MIP ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIP ApS
MIP ApS (CVR number: 37403261) is a company from SILKEBORG. The company recorded a gross profit of 1823.1 kDKK in 2022. The operating profit was -206.6 kDKK, while net earnings were -375.2 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 -32.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -63.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. MIP ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 2 423.11 | 1 615.61 | 1 833.59 | 2 174.58 | 1 823.09 |
EBIT | -75.54 | -83.63 | -0.40 | 18.41 | - 206.58 |
Net earnings | - 198.47 | - 211.46 | -24.94 | 132.46 | - 375.17 |
Shareholders equity total | -1 130.91 | -1 342.37 | -1 367.32 | -1 234.86 | -1 610.03 |
Balance sheet total (assets) | 1 370.01 | 1 530.36 | 1 306.11 | 1 384.12 | 931.59 |
Net debt | 1 992.61 | 1 851.97 | - 502.42 | - 620.53 | - 431.25 |
Profitability | |||||
EBIT-% | |||||
ROA | -2.9 % | -3.1 % | 0.0 % | 1.1 % | -8.0 % |
ROE | -12.3 % | -14.6 % | -1.8 % | 9.8 % | -32.4 % |
ROI | -3.6 % | -3.8 % | 0.0 % | 2.7 % | |
Economic value added (EVA) | -9.06 | -19.75 | 86.36 | 112.36 | -53.44 |
Solvency | |||||
Equity ratio | -45.2 % | -46.7 % | -51.1 % | -47.2 % | -63.3 % |
Gearing | -188.6 % | -166.6 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.1 | 0.2 | 1.3 | 1.7 | 1.2 |
Current ratio | 0.2 | 0.3 | 1.7 | 2.2 | 1.5 |
Cash and cash equivalents | 140.17 | 384.35 | 502.42 | 620.53 | 431.25 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | C |
Variable visualization
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