TIMCO DANMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TIMCO DANMARK ApS
TIMCO DANMARK ApS (CVR number: 32288243) is a company from HADERSLEV. The company recorded a gross profit of 61.6 kDKK in 2024. The operating profit was -460.3 kDKK, while net earnings were 2163.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.8 %, which can be considered good and Return on Equity (ROE) was 13 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 65 %, 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. TIMCO DANMARK ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 415.07 | -81.00 | -10.00 | -43.00 | 61.64 |
EBIT | - 686.11 | - 672.00 | - 559.00 | - 500.00 | - 460.33 |
Net earnings | 3 423.33 | 1 779.00 | 3 340.00 | 2 736.00 | 2 163.51 |
Shareholders equity total | 7 949.77 | 9 715.00 | 12 955.00 | 15 632.00 | 17 734.46 |
Balance sheet total (assets) | 16 909.96 | 20 023.00 | 22 814.00 | 26 245.00 | 27 285.15 |
Net debt | 7 771.82 | 9 509.00 | 8 935.00 | 9 569.00 | 9 058.49 |
Profitability | |||||
EBIT-% | |||||
ROA | 22.7 % | 10.9 % | 15.9 % | 12.0 % | 9.8 % |
ROE | 54.4 % | 20.1 % | 29.5 % | 19.1 % | 13.0 % |
ROI | 23.5 % | 11.5 % | 16.6 % | 12.4 % | 10.1 % |
Economic value added (EVA) | -1 136.22 | -1 474.57 | -1 299.81 | -1 496.59 | -1 654.27 |
Solvency | |||||
Equity ratio | 47.0 % | 48.5 % | 56.8 % | 59.6 % | 65.0 % |
Gearing | 100.9 % | 97.9 % | 69.6 % | 62.3 % | 51.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.8 | 1.0 | 1.2 | 1.5 | 0.6 |
Current ratio | 0.8 | 1.1 | 1.9 | 2.0 | 0.9 |
Cash and cash equivalents | 249.96 | 81.00 | 165.00 | 4.56 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | A | A |
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