MIND CONNECTION ApS — Credit Rating and Financial Key Figures

CVR number: 31275083
Amaliegade 6 B, 1256 København K
ck@mindconnection.dk
tel: 51238330
www.mindconnection.dk
Free credit report

Credit rating

Company information

Official name
MIND CONNECTION ApS
Personnel
1 person
Established
2008
Company form
Private limited company
Industry

About MIND CONNECTION ApS

MIND CONNECTION ApS (CVR number: 31275083) is a company from KØBENHAVN. The company recorded a gross profit of 47.1 kDKK in 2023. The operating profit was -6.2 kDKK, while net earnings were -18.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.7 %, which can be considered poor and Return on Equity (ROE) was -30.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -68.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. MIND CONNECTION ApS's liquidity measured by quick ratio was 2.3 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit160.43197.93111.06-3.9547.12
EBIT79.9976.34- 118.20-55.31-6.20
Net earnings54.7751.95- 100.12-92.00-18.67
Shareholders equity total41.5693.51-6.61-98.61- 117.28
Balance sheet total (assets)261.65348.50179.9067.3953.61
Net debt17.58- 117.3160.22114.4497.99
Profitability
EBIT-%
ROA29.2 %25.0 %-44.2 %-31.4 %-3.7 %
ROE34.8 %76.9 %-73.2 %-74.4 %-30.9 %
ROI39.3 %31.5 %-57.0 %-37.0 %-4.2 %
Economic value added (EVA)68.2065.07-83.12-73.850.31
Solvency
Equity ratio15.9 %26.8 %-3.5 %-59.4 %-68.6 %
Gearing438.3 %179.5 %-2322.8 %-147.5 %-127.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.11.30.81.92.3
Current ratio1.11.30.92.32.3
Cash and cash equivalents164.59285.1293.3931.0551.11
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:-3.68%
Rating: 16/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-68.6%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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