KVIST INDUSTRIES A/S — Credit Rating and Financial Key Figures

CVR number: 22629115
Siggårdsvej 2, 6818 Årre
mail@kvist.com
tel: 76774500

Credit rating

Company information

Official name
KVIST INDUSTRIES A/S
Personnel
102 persons
Established
1947
Company form
Limited company
Industry
  • Expand more icon31Manufacture of furniture

About KVIST INDUSTRIES A/S

KVIST INDUSTRIES A/S (CVR number: 22629115) is a company from VARDE. The company reported a net sales of 374.4 mDKK in 2023, demonstrating a decline of -24.3 % compared to the previous year. The operating profit percentage was poor at -9 % (EBIT: -33.6 mDKK), while net earnings were -35.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was -21.7 %, which can be considered poor and Return on Equity (ROE) was -89.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 18.4 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. KVIST INDUSTRIES A/S's liquidity measured by quick ratio was 0.5 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
2022
2023
Volume
Net sales494 763.57374 418.33
Gross profit69 049.4719 823.75
EBIT-5 176.45-33 634.46
Net earnings-2 157.98-35 808.11
Shareholders equity total52 825.7727 017.66
Balance sheet total (assets)180 460.01154 813.19
Net debt60 506.0589 341.65
Profitability
EBIT-%-1.0 %-9.0 %
ROA0.3 %-21.7 %
ROE-4.1 %-89.7 %
ROI0.5 %-30.4 %
Economic value added (EVA)- 446.49-4 127.80-25 030.72
Solvency
Equity ratio30.3 %18.4 %
Gearing115.4 %331.9 %
Relative net indebtedness %25.2 %33.7 %
Liquidity
Quick ratio0.40.5
Current ratio0.90.7
Cash and cash equivalents434.57331.52
Capital use efficiency
Trade debtors turnover (days)9.38.7
Net working capital %-2.3 %-9.3 %
Credit risk
Credit ratingAABBB

Variable visualization

ROA:-21.7%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:18.4%
Rating: 18/100
-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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