MORTEN THERBO HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 32453120
Gersagervej 5, 2670 Greve
Free credit report Annual report

Credit rating

Company information

Official name
MORTEN THERBO HOLDING ApS
Established
2009
Company form
Private limited company
Industry

About MORTEN THERBO HOLDING ApS

MORTEN THERBO HOLDING ApS (CVR number: 32453120) is a company from GREVE. The company recorded a gross profit of -3.9 kDKK in 2025. The operating profit was -3.9 kDKK, while net earnings were 1115.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 31.3 %, which can be considered excellent and Return on Equity (ROE) was 38.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 80 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MORTEN THERBO HOLDING ApS's liquidity measured by quick ratio was 1.8 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2021
2022
2023
2024
2025
Volume
Net sales
Gross profit- 639.40- 248.10-3.52129.60-3.91
EBIT- 658.39- 267.10-22.52107.01-3.91
Net earnings- 354.52574.07615.00843.891 115.85
Shareholders equity total522.651 040.221 598.032 383.023 437.87
Balance sheet total (assets)573.011 270.172 094.952 998.504 295.42
Net debt-82.61-6.56- 335.33- 137.98-54.36
Profitability
EBIT-%
ROA-57.5 %52.9 %35.3 %34.3 %31.3 %
ROE-48.7 %73.5 %46.6 %42.4 %38.3 %
ROI-59.6 %54.4 %41.4 %43.8 %39.2 %
Economic value added (EVA)- 608.22- 203.12-68.2626.72- 123.25
Solvency
Equity ratio91.2 %81.9 %76.3 %79.5 %80.0 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio4.5399.43.22.01.8
Current ratio4.5399.46.47.98.5
Cash and cash equivalents82.616.56335.33137.9854.36
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:31.3%
Rating: 84/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:80.0%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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