LARS VITTRUP HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 33149506
Kammavej 12, 5500 Middelfart
lv@tqi.dk
tel: 30937761

Credit rating

Company information

Official name
LARS VITTRUP HOLDING ApS
Established
2010
Company form
Private limited company
Industry

About LARS VITTRUP HOLDING ApS

LARS VITTRUP HOLDING ApS (CVR number: 33149506) is a company from MIDDELFART. The company recorded a gross profit of -13.4 kDKK in 2023, demonstrating a growth of 98.2 % compared to the previous year. The operating profit was -13.4 kDKK, while net earnings were -421.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.2 %, which can be considered decent but Return on Equity (ROE) was -44.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 58.8 %, 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. LARS VITTRUP HOLDING ApS's liquidity measured by quick ratio was 1.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales715.60- 749.97
Gross profit-9.03706.78-2.97- 759.50-13.44
EBIT- 152.82562.99- 146.76- 759.50-13.44
Net earnings- 154.07586.79- 165.27- 729.42- 421.56
Shareholders equity total1 868.422 305.212 026.941 183.12701.56
Balance sheet total (assets)2 954.022 571.902 593.721 748.831 194.07
Net debt896.47106.52139.1574.866.39
Profitability
EBIT-%78.7 %
ROA-4.2 %21.5 %-5.7 %-33.1 %7.2 %
ROE-7.6 %28.1 %-7.6 %-45.4 %-44.7 %
ROI-4.5 %23.0 %-6.4 %-42.0 %10.8 %
Economic value added (EVA)- 278.14519.88- 210.21- 811.25-54.48
Solvency
Equity ratio63.3 %89.6 %78.1 %67.7 %58.8 %
Gearing48.2 %4.6 %7.1 %6.4 %1.1 %
Relative net indebtedness %37.2 %-75.4 %
Liquidity
Quick ratio1.34.31.31.31.4
Current ratio1.34.31.31.31.4
Cash and cash equivalents3.530.335.310.291.05
Capital use efficiency
Trade debtors turnover (days)
Net working capital %94.4 %-20.7 %
Credit risk
Credit ratingBBBABBBBBBBB

Variable visualization

ROA:7.19%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:58.8%
Rating: 46/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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