VEERST MØRTELVÆRK ApS

CVR number: 73190428
Lykkegårdsvej 7, Veerst 6600 Vejen
info@veerstmoertel.dk
tel: 30700845
www.v-mv.dk

Credit rating

Company information

Official name
VEERST MØRTELVÆRK ApS
Personnel
3 persons
Established
1983
Domicile
Veerst
Company form
Private limited company
Industry
  • Expand more icon23Manufacture of other non-metallic mineral products

About VEERST MØRTELVÆRK ApS

VEERST MØRTELVÆRK ApS (CVR number: 73190428) is a company from VEJEN. The company recorded a gross profit of 847 kDKK in 2023. The operating profit was -8.3 kDKK, while net earnings were -10.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.5 %, which can be considered poor and Return on Equity (ROE) was -3.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 18 %, 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. VEERST MØRTELVÆRK ApS's liquidity measured by quick ratio was 0.5 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit801.561 128.48834.971 097.02847.05
EBIT-31.61155.84- 104.19191.61-8.32
Net earnings-14.07135.18- 301.50187.35-10.50
Shareholders equity total292.46427.64126.14313.50303.00
Balance sheet total (assets)1 586.881 897.991 551.151 700.351 686.07
Net debt984.92510.72660.841 005.85881.73
Profitability
EBIT-%
ROA0.2 %10.6 %-14.7 %11.8 %-0.5 %
ROE-4.7 %37.5 %-108.9 %85.2 %-3.4 %
ROI0.3 %13.9 %-19.1 %14.4 %-0.6 %
Economic value added (EVA)-34.88128.30- 102.96209.30-16.31
Solvency
Equity ratio18.4 %22.5 %8.1 %18.4 %18.0 %
Gearing339.1 %225.1 %903.0 %348.7 %357.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.50.60.50.5
Current ratio0.81.00.81.00.9
Cash and cash equivalents6.75452.07478.1887.31202.29
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:-0.47%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:18.0%
Rating: 17/100
-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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