Velsø El ApS — Credit Rating and Financial Key Figures

CVR number: 17879782
Fabriksvej 14, 7600 Struer
tel: 97841770

Company information

Official name
Velsø El ApS
Personnel
25 persons
Established
1994
Company form
Private limited company
Industry

About Velsø El ApS

Velsø El ApS (CVR number: 17879782) is a company from STRUER. The company recorded a gross profit of 11 mDKK in 2024. The operating profit was 643.7 kDKK, while net earnings were 310.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.1 %, which can be considered decent but Return on Equity (ROE) was 11.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 24.8 %, 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. Velsø El ApS'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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit11 786.039 335.8810 411.7111 095.2910 986.86
EBIT1 503.94- 419.92286.97689.87643.73
Net earnings1 167.26- 348.13174.48473.19310.57
Shareholders equity total3 583.092 418.642 293.112 766.302 676.87
Balance sheet total (assets)8 205.908 087.146 190.978 085.3610 802.17
Net debt-1 490.451 005.70800.321 163.344 755.55
Profitability
EBIT-%
ROA18.6 %-4.9 %4.2 %10.0 %7.1 %
ROE37.0 %-11.6 %7.4 %18.7 %11.4 %
ROI46.2 %-10.9 %8.4 %19.0 %11.3 %
Economic value added (EVA)1 053.16- 435.74120.38430.94336.74
Solvency
Equity ratio46.7 %37.0 %37.0 %34.4 %24.8 %
Gearing57.7 %44.0 %49.0 %184.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.71.61.21.21.1
Current ratio1.71.41.51.51.4
Cash and cash equivalents1 490.45390.37208.86193.29173.47
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBBBBA

Variable visualization

ROA:7.14%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:24.8%
Rating: 23/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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