MIDTJYLLANDS KRISTNE KURSUSCENTER ApS — Credit Rating and Financial Key Figures

CVR number: 25100131
Højmarksvej 22, 7330 Brande

Credit rating

Company information

Official name
MIDTJYLLANDS KRISTNE KURSUSCENTER ApS
Established
1999
Company form
Private limited company
Industry
  • Expand more icon55Accommodation

About MIDTJYLLANDS KRISTNE KURSUSCENTER ApS

MIDTJYLLANDS KRISTNE KURSUSCENTER ApS (CVR number: 25100131) is a company from IKAST-BRANDE. The company reported a net sales of 0.9 mDKK in 2023, demonstrating a growth of 5.1 % compared to the previous year. The operating profit percentage was at 26.7 % (EBIT: 0.2 mDKK), while net earnings were 107.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.1 %, which can be considered good but Return on Equity (ROE) was 42.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 13.4 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. MIDTJYLLANDS KRISTNE KURSUSCENTER ApS's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales466.52585.74506.63832.18874.62
Gross profit86.25196.75106.98279.12322.82
EBIT-19.2895.449.72185.75233.18
Net earnings-68.7530.26-59.12111.69107.25
Shareholders equity total617.23647.4988.37200.06307.31
Balance sheet total (assets)2 551.692 531.472 408.082 344.892 288.43
Net debt1 791.431 583.562 027.852 119.901 916.84
Profitability
EBIT-%-4.1 %16.3 %1.9 %22.3 %26.7 %
ROA-0.7 %3.8 %0.4 %7.8 %10.1 %
ROE-10.6 %4.8 %-16.1 %77.4 %42.3 %
ROI-0.9 %4.0 %0.4 %8.3 %10.2 %
Economic value added (EVA)-41.5544.27-40.06139.08119.16
Solvency
Equity ratio24.2 %25.6 %3.7 %8.5 %13.4 %
Gearing292.5 %258.2 %2322.5 %1072.1 %630.8 %
Relative net indebtedness %411.7 %306.6 %453.0 %254.7 %224.0 %
Liquidity
Quick ratio0.00.10.10.10.1
Current ratio0.00.10.10.10.1
Cash and cash equivalents13.7788.0224.5524.9321.60
Capital use efficiency
Trade debtors turnover (days)4.07.535.534.748.3
Net working capital %-214.5 %-145.6 %-272.5 %-142.6 %-109.9 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:10.1%
Rating: 57/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:13.4%
Rating: 13/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

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