Make Nordic ApS — Credit Rating and Financial Key Figures

CVR number: 38796631
Helgolandsgade 21, 6700 Esbjerg
kontakt@makenordic.com
makenordic.com

Company information

Official name
Make Nordic ApS
Personnel
22 persons
Established
2017
Company form
Private limited company
Industry

About Make Nordic ApS

Make Nordic ApS (CVR number: 38796631) is a company from ESBJERG. The company recorded a gross profit of 6965.4 kDKK in 2024. The operating profit was 682.7 kDKK, while net earnings were 263.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.3 %, which can be considered decent but Return on Equity (ROE) was 9.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 28.5 %, 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. Make Nordic ApS's liquidity measured by quick ratio was 0.3 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 sales
Gross profit1 598.843 261.264 895.235 824.536 965.38
EBIT130.03809.831 058.88807.24682.69
Net earnings69.12591.92658.32367.37263.16
Shareholders equity total467.691 059.611 717.932 585.302 848.46
Balance sheet total (assets)2 787.293 805.726 801.608 533.9810 292.66
Net debt198.62- 296.292 150.573 014.354 762.52
Profitability
EBIT-%
ROA6.0 %24.6 %20.0 %10.7 %7.3 %
ROE16.0 %77.5 %47.4 %17.1 %9.7 %
ROI18.8 %91.2 %42.6 %17.3 %10.3 %
Economic value added (EVA)63.18596.85758.27425.84220.74
Solvency
Equity ratio16.8 %27.9 %25.6 %30.5 %28.5 %
Gearing42.5 %4.7 %125.2 %116.6 %167.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.50.40.40.20.3
Current ratio1.21.31.21.21.2
Cash and cash equivalents346.59
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBAA

Variable visualization

ROA:7.26%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:28.5%
Rating: 25/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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