Mind Energy A/S — Credit Rating and Financial Key Figures

CVR number: 17225898
Tangen 29, 8200 Aarhus N
denmark@mindenergy.com
tel: 87426263
www.energidanmark.dk

Credit rating

Company information

Official name
Mind Energy A/S
Personnel
265 persons
Established
1993
Company form
Limited company
Industry
  • Expand more icon351590

About Mind Energy A/S

Mind Energy A/S (CVR number: 17225898K) is a company from AARHUS. The company reported a net sales of 76615.2 mDKK in 2024, demonstrating a decline of -35.9 % compared to the previous year. The operating profit percentage was at 0.2 % (EBIT: 173.1 mDKK), while net earnings were 292.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 2.5 %, which can be considered weak and Return on Equity (ROE) was 3.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 64.6 %, 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. Mind Energy A/S's liquidity measured by quick ratio was 2.8 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales44 908.75119 005.50344 556.25119 576.5876 615.16
Gross profit476.63132.08-1 167.35865.49399.00
EBIT82.39- 270.9511 378.98- 467.97173.15
Net earnings139.59- 286.478 844.12- 202.94292.19
Shareholders equity total1 251.561 948.8611 738.338 504.178 849.58
Balance sheet total (assets)7 937.7127 600.0335 140.8217 871.0213 704.79
Net debt1 682.362 952.85-5 602.79-2 824.34-3 254.44
Profitability
EBIT-%0.2 %-0.2 %3.3 %-0.4 %0.2 %
ROA1.1 %-1.0 %77.6 %-0.7 %2.5 %
ROE11.8 %-17.9 %129.2 %-2.0 %3.4 %
ROI3.5 %-5.1 %300.2 %-1.7 %4.3 %
Economic value added (EVA)-65.34- 342.658 651.65-1 014.37- 317.92
Solvency
Equity ratio15.8 %7.1 %33.4 %47.6 %64.6 %
Gearing102.8 %122.5 %5.2 %0.1 %
Relative net indebtedness %15.8 %22.0 %5.2 %5.1 %2.1 %
Liquidity
Quick ratio1.11.01.41.82.8
Current ratio1.21.11.51.92.8
Cash and cash equivalents- 396.19- 566.355 602.793 262.973 266.60
Capital use efficiency
Trade debtors turnover (days)39.337.115.322.028.6
Net working capital %2.5 %1.4 %3.3 %6.9 %11.4 %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:2.47%
Rating: 32/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:64.6%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

Companies in the same industry

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