MANUAL ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MANUAL ApS
MANUAL ApS (CVR number: 21199192) is a company from AARHUS. The company recorded a gross profit of 518.4 kDKK in 2025. The operating profit was -40.8 kDKK, while net earnings were -34.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -13.2 %, which can be considered poor and Return on Equity (ROE) was -18.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74.2 %, 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. MANUAL ApS's liquidity measured by quick ratio was 3.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 731.48 | 711.47 | 471.74 | 619.06 | 518.36 |
| EBIT | 355.00 | 28.30 | -22.60 | 11.47 | -40.82 |
| Net earnings | 349.29 | 32.38 | -15.46 | 20.29 | -34.47 |
| Shareholders equity total | 162.59 | 194.97 | 179.52 | 199.81 | 165.34 |
| Balance sheet total (assets) | 342.24 | 269.63 | 326.72 | 295.64 | 222.79 |
| Net debt | - 168.09 | -45.46 | 29.25 | -27.12 | -29.64 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 90.6 % | 10.9 % | -5.0 % | 6.6 % | -13.2 % |
| ROE | 167.5 % | 18.1 % | -8.3 % | 10.7 % | -18.9 % |
| ROI | 149.7 % | 18.6 % | -7.4 % | 10.0 % | -18.7 % |
| Economic value added (EVA) | 348.72 | 20.12 | -32.39 | 0.98 | -50.86 |
| Solvency | |||||
| Equity ratio | 47.5 % | 72.6 % | 54.9 % | 67.6 % | 74.2 % |
| Gearing | 16.3 % | ||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.9 | 3.7 | 2.2 | 3.1 | 3.9 |
| Current ratio | 1.9 | 3.6 | 2.2 | 3.1 | 3.9 |
| Cash and cash equivalents | 168.09 | 45.46 | 27.12 | 29.64 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BBB | BBB | BB | BB |
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