial human spaceflight companies on orbit and in extreme environments on Earth. The first demonstration involved the on orbit testing of DAC’s wearable sensor technology called SpaceWear. Andreas Mogensen used the SpaceWear sensor package on several occasions during his Huggin ISS mission providing DAC with many hours of useful data. The second demonstration involved testing of the Aquamembrane-3 water recovery technology system developed by the Aquaporin Space Alliance, a joint venture of DAC and Aquaporin A/S. The Aquamembrane-3 system was successfully tested on orbit by Andreas Mogensen in the fall of 2023 and returned to earth in December. The results look promising and will help the Acquaporin Space Alliance to design a full wastewater cleansing system for use in space. The third “VR for Exercise” demonstration involved using DAC’s Virtual Reality system to demonstrate enhanced astronaut exercise experiences. Used together with the FERGO ergometer, Andreas Mogensen quickly demonstrated the potential of the VR system which, though it was planned as a demonstration. The DAC VR system has now also been used by four other ISS astronauts during their FERGO exercise sessions. Because of these experiences ESA contracted with DAC to use the VR system in connection with an in orbit training program that ESA is pursuing. Development and manufacturing of the multifunctional E4D multifunctional exercise device for ESA and a similar exercise device for Axiom Space Inc. is continuing as planned. Several ergometer modules for these exercise devices have been assembled and tested. Meanwhile, large amounts of mechanical parts have been manufactured, and many printed circuit boards were soldered. The assembly of the first complete E4D engineering model commenced at the end of the year in anticipation of its completion and preliminary testing by ESA and NASA in February 2024. DAC’s contract with ESA involving the health monitoring of astronauts on the International Space Station was extended for 2024. Under this contract, which DAC has held since 2006, DAC supports health monitoring and exercise testing with DAC hardware on the ISS from DAC’s control center in Odense, Denmark. DAC passed this year’s annual supervisory audit for the 7th year in a row, which is a check of the company’s (AS/EN9100 standard rev. D) quality control authorization by Bureau Veritas. DAC therefore continues to be one of few space companies in Denmark to maintain this certification. “DAC had a satisfying 2023 with earnings before tax of DKK 2,7 million although positively impacted by the adjustment of the accounting errors in previous years. The expectations for 2024 are positive and DAC will move towards the completion of two major contracts in early 2025. ”, says Thomas A. E. Andersen, CEO.