HANDELSSELSKABET VÆGTEN 2 ApS — Credit Rating and Financial Key Figures

CVR number: 28976933
Havnevej 18, 9670 Løgstør
jeff_hurup@hotmail.com
tel: 98674866

Credit rating

Company information

Official name
HANDELSSELSKABET VÆGTEN 2 ApS
Established
2005
Company form
Private limited company
Industry

About HANDELSSELSKABET VÆGTEN 2 ApS

HANDELSSELSKABET VÆGTEN 2 ApS (CVR number: 28976933) is a company from VESTHIMMERLANDS. The company recorded a gross profit of -30.2 kDKK in 2023. The operating profit was -43.9 kDKK, while net earnings were -76.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.7 %, which can be considered poor and Return on Equity (ROE) was -21.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 13.1 %, 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. HANDELSSELSKABET VÆGTEN 2 ApS's liquidity measured by quick ratio was 0 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 sales163.82116.09
Gross profit-33.88-60.48-31.90-95.24-30.24
EBIT- 106.44- 611.36-43.04- 107.83-43.91
Net earnings- 306.72-86.08-44.31- 108.45-76.22
Shareholders equity total847.26515.56477.91376.11345.55
Balance sheet total (assets)7 945.172 599.612 598.782 581.992 631.29
Net debt7 008.052 005.092 044.922 141.392 207.61
Profitability
EBIT-%-65.0 %-526.6 %
ROA1.5 %0.4 %-1.7 %-4.2 %-1.7 %
ROE-31.3 %-12.6 %-8.9 %-25.4 %-21.1 %
ROI-3.6 %0.4 %-1.7 %-4.2 %-1.7 %
Economic value added (EVA)- 378.42- 694.29- 103.49- 166.34-99.55
Solvency
Equity ratio10.7 %19.8 %18.4 %14.6 %13.1 %
Gearing833.0 %396.3 %435.6 %576.3 %642.1 %
Relative net indebtedness %4302.6 %1762.6 %
Liquidity
Quick ratio0.00.00.00.00.0
Current ratio0.00.00.00.00.0
Cash and cash equivalents49.4137.8737.0425.9911.21
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-1622.7 %-1097.8 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:-1.68%
Rating: 18/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:13.1%
Rating: 13/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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