SOLSMEDEN HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 33600283
Fredensborgvej 14 D, 3080 Tikøb
ej@solcellespecialisten.dk
tel: 20439925

Company information

Official name
SOLSMEDEN HOLDING ApS
Personnel
1 person
Established
2011
Company form
Private limited company
Industry

About SOLSMEDEN HOLDING ApS

SOLSMEDEN HOLDING ApS (CVR number: 33600283) is a company from HELSINGØR. The company recorded a gross profit of 1123.4 kDKK in 2023. The operating profit was 1059.1 kDKK, while net earnings were 1875.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 23.4 %, which can be considered excellent and Return on Equity (ROE) was 34.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 71.4 %, 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. SOLSMEDEN HOLDING ApS's liquidity measured by quick ratio was 3.3 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit161.44160.83219.50474.331 123.40
EBIT73.32125.13183.80441.861 059.12
Net earnings4.02-33.04- 767.83206.991 875.67
Shareholders equity total4 637.234 483.393 729.234 601.086 362.35
Balance sheet total (assets)6 485.556 339.585 499.179 458.748 913.37
Net debt1 580.881 669.711 547.104 676.162 282.12
Profitability
EBIT-%
ROA0.5 %-0.0 %-12.4 %6.2 %23.4 %
ROE0.1 %-0.7 %-18.7 %5.0 %34.2 %
ROI0.5 %-0.0 %-12.6 %6.3 %23.8 %
Economic value added (EVA)- 119.50-64.57-9.20219.41556.51
Solvency
Equity ratio71.5 %70.7 %67.8 %48.7 %71.4 %
Gearing37.3 %38.4 %41.9 %102.6 %37.3 %
Relative net indebtedness %
Liquidity
Quick ratio14.48.911.00.63.3
Current ratio14.48.911.00.63.3
Cash and cash equivalents147.3554.0616.0745.5393.05
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:23.4%
Rating: 79/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:71.4%
Rating: 54/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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