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HS METALSERVICE ApS — Credit Rating and Financial Key Figures

CVR number: 77579028
Kongensgade 58 C, 5000 Odense C
heidi.schweers@me.com
tel: 60958651

Income statement (mDKK)

2013
2014
2015
2016
2017
Fiscal period length1212121212
Net sales2 836.913 168.153 456.493 900.594 307.62
Change in finished goods inventory41.65107.1514.32111.4581.59
Other operating income5.086.606.738.6911.63
Costs of manufacturing-2 402.98-2 766.62-2 919.34-3 400.78-3 728.05
External services-79.87-89.36-85.45- 102.87- 110.60
Gross profit400.79425.92472.76517.09562.20
Employee benefit expenses- 244.23- 265.01- 290.14- 327.94- 357.89
Other operating expenses-0.15
Total depreciation-29.86-32.59-26.87-26.82-28.90
EBIT126.70128.31155.75162.32175.27
Other financial income13.2913.3611.269.098.96
Other financial expenses-18.06-14.19-21.99-11.54-18.08
Pre-tax profit121.92127.47145.02159.87166.15
Income taxes-32.45-33.79-30.82-37.55-38.12
Net earnings89.4793.68114.20122.31128.03

Assets (mDKK)

2013
2014
2015
2016
2017
Intangible rights1.052.063.144.337.35
Goodwill12.556.858.345.924.11
Intangible assets total13.608.9111.4810.2511.46
Land and waters156.62150.93186.75187.25165.28
Machinery and equipment48.4060.0850.1065.6160.12
Advance payments and construction in progress18.991.45
Tangible assets total224.01212.46236.85252.85225.40
Holdings in group member companies0.101.001.00
Investments total0.101.001.00
Long term receivables total
Finished products/goods386.84494.22504.54606.41694.07
Inventories total386.84494.22504.54606.41694.07
Current trade debtors501.31604.32600.50721.20762.92
Current owed by particip. interest comp.2.79
Prepayments and accrued income3.192.431.844.432.26
Current other receivables14.2511.188.2717.2318.19
Current deferred tax assets6.280.050.56
Short term receivables total525.03617.94613.45743.42783.37
Other current investments98.36105.6387.92138.16139.13
Cash and bank deposits50.8344.5971.0123.2371.73
Cash and cash equivalents149.19150.22158.93161.40210.86
Balance sheet total (assets)1 298.671 483.751 525.351 775.331 926.16

Equity and liabilities (mDKK)

2013
2014
2015
2016
2017
Share capital1.001.001.001.001.00
Shares repurchased3.5015.50
Other reserves-99.82- 114.30
Retained earnings396.22458.71496.10534.13616.05
Profit of the financial year89.4793.68114.20122.31128.03
Minority interest (BS)99.82114.30134.32115.59137.45
Shareholders equity total486.69556.89761.13773.03882.53
Provisions99.820.346.5512.60
Capital loans0.54
Non-current loans from credit institutions107.69102.22105.3497.1599.16
Non-current leasing loans3.471.56
Non-current other liabilities1.081.22
Non-current deferred tax liabilities13.838.03
Non-current liabilities total111.70103.78106.42112.20107.19
Current bonds0.94
Current loans from credit institutions313.79383.53358.68525.89583.39
Current trade creditors128.67166.34148.54200.56173.50
Current owed to participating18.787.573.64
Short-term deferred tax liabilities9.144.432.877.11
Other non-interest bearing current liabilities125.64139.51138.53157.09159.84
Accruals and deferred income3.507.055.55
Current liabilities total600.47708.44657.80883.54923.84
Balance sheet total (liabilities)1 298.671 369.451 525.351 775.331 926.16
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