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MIDTJYDSK FORNIKLING OG FORCHROMNING A/S — Credit Rating and Financial Key Figures

CVR number: 75867018
Hvidelvej 7, 7400 Herning
bm@mff.dk
tel: 96266412
Free credit report Annual report

Company information

Official name
MIDTJYDSK FORNIKLING OG FORCHROMNING A/S
Personnel
97 persons
Established
1984
Company form
Limited company
Industry

About MIDTJYDSK FORNIKLING OG FORCHROMNING A/S

MIDTJYDSK FORNIKLING OG FORCHROMNING A/S (CVR number: 75867018) is a company from HERNING. The company recorded a gross profit of 28.7 mDKK in 2024. The operating profit was 10.2 mDKK, while net earnings were 6317 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12.7 %, which can be considered good but Return on Equity (ROE) was 24.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. MIDTJYDSK FORNIKLING OG FORCHROMNING A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit22 325.0027 506.0024 057.0023 322.2728 698.82
EBIT5 978.009 735.005 129.005 634.8810 201.61
Net earnings2 757.006 328.002 741.002 997.946 317.04
Shareholders equity total15 685.0017 811.0020 552.0023 250.2428 567.28
Balance sheet total (assets)73 299.0074 441.0070 516.0075 414.6787 146.98
Net debt25 026.4220 020.01
Profitability
EBIT-%
ROA7.8 %13.2 %7.1 %7.8 %12.7 %
ROE18.4 %37.8 %14.3 %13.7 %24.4 %
ROI7.8 %13.2 %7.1 %8.6 %15.5 %
Economic value added (EVA)5 258.028 946.834 234.003 311.705 021.28
Solvency
Equity ratio100.0 %100.0 %100.0 %37.9 %37.1 %
Gearing134.8 %100.6 %
Relative net indebtedness %
Liquidity
Quick ratio1.01.0
Current ratio1.21.2
Cash and cash equivalents6 319.088 715.05
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBA

Variable visualization

ROA:12.7%
Rating: 63/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:37.1%
Rating: 31/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Board member

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