THORSTEN MIKKELSEN HOLDING ApS — Credit Rating and Financial Key Figures

THORSTEN MIKKELSEN HOLDING ApS (CVR number: 32560598) is a company from KERTEMINDE. The company reported a net sales of 3.8 mDKK in 2023, demonstrating a growth of 118.1 % compared to the previous year. The operating profit percentage was at 99.8 % (EBIT: 3.7 mDKK), while net earnings were 3731.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.2 %, which can be considered good and Return on Equity (ROE) was 10.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 96.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. THORSTEN MIKKELSEN HOLDING ApS's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.