KING HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 28990286
Lægårdsvej 12 A, 8520 Lystrup
css@gigantvoice.com
tel: 70228866

Company information

Official name
KING HOLDING ApS
Established
2005
Company form
Private limited company
Industry

About KING HOLDING ApS

KING HOLDING ApS (CVR number: 28990286) is a company from AARHUS. The company reported a net sales of -7 mDKK in 2023, demonstrating a decline of 93 % compared to the previous year. The operating profit percentage was poor at 0 % (EBIT: -7 mDKK), while net earnings were -7218.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -78.6 %, which can be considered poor and Return on Equity (ROE) was -157.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -35.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. KING HOLDING ApS's liquidity measured by quick ratio was 0.1 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales376.00587.001 621.00-3 602.00-6 953.50
Gross profit365.00575.001 609.00-3 614.00-6 966.23
EBIT365.00575.001 609.00-3 614.00-6 966.23
Net earnings298.00453.001 435.00-3 827.00-7 218.71
Shareholders equity total7 094.007 491.008 870.004 986.00-2 291.41
Balance sheet total (assets)12 964.0013 297.0014 829.0011 183.004 198.07
Net debt- 382.00- 544.00- 583.00- 509.001.69
Profitability
EBIT-%97.1 %98.0 %99.3 %
ROA3.9 %4.9 %11.9 %-27.6 %-78.6 %
ROE4.3 %6.2 %17.5 %-55.2 %-157.2 %
ROI7.0 %8.7 %20.4 %-51.6 %-274.8 %
Economic value added (EVA)730.821 039.552 062.48-3 037.63-6 557.55
Solvency
Equity ratio54.7 %56.3 %59.8 %44.6 %-35.3 %
Gearing1.5 %0.1 %0.1 %0.2 %-2.5 %
Relative net indebtedness %1431.1 %894.5 %330.9 %-157.6 %-92.5 %
Liquidity
Quick ratio0.30.30.20.10.1
Current ratio0.30.30.20.10.1
Cash and cash equivalents489.00555.00595.00521.0055.74
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-1038.6 %-697.6 %-298.3 %155.9 %85.4 %
Credit risk
Credit ratingAAABBBB

Variable visualization

ROA:-78.6%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-35.3%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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