BIRKETINGET A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BIRKETINGET A/S
BIRKETINGET A/S (CVR number: 12599307) is a company from AARHUS. The company reported a net sales of 19.9 mDKK in 2024, demonstrating a growth of 2.8 % compared to the previous year. The operating profit percentage was at 97.3 % (EBIT: 19.4 mDKK), while net earnings were 19.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.4 %, which can be considered decent and Return on Equity (ROE) was 5.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 95.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. BIRKETINGET 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 36 442.65 | 38 473.68 | 30 577.76 | 19 402.76 | 19 940.40 |
Gross profit | 36 319.50 | 38 320.04 | 30 426.46 | 30 092.13 | 19 978.83 |
EBIT | 35 222.18 | 37 158.60 | 29 417.95 | 29 123.50 | 19 398.12 |
Net earnings | 35 476.97 | 37 907.40 | 29 671.19 | 28 904.28 | 19 157.06 |
Shareholders equity total | 220 567.34 | 261 110.42 | 320 475.73 | 338 890.42 | 353 107.33 |
Balance sheet total (assets) | 227 549.31 | 267 773.68 | 325 802.84 | 365 247.92 | 370 398.58 |
Net debt | -8 696.38 | 5 988.51 | 3 816.78 | 21 400.74 | 12 718.00 |
Profitability | |||||
EBIT-% | 96.7 % | 96.6 % | 96.2 % | 150.1 % | 97.3 % |
ROA | 16.6 % | 15.2 % | 9.9 % | 8.5 % | 5.4 % |
ROE | 17.2 % | 15.7 % | 10.2 % | 8.8 % | 5.5 % |
ROI | 16.7 % | 15.3 % | 9.9 % | 8.5 % | 5.4 % |
Economic value added (EVA) | 25 621.05 | 26 042.22 | 16 319.29 | 13 148.07 | 1 592.84 |
Solvency | |||||
Equity ratio | 96.9 % | 97.5 % | 98.4 % | 92.8 % | 95.3 % |
Gearing | 2.9 % | 2.3 % | 1.5 % | 6.3 % | 3.6 % |
Relative net indebtedness % | -22.3 % | 17.3 % | 13.7 % | 135.8 % | 86.7 % |
Liquidity | |||||
Quick ratio | 3.3 | 1.3 | 1.8 | 0.3 | 0.4 |
Current ratio | 3.3 | 1.3 | 1.8 | 0.3 | 0.4 |
Cash and cash equivalents | 15 126.79 | 0.57 | 1 130.01 | 5.17 | 6.91 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 43.5 % | 5.1 % | 13.1 % | -94.0 % | -47.9 % |
Credit risk | |||||
Credit rating | AAA | AA | AA | AAA | AAA |
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