ELMEVANGEN VARDE ApS — Credit Rating and Financial Key Figures

CVR number: 19505634
Ortenvej 80, 6800 Varde

Credit rating

Company information

Official name
ELMEVANGEN VARDE ApS
Established
1996
Company form
Private limited company
Industry

About ELMEVANGEN VARDE ApS

ELMEVANGEN VARDE ApS (CVR number: 19505634) is a company from VARDE. The company recorded a gross profit of -32.1 kDKK in 2024. The operating profit was -32.1 kDKK, while net earnings were 1194.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.8 %, which can be considered good but Return on Equity (ROE) was 16 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -46.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. ELMEVANGEN VARDE 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-36.89-39.11-40.83-37.70-32.13
EBIT-36.89- 364.12-40.83-37.70-32.13
Net earnings-6 012.94-4 203.02-2 343.38- 333.931 194.36
Shareholders equity total-41 250.35-45 453.38-8 096.76-8 430.69-7 236.33
Balance sheet total (assets)9 681.257 082.386 542.406 592.808 310.17
Net debt13 491.4713 944.4914 535.0414 907.5615 447.21
Profitability
EBIT-%
ROA-8.8 %-5.1 %-2.3 %0.7 %10.8 %
ROE-50.8 %-50.1 %-34.4 %-5.1 %16.0 %
ROI-14.0 %-19.1 %-5.3 %0.7 %10.8 %
Economic value added (EVA)- 740.361 026.861 542.77- 356.20- 354.88
Solvency
Equity ratio-81.0 %-86.5 %-55.3 %-56.1 %-46.5 %
Gearing-32.8 %-30.7 %-179.7 %-177.2 %-213.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.00.00.00.0
Current ratio0.00.00.00.00.0
Cash and cash equivalents22.788.1111.7127.825.73
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:10.8%
Rating: 59/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-46.5%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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