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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 -101 kDKK in 2024. The operating profit was -262.8 kDKK, while net earnings were -302.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -17.3 %, which can be considered poor and Return on Equity (ROE) was -56.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 28.4 %, 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. MIDDELGADE 10 ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | - 327.23 | -93.46 | - 125.67 | - 225.32 | - 100.95 |
| EBIT | - 423.99 | - 113.19 | - 409.28 | - 393.26 | - 262.78 |
| Net earnings | - 603.95 | -78.65 | - 423.90 | - 414.30 | - 302.36 |
| Shareholders equity total | 1 603.38 | 1 524.72 | 1 100.82 | 686.52 | 384.17 |
| Balance sheet total (assets) | 2 140.19 | 2 201.73 | 2 083.03 | 1 536.23 | 1 351.35 |
| Net debt | 497.78 | 407.39 | 414.62 | 412.04 | 187.29 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -18.9 % | -3.0 % | -17.6 % | -20.4 % | -17.3 % |
| ROE | -31.7 % | -5.0 % | -32.3 % | -46.4 % | -56.5 % |
| ROI | -19.2 % | -3.2 % | -21.9 % | -28.1 % | -29.7 % |
| Economic value added (EVA) | - 537.02 | - 224.05 | - 503.19 | - 469.46 | - 318.58 |
| Solvency | |||||
| Equity ratio | 74.9 % | 69.3 % | 52.8 % | 44.7 % | 28.4 % |
| Gearing | 31.1 % | 26.7 % | 37.8 % | 61.7 % | 48.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 4.0 | 2.8 | 1.5 | 1.3 | 0.6 |
| Current ratio | 4.0 | 2.8 | 1.5 | 1.3 | 0.6 |
| Cash and cash equivalents | 0.08 | 0.02 | 0.94 | 11.84 | 0.26 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | B | B |
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