NORDIC HEAT ApS — Credit Rating and Financial Key Figures

CVR number: 34880816
Kratbjerg 240, 3480 Fredensborg
service@NordicHeat.dk
tel: 61658200
www.NordicHeat.dk
Free credit report Annual report

Credit rating

Company information

Official name
NORDIC HEAT ApS
Personnel
2 persons
Established
2012
Company form
Private limited company
Industry

About NORDIC HEAT ApS

NORDIC HEAT ApS (CVR number: 34880816) is a company from FREDENSBORG. The company recorded a gross profit of 1311.5 kDKK in 2024. The operating profit was 447.7 kDKK, while net earnings were 369.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.6 %, which can be considered decent and Return on Equity (ROE) was 7.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 84.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. NORDIC HEAT ApS's liquidity measured by quick ratio was 2.7 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

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 profit2 360.863 208.882 736.302 130.261 311.53
EBIT1 312.252 321.041 722.501 113.76447.72
Net earnings996.441 844.651 399.39887.96369.51
Shareholders equity total4 350.906 075.567 042.955 430.915 037.92
Balance sheet total (assets)5 818.667 687.488 699.306 972.845 945.79
Net debt-1 932.41-1 848.53-3 464.81-2 111.75-1 471.32
Profitability
EBIT-%
ROA23.6 %35.2 %22.1 %14.7 %7.6 %
ROE25.5 %35.4 %21.3 %14.2 %7.1 %
ROI31.1 %45.5 %27.5 %18.1 %9.2 %
Economic value added (EVA)814.841 581.801 026.67508.8964.94
Solvency
Equity ratio74.8 %79.0 %81.0 %77.9 %84.7 %
Gearing0.8 %0.1 %0.3 %3.3 %0.2 %
Relative net indebtedness %
Liquidity
Quick ratio2.22.83.62.52.7
Current ratio4.04.85.24.56.6
Cash and cash equivalents1 967.211 854.393 483.972 288.651 483.12
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:7.62%
Rating: 50/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:84.7%
Rating: 64/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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