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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 -35 kDKK in 2025. The operating profit was -35 kDKK, while net earnings were 13.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.2 %, which can be considered decent and Return on Equity (ROE) was 6.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 22.8 %, 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. Mk Development Holding ApS's liquidity measured by quick ratio was 1.7 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 financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | - 112.35 | -35.67 | -46.46 | -38.51 | -35.04 |
| EBIT | - 112.35 | -40.67 | -46.46 | -38.51 | -35.04 |
| Net earnings | - 102.24 | -31.78 | - 208.27 | - 134.44 | 13.12 |
| Shareholders equity total | 620.27 | 531.29 | 323.02 | 188.58 | 201.70 |
| Balance sheet total (assets) | 678.84 | 808.66 | 619.26 | 518.30 | 883.44 |
| Net debt | -72.11 | -20.48 | -79.44 | 130.35 | 139.44 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -13.8 % | -3.8 % | -27.2 % | -21.4 % | 6.2 % |
| ROE | -15.2 % | -5.5 % | -48.8 % | -52.6 % | 6.7 % |
| ROI | -14.9 % | -4.9 % | -45.4 % | -36.9 % | 12.6 % |
| Economic value added (EVA) | - 148.66 | -71.84 | -73.16 | -54.74 | -51.99 |
| Solvency | |||||
| Equity ratio | 91.4 % | 65.7 % | 52.2 % | 36.4 % | 22.8 % |
| Gearing | 78.8 % | 73.5 % | |||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 11.6 | 2.8 | 2.1 | 2.0 | 1.7 |
| Current ratio | 11.6 | 2.8 | 2.1 | 2.0 | 1.7 |
| Cash and cash equivalents | 72.11 | 20.48 | 79.44 | 18.26 | 8.90 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BB | BB | BB |
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