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MINDSIDE ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MINDSIDE ApS
MINDSIDE ApS (CVR number: 31943116) is a company from KØBENHAVN. The company reported a net sales of 0.1 mDKK in 2024, demonstrating a decline of -50 % compared to the previous year. The operating profit percentage was at 83.7 % (EBIT: 0 mDKK), while net earnings were 107.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.8 %, which can be considered decent but Return on Equity (ROE) was 25.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 64.7 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. MINDSIDE ApS's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 50.00 | 150.00 | 100.00 | 100.00 | 50.00 |
| Gross profit | 41.88 | 144.60 | 94.23 | 100.00 | 50.00 |
| EBIT | 41.88 | 144.60 | 94.23 | 93.98 | 41.85 |
| Net earnings | 35.27 | 51.79 | 17.21 | -23.21 | 107.94 |
| Shareholders equity total | 319.02 | 370.81 | 388.02 | 364.81 | 472.76 |
| Balance sheet total (assets) | 654.99 | 672.04 | 634.15 | 615.12 | 730.81 |
| Net debt | - 279.99 | 41.40 | 23.68 | -58.49 | -63.47 |
| Profitability | |||||
| EBIT-% | 83.8 % | 96.4 % | 94.2 % | 94.0 % | 83.7 % |
| ROA | 9.5 % | 22.0 % | 14.6 % | 17.7 % | 6.8 % |
| ROE | 11.7 % | 15.0 % | 4.5 % | -6.2 % | 25.8 % |
| ROI | 19.5 % | 29.8 % | 14.9 % | 18.1 % | 7.0 % |
| Economic value added (EVA) | 18.33 | 96.46 | 39.76 | 62.78 | 11.02 |
| Solvency | |||||
| Equity ratio | 48.7 % | 55.2 % | 61.2 % | 59.3 % | 64.7 % |
| Gearing | 77.8 % | 60.0 % | 63.5 % | 50.8 % | |
| Relative net indebtedness % | 112.0 % | 36.1 % | 37.0 % | -39.8 % | -91.6 % |
| Liquidity | |||||
| Quick ratio | 0.8 | 1.0 | 1.1 | 1.4 | 1.4 |
| Current ratio | 0.8 | 1.0 | 1.1 | 1.4 | 1.4 |
| Cash and cash equivalents | 279.99 | 247.03 | 209.15 | 290.12 | 303.85 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | -518.1 % | -123.5 % | -146.6 % | -84.2 % | -387.7 % |
| Credit risk | |||||
| Credit rating | BBB | BBB | A | A | A |
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