Mk Development Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Mk Development Holding ApS
Mk Development Holding ApS (CVR number: 40603085) is a company from HERNING. The company recorded a gross profit of -46.5 kDKK in 2023. The operating profit was -46.5 kDKK, while net earnings were -208.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -27.2 %, which can be considered poor and Return on Equity (ROE) was -48.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 52.2 %, 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. Mk Development Holding ApS's liquidity measured by quick ratio was 2.1 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -0.77 | - 155.55 | - 112.35 | -35.67 | -46.46 |
EBIT | -0.77 | - 230.55 | - 112.35 | -40.67 | -46.46 |
Net earnings | - 246.67 | - 142.28 | - 102.24 | -31.78 | - 208.27 |
Shareholders equity total | 920.09 | 722.51 | 620.27 | 531.29 | 323.02 |
Balance sheet total (assets) | 1 042.84 | 768.49 | 678.84 | 808.66 | 619.26 |
Net debt | 122.75 | -82.28 | -72.11 | -20.48 | -79.44 |
Profitability | |||||
EBIT-% | |||||
ROA | -23.7 % | 66.5 % | -13.8 % | -3.8 % | -27.2 % |
ROE | -26.8 % | -17.3 % | -15.2 % | -5.5 % | -48.8 % |
ROI | -23.7 % | 68.3 % | -14.9 % | -4.9 % | -45.4 % |
Economic value added (EVA) | -0.77 | - 171.60 | - 144.53 | -68.21 | -70.12 |
Solvency | |||||
Equity ratio | 88.2 % | 94.0 % | 91.4 % | 65.7 % | 52.2 % |
Gearing | 13.3 % | ||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.0 | 16.7 | 11.6 | 2.8 | 2.1 |
Current ratio | 0.0 | 16.7 | 11.6 | 2.8 | 2.1 |
Cash and cash equivalents | 82.28 | 72.11 | 20.48 | 79.44 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | C | B | BB | B |
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