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PIA & BOYE LARSEN HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About PIA & BOYE LARSEN HOLDING ApS
PIA & BOYE LARSEN HOLDING ApS (CVR number: 29194610) is a company from GULDBORGSUND. The company recorded a gross profit of -0.8 kDKK in 2025. The operating profit was -0.8 kDKK, while net earnings were -400.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.9 %, which can be considered poor and Return on Equity (ROE) was -9.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 79.3 %, 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. PIA & BOYE LARSEN HOLDING ApS's liquidity measured by quick ratio was 1.5 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 | -8.13 | -8.13 | -8.13 | -8.13 | -0.84 |
| EBIT | -8.13 | -8.13 | -8.13 | -8.13 | -0.84 |
| Net earnings | 334.85 | 331.68 | 401.93 | 245.22 | - 400.72 |
| Shareholders equity total | 3 852.34 | 4 154.02 | 4 555.95 | 4 679.18 | 4 143.46 |
| Balance sheet total (assets) | 4 170.84 | 4 223.35 | 4 632.53 | 4 688.24 | 5 224.95 |
| Net debt | 98.86 | - 124.11 | - 575.97 | - 602.34 | - 517.14 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 8.5 % | 8.0 % | 9.2 % | 5.3 % | -7.9 % |
| ROE | 9.1 % | 8.3 % | 9.2 % | 5.3 % | -9.1 % |
| ROI | 8.6 % | 8.1 % | 9.4 % | 5.4 % | -7.9 % |
| Economic value added (EVA) | - 203.19 | - 215.51 | - 216.86 | - 236.06 | - 235.84 |
| Solvency | |||||
| Equity ratio | 92.4 % | 98.4 % | 98.3 % | 99.8 % | 79.3 % |
| Gearing | 7.1 % | 0.0 % | 26.0 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.1 | 12.8 | 11.6 | 76.3 | 1.5 |
| Current ratio | 2.1 | 12.8 | 11.6 | 76.3 | 1.5 |
| Cash and cash equivalents | 175.96 | 124.11 | 575.97 | 603.39 | 1 596.11 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | AA | AA | A |
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