MIKAEL LAURSEN OF DENMARK ApS — Credit Rating and Financial Key Figures

CVR number: 19195988
Stationsvej 18, 8544 Mørke
tel: 86377544

Credit rating

Company information

Official name
MIKAEL LAURSEN OF DENMARK ApS
Established
1996
Company form
Private limited company
Industry

About MIKAEL LAURSEN OF DENMARK ApS

MIKAEL LAURSEN OF DENMARK ApS (CVR number: 19195988) is a company from SYDDJURS. The company recorded a gross profit of -26.8 kDKK in 2023. The operating profit was -26.8 kDKK, while net earnings were -308.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0 %, which can be considered poor and Return on Equity (ROE) was -1.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 61.2 %, 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. MIKAEL LAURSEN OF DENMARK ApS's liquidity measured by quick ratio was 0 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 profit87.6442.4753.795.94-26.84
EBIT84.1939.0250.342.92-26.84
Net earnings- 199.33-90.24- 235.65- 276.09- 308.19
Shareholders equity total24 191.0124 100.7723 865.1223 589.0323 280.84
Balance sheet total (assets)37 874.6238 051.5238 273.7137 954.0038 039.78
Net debt6 004.806 133.536 245.506 278.826 780.11
Profitability
EBIT-%
ROA0.2 %0.1 %0.1 %0.0 %-0.0 %
ROE-0.8 %-0.4 %-1.0 %-1.2 %-1.3 %
ROI0.2 %0.1 %0.1 %0.0 %-0.0 %
Economic value added (EVA)-1 237.97-1 259.79-1 238.37-1 258.33-1 260.76
Solvency
Equity ratio63.9 %63.3 %62.4 %62.2 %61.2 %
Gearing24.9 %25.5 %26.2 %26.7 %29.1 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.10.10.00.0
Current ratio0.10.20.20.10.1
Cash and cash equivalents15.5711.110.1018.72
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:-0.04%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:61.2%
Rating: 47/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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