Solid Group A/S — Credit Rating and Financial Key Figures

CVR number: 40258566
Stålvej 8, 6900 Skjern

Credit rating

Company information

Official name
Solid Group A/S
Established
2019
Company form
Limited company
Industry

About Solid Group A/S

Solid Group A/S (CVR number: 40258566) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of 1097.3 kDKK in 2024. The operating profit was 1097.3 kDKK, while net earnings were 2203.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.4 %, which can be considered good but Return on Equity (ROE) was 87.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 50.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Solid Group A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

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-32.13- 152.65-25.73- 289.511 097.34
EBIT-32.13- 152.65-25.73-6 789.511 097.34
Net earnings-16 215.53-14 000.41-9 716.58-4 934.322 203.80
Shareholders equity total65.021 064.61-8 651.971 413.713 617.51
Balance sheet total (assets)8 708.8110 032.656 237.4614 514.9522 912.33
Net debt-19.8962.322 959.608 130.3218 496.80
Profitability
EBIT-%
ROA-68.3 %-149.7 %-30.9 %-32.6 %14.4 %
ROE-108.0 %-2478.8 %-266.1 %-129.0 %87.6 %
ROI-68.9 %-155.1 %-78.8 %-34.6 %15.4 %
Economic value added (EVA)- 972.53- 540.47- 513.99-7 098.62923.71
Solvency
Equity ratio0.7 %10.6 %-58.1 %64.9 %50.7 %
Gearing9.4 %-34.7 %575.3 %511.4 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.20.50.40.5
Current ratio0.30.20.50.40.5
Cash and cash equivalents19.8937.6840.402.683.20
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:14.4%
Rating: 65/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:50.7%
Rating: 40/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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