VIRRING ELEKTROGALVANISERING ApS

CVR number: 17329693
Gammelgårdsvej 2-4, Virring 8660 Skanderborg
tel: 86927181

Credit rating

Company information

Official name
VIRRING ELEKTROGALVANISERING ApS
Established
1993
Domicile
Virring
Company form
Private limited company
Industry
  • Expand more icon25Manufacture of fabricated metal products, except machinery and equipment

About VIRRING ELEKTROGALVANISERING ApS

VIRRING ELEKTROGALVANISERING ApS (CVR number: 17329693) is a company from SKANDERBORG. The company recorded a gross profit of -98.9 kDKK in 2023. The operating profit was -98.9 kDKK, while net earnings were -143.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.6 %, which can be considered poor and Return on Equity (ROE) was -71.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 7.4 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. VIRRING ELEKTROGALVANISERING ApS's liquidity measured by quick ratio was 0.1 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
20192020202120222023
Volume
Net sales
Gross profit-81.60-99.75-99.62- 101.41-98.91
EBIT-81.60-99.75-99.62- 101.41-98.91
Net earnings- 141.59- 154.09- 151.02- 146.46- 143.35
Shareholders equity total200.00200.00200.00200.00200.00
Balance sheet total (assets)3 068.852 966.102 887.132 724.492 711.30
Net debt1 921.121 917.851 956.491 918.391 912.50
Profitability
EBIT-%
ROA-2.6 %-3.3 %-3.4 %-3.6 %-3.6 %
ROE-70.8 %-77.0 %-75.5 %-73.2 %-71.7 %
ROI-2.6 %-3.3 %-3.4 %-3.6 %-3.7 %
Economic value added (EVA)-39.13-62.36-68.91-76.23-80.54
Solvency
Equity ratio6.5 %6.7 %6.9 %7.3 %7.4 %
Gearing1214.2 %1146.5 %1106.8 %1025.5 %1018.8 %
Relative net indebtedness %
Liquidity
Quick ratio26.00.20.20.10.1
Current ratio26.00.20.20.10.1
Cash and cash equivalents507.31375.09257.09132.54125.04
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:-3.64%
Rating: 16/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:7.38%
Rating: 8/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

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