VESTVEJEN A/S — Credit Rating and Financial Key Figures

CVR number: 11092489
Vestvejen 2, Als 9560 Hadsund
tel: 98581066

Company information

Official name
VESTVEJEN A/S
Established
1987
Domicile
Als
Company form
Limited company
Industry

About VESTVEJEN A/S

VESTVEJEN A/S (CVR number: 11092489) is a company from MARIAGERFJORD. The company recorded a gross profit of 600.3 kDKK in 2023. The operating profit was 351 kDKK, while net earnings were 181.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.3 %, which can be considered decent but Return on Equity (ROE) was 8.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 26.9 %, 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. VESTVEJEN A/S's liquidity measured by quick ratio was 0.4 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit595.15229.47417.05655.94600.27
EBIT355.45-10.22177.13414.95350.98
Net earnings182.97- 171.1817.48228.28181.08
Shareholders equity total2 138.781 967.601 985.082 213.372 214.44
Balance sheet total (assets)8 105.097 938.347 952.128 161.508 232.49
Net debt4 701.154 676.924 524.144 064.753 775.03
Profitability
EBIT-%
ROA4.5 %-0.1 %2.2 %5.2 %4.3 %
ROE8.9 %-8.3 %0.9 %10.9 %8.2 %
ROI4.8 %-0.1 %2.3 %5.3 %4.5 %
Economic value added (EVA)133.36- 155.97-6.49138.6498.76
Solvency
Equity ratio26.4 %24.8 %25.0 %27.1 %26.9 %
Gearing260.3 %286.1 %281.1 %249.9 %247.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.20.30.40.4
Current ratio0.20.20.30.40.4
Cash and cash equivalents865.86953.331 056.881 466.631 706.09
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:4.31%
Rating: 41/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:26.9%
Rating: 24/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member

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