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 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 160.43 | 197.93 | 111.06 | -3.95 | 47.12 |
EBIT | 79.99 | 76.34 | - 118.20 | -55.31 | -6.20 |
Net earnings | 54.77 | 51.95 | - 100.12 | -92.00 | -18.67 |
Shareholders equity total | 41.56 | 93.51 | -6.61 | -98.61 | - 117.28 |
Balance sheet total (assets) | 261.65 | 348.50 | 179.90 | 67.39 | 53.61 |
Net debt | 17.58 | - 117.31 | 60.22 | 114.44 | 97.99 |
Profitability | |||||
EBIT-% | |||||
ROA | 29.2 % | 25.0 % | -44.2 % | -31.4 % | -3.7 % |
ROE | 34.8 % | 76.9 % | -73.2 % | -74.4 % | -30.9 % |
ROI | 39.3 % | 31.5 % | -57.0 % | -37.0 % | -4.2 % |
Economic value added (EVA) | 68.20 | 65.07 | -83.12 | -73.85 | 0.31 |
Solvency | |||||
Equity ratio | 15.9 % | 26.8 % | -3.5 % | -59.4 % | -68.6 % |
Gearing | 438.3 % | 179.5 % | -2322.8 % | -147.5 % | -127.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.1 | 1.3 | 0.8 | 1.9 | 2.3 |
Current ratio | 1.1 | 1.3 | 0.9 | 2.3 | 2.3 |
Cash and cash equivalents | 164.59 | 285.12 | 93.39 | 31.05 | 51.11 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BB | BBB |
Variable visualization
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