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Tilgaard Glas ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Tilgaard Glas ApS
Tilgaard Glas ApS (CVR number: 38121766) is a company from HVIDOVRE. The company recorded a gross profit of 470.1 kDKK in 2025. The operating profit was -123.7 kDKK, while net earnings were -96.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -19.8 %, which can be considered poor and Return on Equity (ROE) was -24.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 65 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Tilgaard Glas ApS's liquidity measured by quick ratio was 2.4 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 391.29 | 482.59 | 833.51 | 723.63 | 470.11 |
| EBIT | 48.56 | -67.54 | 345.24 | 118.04 | - 123.65 |
| Net earnings | 37.09 | -55.50 | 266.54 | 90.61 | -96.57 |
| Shareholders equity total | 268.29 | 212.78 | 479.32 | 439.93 | 343.36 |
| Balance sheet total (assets) | 447.66 | 460.79 | 851.02 | 704.96 | 528.37 |
| Net debt | -30.83 | -89.71 | - 408.63 | -34.96 | - 197.96 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 10.4 % | -14.8 % | 53.0 % | 15.7 % | -19.8 % |
| ROE | 14.9 % | -23.1 % | 77.0 % | 19.7 % | -24.7 % |
| ROI | 15.3 % | -20.4 % | 78.7 % | 22.8 % | -29.0 % |
| Economic value added (EVA) | 23.33 | -72.90 | 249.73 | 58.77 | - 122.75 |
| Solvency | |||||
| Equity ratio | 59.9 % | 46.2 % | 56.3 % | 62.4 % | 65.0 % |
| Gearing | 13.1 % | ||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 3.4 | 2.3 | 2.7 | 2.4 | 2.4 |
| Current ratio | 3.4 | 2.3 | 2.7 | 2.4 | 2.5 |
| Cash and cash equivalents | 30.83 | 89.71 | 408.63 | 92.75 | 197.96 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BBB | B | BBB |
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