Muchbetter ApS — Credit Rating and Financial Key Figures

CVR number: 40358293
Vejle Landevej 29, Brovad 7000 Fredericia
Thomas@muchbetter-golf.dk
tel: 28253280
www.muchbetter-golf.dk

Credit rating

Company information

Official name
Muchbetter ApS
Personnel
10 persons
Established
2019
Domicile
Brovad
Company form
Private limited company
Industry

About Muchbetter ApS

Muchbetter ApS (CVR number: 40358293) is a company from FREDERICIA. The company recorded a gross profit of 1242.1 kDKK in 2024. The operating profit was 317.3 kDKK, while net earnings were 147.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.7 %, which can be considered good and Return on Equity (ROE) was 14.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 35.2 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Muchbetter ApS's liquidity measured by quick ratio was 0.4 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 profit249.87657.281 286.571 274.121 242.10
EBIT146.84229.80420.11451.26317.30
Net earnings109.06153.00305.60308.97147.50
Shareholders equity total157.60310.61616.20925.171 072.67
Balance sheet total (assets)1 271.392 541.752 535.683 584.193 046.43
Net debt- 616.56- 506.07- 450.44290.12384.39
Profitability
EBIT-%
ROA15.5 %12.1 %16.6 %14.8 %9.7 %
ROE105.8 %65.4 %65.9 %40.1 %14.8 %
ROI142.3 %96.2 %87.8 %36.3 %17.7 %
Economic value added (EVA)110.09168.50305.31313.49136.68
Solvency
Equity ratio12.4 %12.7 %24.3 %25.8 %35.2 %
Gearing98.0 %63.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.90.40.50.30.4
Current ratio1.11.11.21.31.4
Cash and cash equivalents616.56506.07450.44616.15291.91
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:9.65%
Rating: 56/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:35.2%
Rating: 30/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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