MEC Merchandise ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MEC Merchandise ApS
MEC Merchandise ApS (CVR number: 40102299) is a company from KØBENHAVN. The company recorded a gross profit of 4267.5 kDKK in 2024, demonstrating a growth of 105.8 % compared to the previous year. The operating profit was 582.6 kDKK, while net earnings were 439.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.7 %, which can be considered excellent and Return on Equity (ROE) was 37 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. MEC Merchandise ApS's liquidity measured by quick ratio was 1.7 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 4 011.26 | ||||
Gross profit | 1 692.43 | 1 578.99 | 1 687.05 | 2 073.84 | 4 267.54 |
EBIT | 509.28 | 101.75 | - 305.65 | 301.53 | 582.57 |
Net earnings | 431.72 | 254.43 | - 320.05 | 128.78 | 439.72 |
Shareholders equity total | 1 135.42 | 1 089.86 | 769.81 | 968.99 | 1 408.72 |
Balance sheet total (assets) | 1 877.82 | 2 345.04 | 1 686.03 | 3 080.26 | 3 902.04 |
Net debt | - 964.62 | -1.95 | - 328.31 | 1 272.75 | 577.42 |
Profitability | |||||
EBIT-% | 7.5 % | ||||
ROA | 29.1 % | 16.1 % | -15.2 % | 18.4 % | 16.7 % |
ROE | 46.9 % | 22.9 % | -34.4 % | 14.8 % | 37.0 % |
ROI | 37.9 % | 21.9 % | -20.0 % | 8.8 % | 21.1 % |
Economic value added (EVA) | 313.41 | 13.96 | - 396.10 | 171.72 | 323.22 |
Solvency | |||||
Equity ratio | 60.5 % | 46.5 % | 45.7 % | 31.5 % | 36.1 % |
Gearing | 14.5 % | 65.2 % | 64.1 % | 169.4 % | 107.2 % |
Relative net indebtedness % | 43.4 % | ||||
Liquidity | |||||
Quick ratio | 2.1 | 1.5 | 1.3 | 1.5 | 1.7 |
Current ratio | 2.1 | 1.5 | 1.3 | 1.5 | 1.7 |
Cash and cash equivalents | 1 129.20 | 712.05 | 821.57 | 368.82 | 932.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 6.2 | ||||
Net working capital % | 23.9 % | ||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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