Illit Forsikringit Ejendomme ApS — Credit Rating and Financial Key Figures

CVR number: 40538275
Eqalugalinnguit 79, 3905 Nuussuaq

Credit rating

Company information

Official name
Illit Forsikringit Ejendomme ApS
Established
2018
Company form
Private limited company
Industry

About Illit Forsikringit Ejendomme ApS

Illit Forsikringit Ejendomme ApS (CVR number: 40538275) is a company from SERMERSOOQ. The company recorded a gross profit of 1011.3 kDKK in 2024. The operating profit was 786.7 kDKK, while net earnings were 610.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8 %, which can be considered decent but Return on Equity (ROE) was 14.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 42.1 %, 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. Illit Forsikringit Ejendomme ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales960.00
Gross profit904.28923.03964.011 007.031 011.25
EBIT677.58698.50739.48782.50786.72
Net earnings414.51476.92503.14495.53610.38
Shareholders equity total2 554.503 031.423 534.564 030.094 640.47
Balance sheet total (assets)12 119.0411 769.8311 550.9111 399.4511 027.18
Net debt5 680.407 555.806 677.305 872.874 863.48
Profitability
EBIT-%70.6 %
ROA5.4 %5.8 %6.3 %6.8 %8.0 %
ROE17.7 %17.1 %15.3 %13.1 %14.1 %
ROI8.1 %6.9 %6.6 %7.0 %8.2 %
Economic value added (EVA)196.11165.98192.99221.41251.28
Solvency
Equity ratio21.1 %25.9 %30.8 %35.4 %42.1 %
Gearing227.8 %249.7 %191.0 %149.4 %104.8 %
Relative net indebtedness %913.3 %
Liquidity
Quick ratio0.10.00.00.10.0
Current ratio0.10.00.00.10.0
Cash and cash equivalents139.6613.9174.72147.77
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-351.9 %
Credit risk
Credit ratingAAAAABBB

Variable visualization

ROA:7.96%
Rating: 51/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:42.1%
Rating: 35/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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