Kornvænget 2 ApS — Credit Rating and Financial Key Figures

CVR number: 40605509
Kornvænget 2, 8600 Silkeborg

Company information

Official name
Kornvænget 2 ApS
Established
2019
Company form
Private limited company
Industry

About Kornvænget 2 ApS

Kornvænget 2 ApS (CVR number: 40605509) is a company from SILKEBORG. The company recorded a gross profit of 283.3 kDKK in 2024. The operating profit was 283.3 kDKK, while net earnings were 119.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.8 %, which can be considered decent and Return on Equity (ROE) was 5.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 36.4 %, 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. Kornvænget 2 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 profit162.17216.6355.51359.52283.27
EBIT162.172 416.6355.51359.52283.27
Net earnings74.901 857.695.62150.94119.74
Shareholders equity total107.411 965.101 970.722 121.662 241.40
Balance sheet total (assets)2 804.015 212.245 980.875 748.666 151.14
Net debt2 533.492 512.562 950.612 689.102 592.04
Profitability
EBIT-%
ROA5.7 %60.3 %1.0 %6.1 %4.8 %
ROE107.1 %179.3 %0.3 %7.4 %5.5 %
ROI5.8 %61.1 %1.0 %6.3 %4.8 %
Economic value added (EVA)-16.401 747.05- 215.97-2.11-57.52
Solvency
Equity ratio3.8 %37.7 %33.0 %36.9 %36.4 %
Gearing2455.5 %138.1 %160.8 %138.4 %144.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.10.20.10.3
Current ratio0.10.10.20.10.3
Cash and cash equivalents104.01200.63217.93247.58650.07
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBA

Variable visualization

ROA:4.77%
Rating: 42/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:36.4%
Rating: 31/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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