GLASTECH EJENDOMME ApS — Credit Rating and Financial Key Figures

CVR number: 33949286
Søndre Havnekaj 19, 5300 Kerteminde
glastech.dk@gmail.com
tel: 20723872

Credit rating

Company information

Official name
GLASTECH EJENDOMME ApS
Established
2011
Company form
Private limited company
Industry

About GLASTECH EJENDOMME ApS

GLASTECH EJENDOMME ApS (CVR number: 33949286) is a company from KERTEMINDE. The company recorded a gross profit of -823.5 kDKK in 2023. The operating profit was -823.5 kDKK, while net earnings were -998.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8 %, which can be considered poor and Return on Equity (ROE) was -10.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -11.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. GLASTECH EJENDOMME ApS's liquidity measured by quick ratio was 0.8 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit- 117.92345.66-33.21-23.84- 823.50
EBIT- 272.72345.66-33.21-23.84- 823.50
Net earnings- 402.61209.40- 207.67- 373.96- 998.70
Shareholders equity total200.00409.40201.73- 172.23-1 170.93
Balance sheet total (assets)10 405.399 632.839 933.789 978.909 241.27
Net debt9 733.149 143.919 637.9010 066.4510 325.44
Profitability
EBIT-%
ROA-2.8 %3.6 %-0.3 %-0.2 %-8.0 %
ROE-201.3 %68.7 %-68.0 %-7.3 %-10.4 %
ROI-2.9 %3.7 %-0.3 %-0.2 %-8.1 %
Economic value added (EVA)- 241.41448.67-46.46-42.62- 753.01
Solvency
Equity ratio1.9 %4.3 %2.0 %-1.7 %-11.2 %
Gearing4866.6 %2233.6 %4784.6 %-5846.6 %-882.2 %
Relative net indebtedness %
Liquidity
Quick ratio2.02.83.69.90.8
Current ratio2.02.83.69.90.8
Cash and cash equivalents0.5414.033.384.26
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBABBBBBBBBB

Variable visualization

ROA:-8.01%
Rating: 12/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-11.2%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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