Vindtestcenter Måde K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Vindtestcenter Måde K/S
Vindtestcenter Måde K/S (CVR number: 36911727) is a company from GLADSAXE. The company reported a net sales of 4 mEUR in 2023, demonstrating a decline of -59.6 % compared to the previous year. The operating profit percentage was at 47.1 % (EBIT: 1.9 mEUR), while net earnings were 1182.6 kEUR. The profitability of the company measured by Return on Assets (ROA) was 6.9 %, which can be considered decent but Return on Equity (ROE) was 10 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 39.3 %, 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. Vindtestcenter Måde K/S's liquidity measured by quick ratio was 2.9 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 financialsNet sales (kEUR)
EBIT (kEUR)
Profitability
Solidity
Key figures (kEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 4 693.89 | 3 247.35 | 4 875.82 | 9 869.56 | 3 982.53 |
Gross profit | 4 536.22 | 2 946.23 | 4 229.91 | 8 744.90 | 2 949.50 |
EBIT | 3 461.51 | 1 871.52 | 3 155.20 | 7 670.19 | 1 874.79 |
Net earnings | 2 973.16 | 1 256.38 | 3 222.21 | 6 700.55 | 1 182.63 |
Shareholders equity total | 12 114.81 | 2 896.44 | 4 989.93 | 11 219.93 | 12 402.56 |
Balance sheet total (assets) | 27 691.33 | 28 598.70 | 26 383.66 | 24 658.67 | 31 583.46 |
Net debt | 13 531.02 | 23 832.78 | 20 779.36 | 12 336.35 | 18 281.94 |
Profitability | |||||
EBIT-% | 73.7 % | 57.6 % | 64.7 % | 77.7 % | 47.1 % |
ROA | 11.4 % | 7.0 % | 14.3 % | 30.6 % | 6.9 % |
ROE | 34.4 % | 16.7 % | 81.7 % | 82.7 % | 10.0 % |
ROI | 12.1 % | 7.4 % | 14.8 % | 31.2 % | 6.9 % |
Economic value added (EVA) | 1 792.49 | 571.71 | 1 800.95 | 6 364.18 | 661.53 |
Solvency | |||||
Equity ratio | 43.7 % | 10.1 % | 18.9 % | 45.5 % | 39.3 % |
Gearing | 111.7 % | 822.8 % | 416.4 % | 113.2 % | 151.1 % |
Relative net indebtedness % | 327.1 % | 784.7 % | 434.2 % | 130.2 % | 464.5 % |
Liquidity | |||||
Quick ratio | 0.1 | 0.1 | 3.0 | 2.2 | 2.9 |
Current ratio | 0.1 | 0.1 | 3.0 | 2.2 | 2.9 |
Cash and cash equivalents | 367.31 | 460.21 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 36.7 | 36.0 | 73.6 | 51.9 | 61.2 |
Net working capital % | -207.9 % | -611.7 % | 21.1 % | 13.5 % | 42.2 % |
Credit risk | |||||
Credit rating | A | A | AA | AA | AAA |
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