VEST-EL A/S — Credit Rating and Financial Key Figures

CVR number: 34876894
Nordhavnskaj 2, 6960 Hvide Sande

Credit rating

Company information

Official name
VEST-EL A/S
Personnel
60 persons
Established
2012
Company form
Limited company
Industry

About VEST-EL A/S

VEST-EL A/S (CVR number: 34876894) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of 45.4 mDKK in 2024. The operating profit was 17.5 mDKK, while net earnings were 13.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 52.2 %, which can be considered excellent and Return on Equity (ROE) was 83 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 61.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. VEST-EL A/S's liquidity measured by quick ratio was 2.8 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit33 471.0736 901.8037 163.8335 404.9145 379.27
EBIT5 992.686 853.567 661.856 146.1517 496.99
Net earnings4 574.735 288.665 794.564 827.0113 893.34
Shareholders equity total8 903.229 191.889 986.449 687.4423 783.74
Balance sheet total (assets)30 404.5728 418.6724 976.3729 015.4038 510.16
Net debt- 576.88-7 375.24-4 716.29-2 543.66- 293.24
Profitability
EBIT-%
ROA22.0 %23.4 %28.8 %22.9 %52.2 %
ROE50.2 %58.5 %60.4 %49.1 %83.0 %
ROI53.7 %61.9 %74.5 %57.6 %97.0 %
Economic value added (EVA)4 211.585 056.075 777.294 572.1813 495.70
Solvency
Equity ratio29.3 %32.3 %40.0 %33.4 %61.8 %
Gearing34.0 %0.3 %4.5 %1.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.21.21.21.12.8
Current ratio1.31.31.31.33.0
Cash and cash equivalents3 601.577 398.235 169.612 652.44293.24
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBBBBBBB

Variable visualization

ROA:52.2%
Rating: 96/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:61.8%
Rating: 48/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

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