TORVET ApS — Credit Rating and Financial Key Figures

CVR number: 35048405
Torvet 20, 7400 Herning

Company information

Official name
TORVET ApS
Established
2013
Company form
Private limited company
Industry

About TORVET ApS

TORVET ApS (CVR number: 35048405) is a company from HERNING. The company recorded a gross profit of 477.3 kDKK in 2024. The operating profit was 366.1 kDKK, while net earnings were 225.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.9 %, which can be considered decent and Return on Equity (ROE) was 4.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 70.1 %, 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. TORVET ApS's liquidity measured by quick ratio was 0.2 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 profit529.29530.74528.80526.72477.29
EBIT418.11419.56417.61415.54366.11
Net earnings292.38291.97292.22269.83225.43
Shareholders equity total4 145.774 437.744 729.964 999.795 225.23
Balance sheet total (assets)7 576.097 462.237 351.057 377.177 457.52
Net debt2 919.902 485.252 035.701 755.111 462.28
Profitability
EBIT-%
ROA5.4 %5.6 %5.6 %5.6 %4.9 %
ROE7.3 %6.8 %6.4 %5.5 %4.4 %
ROI5.6 %5.7 %5.8 %5.8 %5.0 %
Economic value added (EVA)-53.42-43.27-39.24-34.72-78.41
Solvency
Equity ratio54.7 %59.5 %64.3 %67.8 %70.1 %
Gearing70.5 %56.0 %43.0 %36.7 %32.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.10.2
Current ratio0.00.10.2
Cash and cash equivalents2.6878.78211.78
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:4.94%
Rating: 43/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:70.1%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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