Frank Mikkelsen Holding 2 ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Frank Mikkelsen Holding 2 ApS
Frank Mikkelsen Holding 2 ApS (CVR number: 37116815) is a company from VIBORG. The company reported a net sales of -0.4 mDKK in 2024, demonstrating a growth of -82.5 % compared to the previous year. The operating profit percentage was poor at 0 % (EBIT: -0.4 mDKK), while net earnings were -383 kDKK. The profitability of the company measured by Return on Assets (ROA) was -32 %, which can be considered poor and Return on Equity (ROE) was -34.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 90.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Frank Mikkelsen Holding 2 ApS's liquidity measured by quick ratio was 3.4 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | - 329.36 | 4 271.12 | -2 463.50 | -2 102.54 | - 368.64 |
Gross profit | - 338.02 | 4 256.97 | -2 483.69 | -2 109.19 | - 384.85 |
EBIT | - 338.02 | 4 256.97 | -2 463.20 | -2 109.19 | - 384.85 |
Net earnings | - 334.38 | 4 257.35 | -2 460.99 | -2 108.58 | - 383.05 |
Shareholders equity total | 1 852.00 | 5 859.35 | 3 398.36 | 1 289.77 | 906.72 |
Balance sheet total (assets) | 1 909.81 | 5 980.61 | 3 511.74 | 1 367.62 | 1 005.84 |
Net debt | - 147.53 | - 117.44 | 26.78 | -0.88 | 7.67 |
Profitability | |||||
EBIT-% | 99.7 % | ||||
ROA | -16.1 % | 108.0 % | -51.7 % | -86.3 % | -32.0 % |
ROE | -16.6 % | 110.4 % | -53.2 % | -90.0 % | -34.9 % |
ROI | -16.3 % | 109.8 % | -52.6 % | -89.0 % | -34.4 % |
Economic value added (EVA) | - 450.14 | 4 163.47 | -2 759.81 | -2 281.97 | - 449.76 |
Solvency | |||||
Equity ratio | 97.0 % | 98.0 % | 96.8 % | 94.3 % | 90.1 % |
Gearing | 0.5 % | 0.7 % | 1.2 % | 0.1 % | 1.4 % |
Relative net indebtedness % | 29.9 % | -0.9 % | -4.1 % | -3.6 % | -25.6 % |
Liquidity | |||||
Quick ratio | 6.5 | 1.4 | 1.5 | 1.6 | 3.4 |
Current ratio | 6.5 | 1.4 | 1.5 | 1.6 | 3.4 |
Cash and cash equivalents | 156.18 | 160.70 | 13.40 | 2.80 | 4.64 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -96.5 % | 1.3 % | -2.3 % | -2.4 % | -64.0 % |
Credit risk | |||||
Credit rating | BB | BBB | BB | BB | BB |
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