VESTFORSYNING VARME A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VESTFORSYNING VARME A/S
VESTFORSYNING VARME A/S (CVR number: 26704065) is a company from HOLSTEBRO. The company reported a net sales of 186.1 mDKK in 2024, demonstrating a growth of 33.7 % compared to the previous year. The operating profit percentage was poor at -2.5 % (EBIT: -4.6 mDKK), while net earnings were -4276 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.9 %, which can be considered poor and Return on Equity (ROE) was -2.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.1 %, 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. VESTFORSYNING VARME A/S's liquidity measured by quick ratio was 0.7 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 150.91 | 178.32 | 147.62 | 139.18 | 186.15 |
Gross profit | 5.96 | 7.50 | 6.41 | 7.38 | 2.77 |
EBIT | -5.08 | 2.83 | 0.62 | 1.41 | -4.58 |
Net earnings | -9.56 | 9.16 | 10.69 | 112.69 | -4.28 |
Shareholders equity total | 165.71 | 174.87 | 185.56 | 201.37 | 197.10 |
Balance sheet total (assets) | 328.71 | 329.45 | 353.22 | 473.42 | 448.99 |
Net debt | 70.39 | 83.01 | |||
Profitability | |||||
EBIT-% | -3.4 % | 1.6 % | 0.4 % | 1.0 % | -2.5 % |
ROA | -1.5 % | 0.9 % | 0.2 % | 28.0 % | -1.9 % |
ROE | -5.6 % | 5.4 % | 5.9 % | 58.2 % | -2.1 % |
ROI | -1.5 % | 0.9 % | 0.2 % | 30.5 % | -2.2 % |
Economic value added (EVA) | -13.89 | -5.49 | -8.17 | -8.32 | -18.12 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 42.5 % | 44.1 % |
Gearing | 46.9 % | 44.0 % | |||
Relative net indebtedness % | 178.1 % | 133.3 % | |||
Liquidity | |||||
Quick ratio | 1.1 | 0.7 | |||
Current ratio | 1.1 | 0.7 | |||
Cash and cash equivalents | 24.14 | 3.68 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 7.5 | 2.1 | |||
Net working capital % | 4.4 % | -8.1 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AA | A |
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