Ejendomsselskabet Mindegade 2, Herning ApS — Credit Rating and Financial Key Figures

CVR number: 37994162
Mindegade 2, 7400 Herning
mkb@bale.dk

Credit rating

Company information

Official name
Ejendomsselskabet Mindegade 2, Herning ApS
Established
2016
Company form
Private limited company
Industry

About Ejendomsselskabet Mindegade 2, Herning ApS

Ejendomsselskabet Mindegade 2, Herning ApS (CVR number: 37994162) is a company from HERNING. The company recorded a gross profit of 295.9 kDKK in 2024. The operating profit was 289.6 kDKK, while net earnings were 80.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.4 %, which can be considered decent but Return on Equity (ROE) was 11.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 16 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Ejendomsselskabet Mindegade 2, Herning ApS's liquidity measured by quick ratio was 0.3 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 profit270.74256.77277.93284.66295.94
EBIT270.74256.77237.93284.66289.56
Net earnings150.18138.29541.8081.0180.17
Shareholders equity total372.42510.71802.51643.52723.69
Balance sheet total (assets)4 771.394 790.944 723.824 525.684 510.01
Net debt3 773.643 655.403 215.223 347.703 677.03
Profitability
EBIT-%
ROA5.7 %5.4 %17.9 %6.2 %6.4 %
ROE50.5 %31.3 %82.5 %11.2 %11.7 %
ROI5.9 %5.5 %18.6 %6.5 %6.7 %
Economic value added (EVA)55.7143.1826.5462.3969.86
Solvency
Equity ratio7.8 %10.7 %17.0 %14.2 %16.0 %
Gearing1135.1 %810.2 %456.8 %559.5 %509.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.92.11.50.80.3
Current ratio1.92.11.50.80.3
Cash and cash equivalents453.62482.19450.61252.957.44
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:6.41%
Rating: 47/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:16.0%
Rating: 15/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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