VESTFORSYNING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VESTFORSYNING A/S
VESTFORSYNING A/S (CVR number: 25952200K) is a company from HOLSTEBRO. The company reported a net sales of 670.2 mDKK in 2024, demonstrating a decline of -17.2 % compared to the previous year. The operating profit percentage was at 3.2 % (EBIT: 21.3 mDKK), while net earnings were 78.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1.8 %, which can be considered weak and Return on Equity (ROE) was 2.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 79.5 %, 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. VESTFORSYNING A/S's liquidity measured by quick ratio was 6 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 586.11 | 698.42 | 811.91 | 809.26 | 670.17 |
Gross profit | 95.86 | 78.18 | 94.05 | 129.51 | 46.17 |
EBIT | 57.10 | 44.50 | 70.48 | 238.09 | 21.34 |
Net earnings | 28.36 | 67.82 | 73.78 | 235.02 | 78.88 |
Shareholders equity total | 3 300.66 | 3 370.33 | 3 451.90 | 3 575.07 | 3 645.40 |
Balance sheet total (assets) | 4 591.59 | 4 577.14 | 4 656.64 | 4 727.29 | 4 588.73 |
Net debt | - 568.75 | - 451.53 | |||
Profitability | |||||
EBIT-% | 9.7 % | 6.4 % | 8.7 % | 29.4 % | 3.2 % |
ROA | 1.2 % | 1.0 % | 1.5 % | 5.9 % | 1.8 % |
ROE | 0.9 % | 2.0 % | 2.2 % | 6.8 % | 2.2 % |
ROI | 1.2 % | 1.0 % | 1.5 % | 6.4 % | 2.0 % |
Economic value added (EVA) | - 107.17 | - 121.35 | -98.88 | 41.49 | - 177.84 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 75.6 % | 79.5 % |
Gearing | 11.0 % | 10.2 % | |||
Relative net indebtedness % | 19.9 % | 14.2 % | |||
Liquidity | |||||
Quick ratio | 3.2 | 6.0 | |||
Current ratio | 3.3 | 6.1 | |||
Cash and cash equivalents | 962.67 | 824.30 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 24.8 | 42.7 | |||
Net working capital % | 59.3 % | 68.2 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AA | AA |
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