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RIIS MICHELSEN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About RIIS MICHELSEN ApS
RIIS MICHELSEN ApS (CVR number: 30804694) is a company from KØBENHAVN. The company recorded a gross profit of 476.5 kDKK in 2024. The operating profit was -298.9 kDKK, while net earnings were -240.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -63.6 %, which can be considered poor and Return on Equity (ROE) was -98.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -29 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. RIIS MICHELSEN 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 | 590.72 | 218.71 | 487.67 | 787.81 | 476.52 |
| EBIT | 127.47 | 115.98 | -84.76 | -16.62 | - 298.86 |
| Net earnings | 83.45 | 63.32 | -76.54 | -40.63 | - 240.28 |
| Shareholders equity total | - 351.32 | - 288.01 | - 364.55 | 69.82 | - 170.47 |
| Balance sheet total (assets) | 292.38 | 270.83 | 382.81 | 347.76 | 417.86 |
| Net debt | 337.66 | 310.03 | 303.11 | - 106.01 | -86.20 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 18.0 % | 19.2 % | -12.2 % | -2.7 % | -63.6 % |
| ROE | 27.2 % | 22.5 % | -23.4 % | -18.0 % | -98.5 % |
| ROI | 29.3 % | 36.0 % | -21.1 % | -5.6 % | -846.0 % |
| Economic value added (EVA) | 93.17 | 84.06 | -62.05 | -21.07 | - 239.14 |
| Solvency | |||||
| Equity ratio | -54.6 % | -51.5 % | -48.8 % | 20.1 % | -29.0 % |
| Gearing | -96.1 % | -107.6 % | -122.6 % | 0.4 % | -0.1 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.4 | 0.5 | 0.5 | 1.1 | 0.6 |
| Current ratio | 0.4 | 0.5 | 0.5 | 1.1 | 0.6 |
| Cash and cash equivalents | 143.85 | 106.27 | 86.45 | ||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | B | B | B | B | C |
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