Nordic Green Solutions A/S — Credit Rating and Financial Key Figures

CVR number: 42832146
Randersvej 2 A, 8600 Silkeborg

Credit rating

Company information

Official name
Nordic Green Solutions A/S
Personnel
30 persons
Established
2021
Company form
Limited company
Industry
  • Expand more icon71Architectural and engineering activities; technical testing and analysis

About Nordic Green Solutions A/S

Nordic Green Solutions A/S (CVR number: 42832146) is a company from SILKEBORG. The company recorded a gross profit of 12.8 mDKK in 2023. The operating profit was -12.2 mDKK, while net earnings were -10.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was -32.9 %, which can be considered poor and Return on Equity (ROE) was -56.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 38.5 %, 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. Nordic Green Solutions A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2021
2022
2023
Volume
Net sales
Gross profit7 275.0323 395.3612 825.05
EBIT-13 679.34- 835.35-12 166.95
Net earnings-11 110.41-1 306.72-10 444.17
Shareholders equity total24 889.5923 582.8713 138.70
Balance sheet total (assets)38 211.9739 735.0534 164.26
Net debt4 752.336 410.9511 352.43
Profitability
EBIT-%
ROA-35.3 %-1.9 %-32.9 %
ROE-44.6 %-5.4 %-56.9 %
ROI-42.1 %-2.3 %-39.4 %
Economic value added (EVA)-11 189.53-1 781.96-10 883.18
Solvency
Equity ratio65.1 %59.4 %38.5 %
Gearing28.5 %31.5 %93.3 %
Relative net indebtedness %
Liquidity
Quick ratio1.21.70.9
Current ratio1.21.70.9
Cash and cash equivalents2 344.891 011.99906.01
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAABBB

Variable visualization

ROA:-32.9%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:38.5%
Rating: 32/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

Companies in the same industry

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