HORN GROUP ApS — Credit Rating and Financial Key Figures

CVR number: 33598475
Trehøjevej 26, 8882 Fårvang

Company information

Official name
HORN GROUP ApS
Established
2011
Company form
Private limited company
Industry

About HORN GROUP ApS

HORN GROUP ApS (CVR number: 33598475) is a company from SILKEBORG. The company recorded a gross profit of -29.2 kDKK in 2024. The operating profit was -29.2 kDKK, while net earnings were 88.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.2 %, which can be considered good but Return on Equity (ROE) was 8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at -52.9 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. HORN GROUP 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 sales
Gross profit-4.28-6.41-7.30-9.23-29.20
EBIT-4.28-6.41-7.30-9.23-29.20
Net earnings-74.27187.6097.91145.5288.52
Shareholders equity total- 393.68- 206.08-1 488.02-1 342.50-1 253.98
Balance sheet total (assets)3 809.954 007.671 111.601 106.581 116.71
Net debt4 198.634 207.532 592.182 439.452 339.23
Profitability
EBIT-%
ROA0.9 %7.0 %5.6 %10.6 %10.2 %
ROE-2.0 %4.8 %3.8 %13.1 %8.0 %
ROI0.9 %7.0 %5.6 %10.7 %10.3 %
Economic value added (EVA)- 190.53- 198.93- 206.76-64.72-84.32
Solvency
Equity ratio-9.4 %-4.9 %-57.2 %-54.8 %-52.9 %
Gearing-1066.5 %-2041.6 %-174.2 %-181.7 %-186.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.1
Current ratio0.10.1
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:10.2%
Rating: 58/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-52.9%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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