Fonden Kunsthal Spritten - Center for Contemporary Art — Credit Rating and Financial Key Figures

CVR number: 39732785
Strandvejen 19, 9000 Aalborg
info@kunsthalspritten.dk
tel: 77339000
www.kunsthalspritten.dk

Credit rating

Company information

Official name
Fonden Kunsthal Spritten - Center for Contemporary Art
Personnel
4 persons
Established
2018
Industry
  • Expand more icon88Social work activities without accommodation

About Fonden Kunsthal Spritten - Center for Contemporary Art

Fonden Kunsthal Spritten - Center for Contemporary Art (CVR number: 39732785) is a company from AALBORG. The company reported a net sales of 5.2 mDKK in 2023, demonstrating a growth of 34.7 % compared to the previous year. The operating profit percentage was at 51.7 % (EBIT: 2.7 mDKK), while net earnings were 2768 kDKK. The profitability of the company measured by Return on Assets (ROA) was 56 %, which can be considered excellent and Return on Equity (ROE) was 60.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 97 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Fonden Kunsthal Spritten - Center for Contemporary Art's liquidity measured by quick ratio was 33.5 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 000.003 000.003 030.003 891.005 243.00
Gross profit91.002 187.001 587.002 094.004 138.00
EBIT-99.001 441.00480.00467.002 709.00
Net earnings- 107.001 427.00451.00439.002 768.00
Shareholders equity total899.002 326.002 777.003 216.005 984.00
Balance sheet total (assets)1 437.003 200.004 253.003 720.006 167.00
Net debt-1 437.00-3 140.00-4 113.00-3 700.00-6 123.00
Profitability
EBIT-%-9.9 %48.0 %15.8 %12.0 %51.7 %
ROA-7.6 %62.2 %12.9 %11.7 %56.0 %
ROE-11.2 %88.5 %17.7 %14.7 %60.2 %
ROI-10.4 %89.4 %18.8 %15.6 %60.2 %
Economic value added (EVA)- 149.551 468.03520.90534.132 733.32
Solvency
Equity ratio62.6 %72.7 %65.3 %86.5 %97.0 %
Gearing
Relative net indebtedness %-89.9 %-75.5 %-87.0 %-82.1 %-113.3 %
Liquidity
Quick ratio2.73.72.97.433.5
Current ratio2.73.72.97.433.5
Cash and cash equivalents1 437.003 140.004 113.003 700.006 123.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %89.9 %77.5 %91.3 %82.4 %113.3 %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:56.0%
Rating: 98/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:97.0%
Rating: 78/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer
Chief executive officer
Board member

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