MID A/S — Credit Rating and Financial Key Figures

CVR number: 20677201
Poul Gerness Vej 64, 7430 Ikast
tel: 97250777
Free credit report Annual report

Company information

Official name
MID A/S
Personnel
1 person
Established
1998
Company form
Limited company
Industry

About MID A/S

MID A/S (CVR number: 20677201) is a company from IKAST-BRANDE. The company recorded a gross profit of 243.1 kDKK in 2024. The operating profit was 140.6 kDKK, while net earnings were 62.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.7 %, which can be considered excellent and Return on Equity (ROE) was 19.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -54.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. MID A/S'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 profit120.70149.63- 146.05118.59243.15
EBIT120.70149.63- 746.05118.59140.65
Net earnings106.73147.97- 745.0974.7362.67
Shareholders equity total174.00321.98- 423.11- 348.38- 285.71
Balance sheet total (assets)694.82744.10295.14399.44240.92
Net debt- 108.07- 239.56- 237.14- 258.18-46.93
Profitability
EBIT-%
ROA17.7 %20.8 %-101.2 %16.2 %22.7 %
ROE88.5 %59.7 %-241.5 %21.5 %19.6 %
ROI100.1 %59.8 %-453.4 %5566.8 %2746.5 %
Economic value added (EVA)117.32140.89- 762.46139.85117.15
Solvency
Equity ratio25.0 %43.3 %-58.9 %-46.6 %-54.3 %
Gearing1.4 %-1.2 %-2.2 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.70.40.40.3
Current ratio1.31.70.40.40.3
Cash and cash equivalents108.07244.10237.14262.4453.19
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBCBB

Variable visualization

ROA:22.7%
Rating: 78/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-54.3%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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