LARSEN GROUP ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About LARSEN GROUP ApS
LARSEN GROUP ApS (CVR number: 29788278) is a company from VIBORG. The company recorded a gross profit of -46.2 kDKK in 2024. The operating profit was -46.2 kDKK, while net earnings were 488.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.5 %, which can be considered excellent and Return on Equity (ROE) was 20.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 57.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. LARSEN GROUP ApS's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -22.63 | -42.91 | -29.95 | 4.41 | -46.15 | 
| EBIT | -22.63 | -42.91 | -29.95 | 4.41 | -46.15 | 
| Net earnings | 343.05 | 421.97 | - 209.23 | 663.83 | 488.78 | 
| Shareholders equity total | 1 579.41 | 1 888.38 | 1 564.75 | 2 228.57 | 2 595.36 | 
| Balance sheet total (assets) | 2 974.57 | 3 368.09 | 3 034.44 | 3 853.33 | 4 510.28 | 
| Net debt | - 588.77 | - 754.34 | -47.10 | - 505.77 | - 765.57 | 
| Profitability | |||||
| EBIT-% | |||||
| ROA | 17.3 % | 16.9 % | 6.4 % | 24.1 % | 16.5 % | 
| ROE | 23.5 % | 24.3 % | -12.1 % | 35.0 % | 20.3 % | 
| ROI | 17.9 % | 17.8 % | 6.7 % | 24.9 % | 17.1 % | 
| Economic value added (EVA) | 47.16 | 75.28 | 100.50 | 133.21 | 121.88 | 
| Solvency | |||||
| Equity ratio | 53.1 % | 56.1 % | 51.6 % | 57.8 % | 57.5 % | 
| Gearing | 79.0 % | 68.8 % | 90.3 % | 66.1 % | 68.2 % | 
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.4 | 1.4 | 1.1 | 1.3 | 1.4 | 
| Current ratio | 1.4 | 1.4 | 1.1 | 1.3 | 1.4 | 
| Cash and cash equivalents | 1 836.48 | 2 052.65 | 1 460.02 | 1 979.37 | 2 535.78 | 
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB | 
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