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VEJEN FORSYNING A/S

CVR number: 32645992
Gormsvej 7, 6600 Vejen
post@vejenforsyning.dk
tel: 76326600

Credit rating

Company information

Official name
VEJEN FORSYNING A/S
Established
2009
Company form
Limited company
Industry
  • Expand more icon70Activities of head offices; management consultancy activities

About the company

VEJEN FORSYNING A/S (CVR number: 32645992K) is a company from VEJEN. The company reported a net sales of 91.6 mDKK in 2022, demonstrating a decline of -7.8 % compared to the previous year. The operating profit percentage was poor at -5.3 % (EBIT: -4.9 mDKK), while net earnings were -11.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was -0.2 %, which can be considered poor and Return on Equity (ROE) was -0.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 89 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VEJEN FORSYNING A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
20182019202020212022
Volume
Net sales92.5885.8788.0799.4191.65
Gross profit10.10-4.622.506.730.80
EBIT5.80-9.96-2.211.28-4.86
Net earnings242.45-10.65-1.833.31-11.53
Shareholders equity total1 582.601 571.941 570.111 573.421 561.88
Balance sheet total (assets)1 789.571 777.641 769.791 753.921 753.96
Net debt109.1092.4778.3586.4998.38
Profitability
EBIT-%6.3 %-11.6 %-2.5 %1.3 %-5.3 %
ROA0.4 %-0.4 %0.1 %0.3 %-0.2 %
ROE16.6 %-0.7 %-0.1 %0.2 %-0.7 %
ROI0.4 %-0.4 %0.1 %0.3 %-0.3 %
Economic value added (EVA)-63.64-93.16-82.41-78.35-84.97
Solvency
Equity ratio88.4 %88.4 %88.7 %89.7 %89.0 %
Gearing11.0 %10.7 %10.2 %9.0 %9.6 %
Relative net indebtedness %134.4 %129.0 %112.7 %107.2 %137.5 %
Liquidity
Quick ratio1.01.21.21.20.9
Current ratio1.01.21.21.20.9
Cash and cash equivalents64.8175.7081.6555.9051.45
Capital use efficiency
Trade debtors turnover (days)7.214.95.040.610.7
Net working capital %-50.3 %-41.6 %-39.3 %-41.5 %-57.6 %
Credit risk
Credit ratingAABBBAAABBB

Variable visualization

ROA:-0.25%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Equity ratio:89.0%
Rating: 69/100
-1%
21%
50%
81%
99%
100%

Roles

Chairman of the board
Board member
Board member
Board member
Board member
Chief executive officer
Board member

Companies in the same industry

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