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TYRE TRADE DK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TYRE TRADE DK ApS
TYRE TRADE DK ApS (CVR number: 28147074) is a company from VEJEN. The company recorded a gross profit of 522.4 kDKK in 2025. The operating profit was -13.3 kDKK, while net earnings were 7.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.4 %, which can be considered weak and Return on Equity (ROE) was 1.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 65 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. TYRE TRADE DK ApS's liquidity measured by quick ratio was 2.9 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 | 461.18 | 457.72 | 416.17 | 457.80 | 522.40 |
| EBIT | 45.65 | 18.72 | 38.93 | 14.16 | -13.28 |
| Net earnings | 52.74 | 30.49 | 48.65 | 29.10 | 7.65 |
| Shareholders equity total | 523.87 | 554.37 | 603.01 | 632.11 | 639.75 |
| Balance sheet total (assets) | 839.14 | 1 269.59 | 832.25 | 870.04 | 984.48 |
| Net debt | 107.38 | 522.00 | - 100.61 | - 136.15 | - 209.32 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 9.1 % | 6.0 % | 6.4 % | 4.6 % | 1.4 % |
| ROE | 10.6 % | 5.7 % | 8.4 % | 4.7 % | 1.2 % |
| ROI | 11.2 % | 7.0 % | 7.4 % | 5.8 % | 1.9 % |
| Economic value added (EVA) | 4.51 | -19.92 | -26.57 | -22.54 | -44.05 |
| Solvency | |||||
| Equity ratio | 62.4 % | 43.7 % | 72.5 % | 72.7 % | 65.0 % |
| Gearing | 31.1 % | 104.3 % | 10.8 % | 8.5 % | 11.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.6 | 1.8 | 3.6 | 3.7 | 2.9 |
| Current ratio | 2.6 | 1.8 | 3.6 | 3.7 | 2.9 |
| Cash and cash equivalents | 55.77 | 56.40 | 165.63 | 190.06 | 284.55 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BB |
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