TIMCO EJENDOMME ApS

CVR number: 35639640
Kærvej 98, 6400 Sønderborg

Credit rating

Company information

Official name
TIMCO EJENDOMME ApS
Established
2014
Company form
Private limited company
Industry
  • Expand more icon68Real estate activities

About the company

TIMCO EJENDOMME ApS (CVR number: 35639640) is a company from SØNDERBORG. The company recorded a gross profit of 139.5 kDKK in 2023. The operating profit was 67.8 kDKK, while net earnings were 32.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4 %, which can be considered weak but Return on Equity (ROE) was 9.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 19.4 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. TIMCO EJENDOMME ApS's liquidity measured by quick ratio was 0.2 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit166.07117.97155.60191.75139.46
EBIT101.8552.7290.35126.5167.83
Net earnings67.3430.0260.3291.4432.43
Shareholders equity total242.52272.53332.85374.29331.72
Balance sheet total (assets)1 795.361 782.001 711.131 699.381 713.32
Net debt1 439.231 369.931 244.361 203.861 172.27
Profitability
EBIT-%
ROA5.7 %2.9 %5.2 %7.4 %4.0 %
ROE32.2 %11.7 %19.9 %25.9 %9.2 %
ROI5.9 %3.0 %5.3 %7.6 %4.1 %
Economic value added (EVA)28.93-8.5323.4051.844.47
Solvency
Equity ratio13.5 %15.3 %19.5 %22.0 %19.4 %
Gearing612.9 %534.6 %391.1 %340.6 %400.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.10.10.10.2
Current ratio0.10.10.10.10.2
Cash and cash equivalents47.2587.1357.5171.17156.74
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:3.99%
Rating: 40/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:19.4%
Rating: 19/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

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