Bindeballe Holding A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Bindeballe Holding A/S
Bindeballe Holding A/S (CVR number: 10831598K) is a company from KOLDING. The company reported a net sales of 447.4 mDKK in 2024, demonstrating a decline of -15.2 % compared to the previous year. The operating profit percentage was at 5.8 % (EBIT: 25.8 mDKK), while net earnings were 19.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.3 %, which can be considered decent but Return on Equity (ROE) was 10.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 78.6 %, 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. Bindeballe Holding A/S's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 275.99 | 223.66 | 489.30 | 527.34 | 447.36 |
Gross profit | 37.92 | 39.94 | 109.66 | 109.64 | 77.01 |
EBIT | 1.64 | 12.73 | 76.07 | 63.70 | 25.79 |
Net earnings | 2.50 | 3.50 | 60.96 | 50.88 | 19.14 |
Shareholders equity total | 251.46 | 297.19 | 338.18 | 329.74 | 297.36 |
Balance sheet total (assets) | 318.56 | 372.33 | 453.40 | 399.76 | 379.25 |
Net debt | -37.62 | -8.66 | |||
Profitability | |||||
EBIT-% | 0.6 % | 5.7 % | 15.5 % | 12.1 % | 5.8 % |
ROA | 0.5 % | 3.7 % | 18.4 % | 16.3 % | 7.3 % |
ROE | 1.1 % | 1.3 % | 19.2 % | 19.2 % | 10.3 % |
ROI | 0.5 % | 3.7 % | 18.4 % | 17.1 % | 8.3 % |
Economic value added (EVA) | -13.32 | 0.10 | 61.14 | 32.65 | 4.85 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 98.4 % | 82.7 % | 78.6 % |
Gearing | 7.0 % | 7.8 % | |||
Relative net indebtedness % | 0.4 % | 9.7 % | |||
Liquidity | |||||
Quick ratio | 3.4 | 1.1 | |||
Current ratio | 7.6 | 3.6 | |||
Cash and cash equivalents | 60.59 | 31.97 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 25.0 | 31.0 | |||
Net working capital % | 35.1 % | 34.3 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | A | AAA | AAA |
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