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Horsteds Invest ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Horsteds Invest ApS
Horsteds Invest ApS (CVR number: 38726005) is a company from KALUNDBORG. The company recorded a gross profit of 8 kDKK in 2025. The operating profit was -14.9 kDKK, while net earnings were 68.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.5 %, which can be considered weak but Return on Equity (ROE) was 4.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 31.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Horsteds Invest ApS's liquidity measured by quick ratio was 0.8 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 financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 25.93 | 5.63 | 47.71 | 0.56 | 8.03 |
| EBIT | 8.01 | -13.88 | 25.02 | -22.14 | -14.92 |
| Net earnings | 241.52 | 1.27 | 218.08 | - 126.92 | 68.39 |
| Shareholders equity total | 1 711.31 | 1 598.58 | 1 698.86 | 1 449.93 | 1 383.32 |
| Balance sheet total (assets) | 4 322.52 | 4 404.88 | 4 489.74 | 4 309.52 | 4 410.49 |
| Net debt | - 979.13 | - 818.13 | -1 015.73 | - 902.68 | - 962.12 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 3.8 % | 3.6 % | 7.1 % | 1.9 % | 3.5 % |
| ROE | 14.7 % | 0.1 % | 13.2 % | -8.1 % | 4.8 % |
| ROI | 4.8 % | 5.8 % | 11.7 % | 3.4 % | 6.5 % |
| Economic value added (EVA) | - 189.81 | - 149.29 | - 115.82 | - 153.35 | - 132.37 |
| Solvency | |||||
| Equity ratio | 39.6 % | 36.3 % | 37.8 % | 33.6 % | 31.4 % |
| Gearing | 58.7 % | 67.3 % | 58.8 % | 64.2 % | 64.7 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.1 | 0.9 | 0.9 | 0.8 | 0.8 |
| Current ratio | 1.1 | 0.9 | 0.9 | 0.8 | 0.8 |
| Cash and cash equivalents | 1 983.16 | 1 893.48 | 2 015.26 | 1 833.36 | 1 857.55 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | BBB | BBB | BBB | BBB |
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