HOFFCO ApS — Credit Rating and Financial Key Figures

CVR number: 31873673
Skanderborgvej 150, Haldum 8382 Hinnerup
lars@hoffco.dk
tel: 26705515

Credit rating

Company information

Official name
HOFFCO ApS
Personnel
1 person
Established
2008
Domicile
Haldum
Company form
Private limited company
Industry
  • Expand more icon69Legal and accounting activities

About HOFFCO ApS

HOFFCO ApS (CVR number: 31873673) is a company from FAVRSKOV. The company recorded a gross profit of 289.9 kDKK in 2023. The operating profit was -151.8 kDKK, while net earnings were -313.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -17.7 %, which can be considered poor and Return on Equity (ROE) was -19.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 67.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. HOFFCO ApS's liquidity measured by quick ratio was 2.8 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit510.8987.59395.30306.86289.88
EBIT64.89- 431.05- 284.34- 308.61- 151.79
Net earnings58.94647.59468.20- 258.57- 313.87
Shareholders equity total901.101 548.682 016.891 758.321 444.45
Balance sheet total (assets)1 698.352 646.243 650.543 241.492 137.71
Net debt-86.66- 820.75-1 099.47- 967.28- 641.43
Profitability
EBIT-%
ROA6.2 %33.1 %19.1 %-6.0 %-17.7 %
ROE6.8 %52.9 %26.3 %-13.7 %-19.6 %
ROI6.5 %35.3 %20.2 %-6.1 %-17.9 %
Economic value added (EVA)57.64- 403.27- 221.45- 284.40- 135.87
Solvency
Equity ratio53.1 %58.5 %55.2 %54.2 %67.6 %
Gearing78.0 %59.1 %73.4 %83.5 %45.9 %
Relative net indebtedness %
Liquidity
Quick ratio1.72.22.42.12.8
Current ratio1.72.22.42.12.8
Cash and cash equivalents789.951 735.392 580.522 435.311 304.96
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAABBBBBB

Variable visualization

ROA:-17.7%
Rating: 2/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:67.6%
Rating: 51/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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