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Morning Construct Europe ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Morning Construct Europe ApS
Morning Construct Europe ApS (CVR number: 29777632) is a company from FREDERICIA. The company recorded a gross profit of -54.6 kDKK in 2025. The operating profit was -54.6 kDKK, while net earnings were -45.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.1 %, which can be considered poor and Return on Equity (ROE) was -5.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 46.3 %, 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. Morning Construct Europe ApS's liquidity measured by quick ratio was 1.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 4 843.00 | 6 643.00 | 8 460.00 | 1 026.00 | -54.61 |
| EBIT | -1 028.00 | 249.00 | 2 993.00 | 772.00 | -54.61 |
| Net earnings | - 861.00 | 135.00 | 2 259.00 | 591.00 | -45.52 |
| Shareholders equity total | 885.00 | 260.00 | 2 519.00 | 811.00 | 765.27 |
| Balance sheet total (assets) | 2 851.00 | 3 504.00 | 9 138.00 | 1 031.00 | 1 653.00 |
| Net debt | 768.00 | 122.00 | - 115.00 | - 141.00 | 645.68 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -28.1 % | 7.8 % | 47.4 % | 15.2 % | -3.1 % |
| ROE | -65.5 % | 23.6 % | 162.6 % | 35.5 % | -5.8 % |
| ROI | -42.9 % | 23.4 % | 200.5 % | 46.2 % | -3.5 % |
| Economic value added (EVA) | - 974.38 | 106.88 | 2 288.85 | 473.79 | -85.45 |
| Solvency | |||||
| Equity ratio | 31.0 % | 7.4 % | 32.9 % | 78.7 % | 46.3 % |
| Gearing | 89.2 % | 73.5 % | 0.6 % | 107.7 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.3 | 1.0 | 1.7 | 4.5 | 1.9 |
| Current ratio | 1.3 | 1.0 | 1.4 | 4.5 | 1.9 |
| Cash and cash equivalents | 21.00 | 69.00 | 130.00 | 141.00 | 178.68 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | B | B | B | BB | BBB |
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