Makeen Gas Solutions A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Makeen Gas Solutions A/S
Makeen Gas Solutions A/S (CVR number: 25690869K) is a company from RANDERS. The company reported a net sales of 982.3 mDKK in 2024, demonstrating a decline of -10.6 % compared to the previous year. The operating profit percentage was at 0.9 % (EBIT: 8.8 mDKK), while net earnings were 4342 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.1 %, which can be considered weak and Return on Equity (ROE) was 1.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 49.9 %, 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. Makeen Gas Solutions A/S's liquidity measured by quick ratio was 1.6 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 894.60 | 871.83 | 946.43 | 1 098.76 | 982.27 |
Gross profit | 210.60 | 179.68 | 177.56 | 222.27 | 161.10 |
EBIT | 58.20 | 46.72 | 14.73 | 50.82 | 8.77 |
Net earnings | 38.82 | 9.57 | 37.53 | 4.34 | |
Shareholders equity total | 248.70 | 297.87 | 280.93 | 314.94 | 321.70 |
Balance sheet total (assets) | 50.09 | 744.47 | 707.42 | 736.19 | 747.63 |
Net debt | -50.09 | 0.50 | -18.00 | -12.61 | 16.92 |
Profitability | |||||
EBIT-% | 6.5 % | 5.4 % | 1.6 % | 4.6 % | 0.9 % |
ROA | 116.2 % | 16.2 % | 4.3 % | 8.2 % | 3.1 % |
ROE | 14.3 % | 3.4 % | 12.8 % | 1.4 % | |
ROI | 116.2 % | 26.5 % | 7.8 % | 15.1 % | 5.3 % |
Economic value added (EVA) | 46.29 | 19.04 | -11.53 | 22.55 | -14.36 |
Solvency | |||||
Equity ratio | 100.0 % | 46.3 % | 47.0 % | 49.0 % | 49.9 % |
Gearing | 36.4 % | 17.2 % | 15.8 % | 25.2 % | |
Relative net indebtedness % | -5.6 % | 35.2 % | 34.0 % | 28.6 % | 32.0 % |
Liquidity | |||||
Quick ratio | 1.4 | 1.5 | 1.4 | 1.6 | |
Current ratio | 1.3 | 1.4 | 1.5 | 1.6 | |
Cash and cash equivalents | 50.09 | 107.82 | 66.32 | 62.30 | 64.14 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 71.0 | 57.6 | 48.7 | 54.7 | |
Net working capital % | 5.6 % | 15.9 % | 15.2 % | 16.2 % | 20.7 % |
Credit risk | |||||
Credit rating | B | AA | AA | AA | AA |
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