MGE13 ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MGE13 ApS
MGE13 ApS (CVR number: 25722833) is a company from KØBENHAVN. The company reported a net sales of 1.7 mDKK in 2023, demonstrating a growth of 2 % compared to the previous year. The operating profit percentage was at 10.9 % (EBIT: 0.2 mDKK), while net earnings were 135.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.9 %, which can be considered weak and Return on Equity (ROE) was 1.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 48.5 %, 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. MGE13 ApS'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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 396.40 | 1 109.10 | 1 534.67 | 1 619.41 | 1 651.79 |
Gross profit | 1 005.04 | 677.86 | 1 035.80 | 939.55 | 1 151.46 |
EBIT | 813.83 | - 533.69 | -4 270.92 | - 223.27 | 179.87 |
Net earnings | 550.09 | - 443.06 | -3 268.54 | 54.76 | 135.32 |
Shareholders equity total | 14 743.52 | 13 900.46 | 10 631.92 | 10 686.69 | 10 822.01 |
Balance sheet total (assets) | 26 769.42 | 27 093.89 | 23 078.17 | 22 719.61 | 22 290.63 |
Net debt | 11 286.43 | 12 520.49 | 11 473.19 | 10 967.64 | 10 609.00 |
Profitability | |||||
EBIT-% | 58.3 % | -48.1 % | -278.3 % | -13.8 % | 10.9 % |
ROA | 3.0 % | -1.9 % | -17.0 % | -0.9 % | 0.9 % |
ROE | 3.8 % | -3.1 % | -26.6 % | 0.5 % | 1.3 % |
ROI | 3.1 % | -1.9 % | -17.1 % | -0.9 % | 0.9 % |
Economic value added (EVA) | - 627.75 | -1 722.88 | -4 566.32 | -1 210.32 | - 871.28 |
Solvency | |||||
Equity ratio | 55.1 % | 51.3 % | 46.1 % | 47.0 % | 48.5 % |
Gearing | 77.3 % | 90.5 % | 109.1 % | 105.1 % | 98.3 % |
Relative net indebtedness % | 853.4 % | 1184.5 % | 803.0 % | 726.6 % | 692.7 % |
Liquidity | |||||
Quick ratio | 1.3 | 0.2 | 0.7 | 0.8 | 0.7 |
Current ratio | 1.3 | 0.2 | 0.7 | 0.8 | 0.7 |
Cash and cash equivalents | 108.79 | 55.60 | 122.27 | 265.93 | 27.31 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 14.7 | 0.1 | |||
Net working capital % | 11.2 % | -150.0 % | -35.9 % | -21.2 % | -30.0 % |
Credit risk | |||||
Credit rating | A | A | BBB | A | A |
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