KORSGAARD ApS — Credit Rating and Financial Key Figures

CVR number: 26880955
Gl. Refsvej 11 B, 7760 Hurup Thy
korsgaard@windowslive.com
tel: 93405001

Credit rating

Company information

Official name
KORSGAARD ApS
Personnel
2 persons
Established
2002
Company form
Private limited company
Industry

About KORSGAARD ApS

KORSGAARD ApS (CVR number: 26880955) is a company from THISTED. The company recorded a gross profit of -28.6 kDKK in 2023. The operating profit was -298 kDKK, while net earnings were -276.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6.1 %, which can be considered poor and Return on Equity (ROE) was -6.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. KORSGAARD ApS's liquidity measured by quick ratio was 217.8 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-10.99-13.71-15.24-15.58-28.58
EBIT-10.99-13.71-15.24-15.58- 298.00
Net earnings1 642.28- 850.81574.08-1 215.18- 276.58
Shareholders equity total7 906.415 855.606 029.674 700.094 364.61
Balance sheet total (assets)8 063.215 865.766 051.054 710.864 379.90
Net debt-8 063.21-5 865.76-6 029.05-4 688.86-3 302.04
Profitability
EBIT-%
ROA24.2 %11.9 %9.7 %-0.1 %-6.1 %
ROE22.5 %-12.4 %9.7 %-22.7 %-6.1 %
ROI24.6 %12.1 %9.8 %-0.1 %-6.1 %
Economic value added (EVA)-8.25-5.83-14.73-15.62- 298.56
Solvency
Equity ratio98.1 %99.8 %99.6 %99.8 %99.7 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio51.4576.9283.0437.3217.8
Current ratio51.4576.9283.0437.3217.8
Cash and cash equivalents8 063.215 865.766 029.054 688.863 302.04
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBABBBB

Variable visualization

ROA:-6.06%
Rating: 14/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.7%
Rating: 95/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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