TIMRING VVS, SMEDE- OG MASKINFORRETNING A/S

CVR number: 27577075
Nr. Mosevej 2, Timring 7480 Vildbjerg
ib@timring-vvs.dk
tel: 97132422

Credit rating

Company information

Official name
TIMRING VVS, SMEDE- OG MASKINFORRETNING A/S
Personnel
17 persons
Established
2004
Domicile
Timring
Company form
Limited company
Industry
  • Expand more icon25Manufacture of fabricated metal products, except machinery and equipment

About the company

TIMRING VVS, SMEDE- OG MASKINFORRETNING A/S (CVR number: 27577075) is a company from HERNING. The company recorded a gross profit of 4640.5 kDKK in 2023. The operating profit was 1304.6 kDKK, while net earnings were 825.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.3 %, which can be considered good and Return on Equity (ROE) was 11.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 42 %, 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. TIMRING VVS, SMEDE- OG MASKINFORRETNING 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit3 581.003 511 590.003 311.383 215.134 640.49
EBIT1 262.001 318 446.001 195.071 128.661 304.56
Net earnings816.00855 232.00794.82748.67825.34
Shareholders equity total5 698.006 153 705.006 548.526 897.206 922.54
Balance sheet total (assets)14 893.0016 018 400.0015 335.1014 985.3416 501.30
Net debt4 632.003 773 641.003 459.322 801.28869.35
Profitability
EBIT-%
ROA9.2 %16.6 %0.0 %7.5 %8.3 %
ROE14.4 %27.8 %0.0 %11.1 %11.9 %
ROI10.9 %21.9 %0.0 %9.5 %11.4 %
Economic value added (EVA)482.391 026 540.75- 426 702.43417.94559.96
Solvency
Equity ratio38.3 %38.4 %42.7 %46.0 %42.0 %
Gearing91.9 %74.3 %53.1 %40.6 %31.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.80.80.50.50.4
Current ratio1.91.61.81.81.5
Cash and cash equivalents603.00796 723.0020.821.451 276.98
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBAA

Variable visualization

ROA:8.30%
Rating: 52/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:42.0%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member
Board member

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