LARS BILGAARD HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About LARS BILGAARD HOLDING ApS
LARS BILGAARD HOLDING ApS (CVR number: 32345247) is a company from ODENSE. The company reported a net sales of 1.4 mDKK in 2024, demonstrating a growth of 167 % compared to the previous year. The operating profit percentage was at 108.7 % (EBIT: 1.5 mDKK), while net earnings were 1201.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 26.6 %, which can be considered excellent and Return on Equity (ROE) was 29 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 76.6 %, 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. LARS BILGAARD HOLDING ApS's liquidity measured by quick ratio was 2.6 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 689.53 | 540.56 | 1 017.19 | 508.33 | 1 357.46 |
| Gross profit | 833.97 | 706.59 | 1 167.62 | 515.66 | 1 499.54 |
| EBIT | 814.00 | 686.62 | 1 147.65 | 494.82 | 1 475.71 |
| Net earnings | 663.04 | 510.42 | 976.87 | 367.45 | 1 201.92 |
| Shareholders equity total | 1 986.11 | 2 440.03 | 3 266.91 | 3 575.46 | 4 716.38 |
| Balance sheet total (assets) | 3 742.30 | 4 042.16 | 4 794.65 | 4 928.03 | 6 160.41 |
| Net debt | 855.63 | 659.40 | 707.75 | 988.34 | 593.08 |
| Profitability | |||||
| EBIT-% | 118.1 % | 127.0 % | 112.8 % | 97.3 % | 108.7 % |
| ROA | 23.3 % | 17.6 % | 26.0 % | 10.4 % | 26.6 % |
| ROE | 39.4 % | 23.1 % | 34.2 % | 10.7 % | 29.0 % |
| ROI | 25.3 % | 18.6 % | 27.0 % | 10.6 % | 27.3 % |
| Economic value added (EVA) | 546.57 | 369.22 | 814.26 | 155.68 | 979.80 |
| Solvency | |||||
| Equity ratio | 53.1 % | 60.4 % | 68.1 % | 72.6 % | 76.6 % |
| Gearing | 77.2 % | 59.1 % | 41.2 % | 35.5 % | 25.0 % |
| Relative net indebtedness % | 156.5 % | 151.7 % | 87.6 % | 210.6 % | 58.8 % |
| Liquidity | |||||
| Quick ratio | 2.5 | 3.7 | 3.6 | 5.6 | 2.6 |
| Current ratio | 2.5 | 3.7 | 3.6 | 5.6 | 2.6 |
| Cash and cash equivalents | 676.76 | 782.24 | 636.74 | 281.90 | 584.62 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | 79.1 % | 139.4 % | 69.6 % | 161.2 % | 32.5 % |
| Credit risk | |||||
| Credit rating | A | A | AA | A | AA |
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