MICHAEL KVIST, ÅRRE HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 34084750
Gormsgade 8, 6700 Esbjerg
mk@michaelkvist.com
tel: 29696000

Company information

Official name
MICHAEL KVIST, ÅRRE HOLDING ApS
Established
2011
Company form
Private limited company
Industry

About MICHAEL KVIST, ÅRRE HOLDING ApS

MICHAEL KVIST, ÅRRE HOLDING ApS (CVR number: 34084750) is a company from ESBJERG. The company reported a net sales of 1 mDKK in 2024, demonstrating a growth of -118.8 % compared to the previous year. The operating profit percentage was at 100.1 % (EBIT: 1 mDKK), while net earnings were 1290.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.3 %, which can be considered good and Return on Equity (ROE) was 8.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 99.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MICHAEL KVIST, ÅRRE HOLDING ApS's liquidity measured by quick ratio was 72.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales-5 442.951 023.47
Gross profit-3.37-3.02-23.16-5 459.571 024.15
EBIT-3.37-3.02-23.16-5 459.571 024.15
Net earnings2 190.143 094.631 219.22-5 222.951 290.38
Shareholders equity total18 612.7021 207.3321 858.8614 209.3914 999.76
Balance sheet total (assets)18 744.4521 276.2721 924.6414 241.9315 101.10
Net debt-1 417.44-1 737.28-2 796.80-2 801.92-2 620.31
Profitability
EBIT-%100.1 %
ROA12.5 %15.8 %7.2 %-28.8 %9.3 %
ROE12.2 %15.5 %5.7 %-29.0 %8.8 %
ROI12.5 %15.8 %7.2 %-28.8 %9.4 %
Economic value added (EVA)- 868.33- 941.01-1 090.14-6 573.24252.40
Solvency
Equity ratio99.3 %99.7 %99.7 %99.8 %99.3 %
Gearing0.4 %0.1 %0.1 %0.1 %0.1 %
Relative net indebtedness %51.2 %-247.7 %
Liquidity
Quick ratio31.870.977.0196.872.2
Current ratio31.870.977.0196.872.2
Cash and cash equivalents1 484.661 762.932 822.962 817.782 636.17
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-76.3 %470.1 %
Credit risk
Credit ratingAAABBBA

Variable visualization

ROA:9.33%
Rating: 55/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.3%
Rating: 90/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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