GRUNDE A/S — Credit Rating and Financial Key Figures

CVR number: 32673422
Hjørringvej 145 E, 9900 Frederikshavn
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Credit rating

Company information

Official name
GRUNDE A/S
Established
2010
Company form
Limited company
Industry

About GRUNDE A/S

GRUNDE A/S (CVR number: 32673422) is a company from FREDERIKSHAVN. The company recorded a gross profit of 216.8 kDKK in 2024. The operating profit was 318.1 kDKK, while net earnings were -66.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.7 %, which can be considered weak but Return on Equity (ROE) was -0.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 41.2 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. GRUNDE A/S's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit1 379.30- 949.7284.4895.77216.85
EBIT4 171.082 062.4485.70- 303.01318.07
Net earnings3 665.711 642.97- 101.34- 480.56-66.51
Shareholders equity total6 773.498 416.478 315.137 834.577 768.05
Balance sheet total (assets)22 438.8818 604.9518 697.8518 354.1618 874.60
Net debt12 523.9510 006.1110 192.7810 275.6710 771.87
Profitability
EBIT-%
ROA24.6 %10.0 %0.5 %-1.6 %1.7 %
ROE74.2 %21.6 %-1.2 %-6.0 %-0.9 %
ROI25.3 %10.3 %0.5 %-1.7 %1.7 %
Economic value added (EVA)3 333.41762.16- 859.05-1 166.17- 662.10
Solvency
Equity ratio30.2 %45.2 %44.5 %42.7 %41.2 %
Gearing220.9 %118.9 %122.6 %131.2 %138.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.10.00.00.0
Current ratio1.40.10.01.41.3
Cash and cash equivalents2 435.93
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBBBBBBB

Variable visualization

ROA:1.71%
Rating: 29/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.2%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board

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