Tech Group Nordic ApS — Credit Rating and Financial Key Figures

CVR number: 34214409
Søndre Ringvej 39, 2605 Brøndby

Credit rating

Company information

Official name
Tech Group Nordic ApS
Established
2011
Company form
Private limited company
Industry

About Tech Group Nordic ApS

Tech Group Nordic ApS (CVR number: 34214409) is a company from BRØNDBY. The company recorded a gross profit of -111.6 kDKK in 2023. The operating profit was -111.6 kDKK, while net earnings were 11.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 25.6 %, which can be considered excellent and Return on Equity (ROE) was 33.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 69.6 %, 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. Tech Group Nordic ApS's liquidity measured by quick ratio was 0.3 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-40.63-39.88-68.508.17- 111.56
EBIT-40.63-39.88-68.508.17- 111.56
Net earnings9 524.1113 030.888 963.568 752.3211 851.03
Shareholders equity total30 912.0737 942.9539 406.5240 658.8430 009.86
Balance sheet total (assets)41 213.1054 241.0552 754.2450 208.6842 313.59
Net debt5 639.7611 422.428 731.714 892.065 594.13
Profitability
EBIT-%
ROA24.6 %27.7 %17.1 %17.4 %25.6 %
ROE32.7 %37.9 %23.2 %21.9 %33.5 %
ROI27.6 %30.7 %18.7 %19.1 %29.4 %
Economic value added (EVA)1 108.151 269.491 903.131 521.911 391.91
Solvency
Equity ratio75.0 %70.0 %74.7 %81.0 %69.6 %
Gearing18.5 %30.3 %22.4 %12.3 %18.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.80.20.70.60.3
Current ratio0.80.20.70.60.3
Cash and cash equivalents77.0492.4282.89105.9625.18
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:25.6%
Rating: 81/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:69.6%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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