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MIND CONNECTION ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIND CONNECTION ApS
MIND CONNECTION ApS (CVR number: 31275083) is a company from KØBENHAVN. The company recorded a gross profit of 3.8 kDKK in 2024. The operating profit was -12.5 kDKK, while net earnings were -23.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.3 %, which can be considered poor and Return on Equity (ROE) was -56.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -83.1 %. 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 2.4 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 197.93 | 111.06 | -3.95 | 47.12 | 3.83 |
| EBIT | 76.34 | - 118.20 | -55.31 | -6.20 | -12.47 |
| Net earnings | 51.95 | - 100.12 | -92.00 | -18.67 | -23.27 |
| Shareholders equity total | 93.51 | -6.61 | -98.61 | - 117.28 | - 140.55 |
| Balance sheet total (assets) | 348.50 | 179.90 | 67.39 | 53.61 | 28.54 |
| Net debt | - 117.31 | 60.22 | 114.44 | 97.99 | 130.67 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 25.0 % | -44.2 % | -31.4 % | -3.7 % | -7.3 % |
| ROE | 76.9 % | -73.2 % | -74.4 % | -30.9 % | -56.7 % |
| ROI | 31.5 % | -57.0 % | -37.0 % | -4.2 % | -8.1 % |
| Economic value added (EVA) | 47.65 | - 105.88 | -86.26 | -8.56 | -14.07 |
| Solvency | |||||
| Equity ratio | 26.8 % | -3.5 % | -59.4 % | -68.6 % | -83.1 % |
| Gearing | 179.5 % | -2322.8 % | -147.5 % | -127.1 % | -111.9 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.3 | 0.8 | 1.9 | 2.3 | 2.4 |
| Current ratio | 1.3 | 0.9 | 2.3 | 2.3 | 2.4 |
| Cash and cash equivalents | 285.12 | 93.39 | 31.05 | 51.11 | 26.65 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | C | B | BB |
Variable visualization
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