MIDTVEST IT HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 33650361
Guldborgvej 3, 7400 Herning

Company information

Official name
MIDTVEST IT HOLDING ApS
Established
2011
Company form
Private limited company
Industry

About MIDTVEST IT HOLDING ApS

MIDTVEST IT HOLDING ApS (CVR number: 33650361) is a company from HERNING. The company reported a net sales of 0.8 mDKK in 2024, demonstrating a growth of 44.4 % compared to the previous year. The operating profit percentage was at 98.2 % (EBIT: 0.8 mDKK), while net earnings were 910.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.8 %, which can be considered good and Return on Equity (ROE) was 14.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 98.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MIDTVEST IT HOLDING ApS's liquidity measured by quick ratio was 41.6 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
2020
2021
2022
2023
2024
Volume
Net sales888.00801.00262.00541.00780.99
Gross profit879.00789.00240.00528.00766.62
EBIT879.00789.00240.00528.00766.62
Net earnings1 742.001 272.0026.00777.00910.37
Shareholders equity total7 948.009 164.005 190.005 908.006 757.09
Balance sheet total (assets)8 336.009 671.005 414.006 035.006 879.60
Net debt-5 582.00-6 933.00-3 574.00-4 269.00-5 012.83
Profitability
EBIT-%99.0 %98.5 %91.6 %97.6 %98.2 %
ROA25.8 %15.8 %10.7 %15.0 %14.8 %
ROE23.2 %14.9 %0.4 %14.0 %14.4 %
ROI25.8 %15.8 %10.8 %15.0 %15.0 %
Economic value added (EVA)804.13771.43229.29505.72780.33
Solvency
Equity ratio95.3 %94.8 %95.9 %97.9 %98.2 %
Gearing4.8 %5.4 %4.1 %2.0 %
Relative net indebtedness %-627.7 %-864.0 %-1359.2 %-787.6 %-626.2 %
Liquidity
Quick ratio15.514.718.335.441.6
Current ratio15.514.718.335.441.6
Cash and cash equivalents5 962.007 428.003 785.004 388.005 012.83
Capital use efficiency
Trade debtors turnover (days)
Net working capital %179.7 %358.1 %545.0 %390.4 %365.3 %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:14.8%
Rating: 66/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:98.2%
Rating: 79/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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