HJ-ECONOMY ApS — Credit Rating and Financial Key Figures

CVR number: 24219380
Juelsvej 10, 4390 Vipperød
helle@hj-economy.dk
tel: 40538110

Credit rating

Company information

Official name
HJ-ECONOMY ApS
Personnel
1 person
Established
1999
Company form
Private limited company
Industry

About HJ-ECONOMY ApS

HJ-ECONOMY ApS (CVR number: 24219380) is a company from HOLBÆK. The company reported a net sales of 1.3 mDKK in 2023, demonstrating a growth of 70.6 % compared to the previous year. The operating profit percentage was at 8.7 % (EBIT: 0.1 mDKK), while net earnings were 108.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.8 %, which can be considered good but Return on Equity (ROE) was 33.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 28.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. HJ-ECONOMY ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales882.98743.44941.59782.691 334.88
Gross profit388.49358.26434.62435.81745.84
EBIT20.6227.3658.5421.62115.70
Net earnings31.7623.9750.798.02108.15
Shareholders equity total190.06214.03264.82272.84381.00
Balance sheet total (assets)481.31330.96405.65355.621 326.44
Net debt- 153.86- 214.55- 142.16- 240.1414.19
Profitability
EBIT-%2.3 %3.7 %6.2 %2.8 %8.7 %
ROA8.5 %6.7 %15.9 %5.7 %13.8 %
ROE18.2 %11.9 %21.2 %3.0 %33.1 %
ROI18.7 %13.5 %24.5 %8.0 %20.8 %
Economic value added (EVA)20.9325.5452.649.19112.99
Solvency
Equity ratio39.5 %64.7 %65.3 %76.7 %28.7 %
Gearing121.8 %
Relative net indebtedness %15.6 %-13.1 %-0.1 %-20.1 %37.1 %
Liquidity
Quick ratio1.62.72.84.10.6
Current ratio1.62.72.84.10.6
Cash and cash equivalents153.86214.55142.16240.14449.97
Capital use efficiency
Trade debtors turnover (days)127.047.396.345.035.6
Net working capital %19.2 %26.1 %26.5 %32.9 %-26.8 %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:13.8%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:28.7%
Rating: 25/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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