MIDDELGADE 10 ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIDDELGADE 10 ApS
MIDDELGADE 10 ApS (CVR number: 26425220) is a company from AALBORG. The company recorded a gross profit of -225.3 kDKK in 2023. The operating profit was -393.3 kDKK, while net earnings were -414.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -20.4 %, which can be considered poor and Return on Equity (ROE) was -46.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. MIDDELGADE 10 ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 306.52 | - 327.23 | -93.46 | - 125.67 | - 225.32 |
EBIT | - 336.38 | - 423.99 | - 113.19 | - 409.28 | - 393.26 |
Net earnings | -1 014.34 | - 603.95 | -78.65 | - 423.90 | - 414.30 |
Shareholders equity total | 2 207.33 | 1 603.38 | 1 524.72 | 1 100.82 | 686.52 |
Balance sheet total (assets) | 2 275.69 | 2 140.19 | 2 201.73 | 2 083.03 | 1 536.23 |
Net debt | -1 063.89 | 497.78 | 407.39 | 414.62 | 412.04 |
Profitability | |||||
EBIT-% | |||||
ROA | -10.1 % | -18.9 % | -3.0 % | -17.6 % | -20.4 % |
ROE | -36.7 % | -31.7 % | -5.0 % | -32.3 % | -46.4 % |
ROI | -10.2 % | -19.2 % | -3.2 % | -21.9 % | -28.1 % |
Economic value added (EVA) | - 152.14 | - 479.34 | - 199.03 | - 482.54 | - 448.53 |
Solvency | |||||
Equity ratio | 97.0 % | 74.9 % | 69.3 % | 52.8 % | 44.7 % |
Gearing | 1.9 % | 31.1 % | 26.7 % | 37.8 % | 61.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 33.3 | 4.0 | 2.8 | 1.5 | 1.3 |
Current ratio | 33.3 | 4.0 | 2.8 | 1.5 | 1.3 |
Cash and cash equivalents | 1 105.89 | 0.08 | 0.02 | 0.94 | 11.84 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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