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MIDTGAARD FARVER A/S — Credit Rating and Financial Key Figures

CVR number: 13000603
Åkirkebyvej 2, 7400 Herning
tel: 97223453
Free credit report Annual report

Credit rating

Company information

Official name
MIDTGAARD FARVER A/S
Personnel
17 persons
Established
1989
Company form
Limited company
Industry

About MIDTGAARD FARVER A/S

MIDTGAARD FARVER A/S (CVR number: 13000603) is a company from HERNING. The company recorded a gross profit of 13.7 mDKK in 2025. The operating profit was 2089.3 kDKK, while net earnings were 1633.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.1 %, which can be considered good but Return on Equity (ROE) was 17.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 43.2 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. MIDTGAARD FARVER A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

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 profit12 344.7313 069.8311 716.3911 708.5313 704.41
EBIT3 643.943 808.902 386.991 437.182 089.28
Net earnings2 831.102 961.021 871.601 176.301 633.90
Shareholders equity total7 805.8810 766.909 138.498 814.799 448.70
Balance sheet total (assets)21 954.8419 782.5721 950.7319 952.8921 876.31
Net debt4 286.62851.161 979.563 162.58- 774.97
Profitability
EBIT-%
ROA17.5 %18.3 %11.6 %7.3 %10.1 %
ROE27.6 %31.9 %18.8 %13.1 %17.9 %
ROI25.2 %25.1 %15.9 %10.4 %16.6 %
Economic value added (EVA)2 181.962 161.721 124.66305.68942.88
Solvency
Equity ratio35.6 %54.4 %41.6 %44.2 %43.2 %
Gearing104.6 %33.8 %74.3 %51.6 %28.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.60.80.70.50.7
Current ratio1.52.11.61.61.6
Cash and cash equivalents3 875.352 791.824 811.901 384.853 488.04
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBBBBB

Variable visualization

ROA:10.1%
Rating: 57/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:43.2%
Rating: 35/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member

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