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MORTEN SØRENSEN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MORTEN SØRENSEN ApS
MORTEN SØRENSEN ApS (CVR number: 31172497) is a company from LYNGBY-TAARBÆK. The company recorded a gross profit of 539.9 kDKK in 2024. The operating profit was -166.3 kDKK, while net earnings were -149.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -62.3 %, which can be considered poor and Return on Equity (ROE) was -166.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -43.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. MORTEN SØRENSEN ApS's liquidity measured by quick ratio was 0.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 582.46 | 467.18 | 839.78 | 666.92 | 539.88 |
| EBIT | 166.07 | - 152.69 | 232.03 | 3.48 | - 166.27 |
| Net earnings | 161.04 | - 125.48 | 156.66 | -2.36 | - 149.45 |
| Shareholders equity total | 17.65 | - 107.83 | 48.83 | 46.48 | - 102.97 |
| Balance sheet total (assets) | 417.33 | 234.43 | 220.00 | 297.94 | 132.97 |
| Net debt | - 221.94 | -23.94 | -37.22 | -26.12 | -51.50 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 44.1 % | -40.2 % | 82.5 % | 1.3 % | -62.3 % |
| ROE | 218.2 % | -99.6 % | 110.6 % | -5.0 % | -166.6 % |
| ROI | 1881.4 % | -1729.9 % | 950.3 % | 6.3 % | -514.9 % |
| Economic value added (EVA) | 202.68 | - 121.25 | 180.38 | 1.02 | - 136.76 |
| Solvency | |||||
| Equity ratio | 4.2 % | -31.5 % | 22.2 % | 15.6 % | -43.6 % |
| Gearing | 31.2 % | -3.5 % | |||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.0 | 0.7 | 1.3 | 1.2 | 0.6 |
| Current ratio | 1.0 | 0.7 | 1.3 | 1.2 | 0.6 |
| Cash and cash equivalents | 221.94 | 23.94 | 37.22 | 40.61 | 55.11 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | B | C | B | B | C |
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