VELLING PLANTAGE ApS — Credit Rating and Financial Key Figures

CVR number: 17297228
Herningvej 3, 6950 Ringkøbing

Company information

Official name
VELLING PLANTAGE ApS
Established
1975
Company form
Private limited company
Industry

About VELLING PLANTAGE ApS

VELLING PLANTAGE ApS (CVR number: 17297228) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of 221.5 kDKK in 2023. The operating profit was 206.2 kDKK, while net earnings were 105.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.1 %, which can be considered weak and Return on Equity (ROE) was 1.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 74.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. VELLING PLANTAGE ApS's liquidity measured by quick ratio was 84.7 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit434.0061.00901.00134.00221.51
EBIT434.0061.00901.00134.00206.21
Net earnings449.0048.00867.0096.00105.19
Shareholders equity total4 770.004 818.005 685.005 781.005 885.80
Balance sheet total (assets)4 778.004 842.005 715.005 834.007 901.22
Net debt-2 688.00-2 747.00-2 088.00-2 123.001 153.70
Profitability
EBIT-%
ROA9.9 %1.5 %17.1 %2.4 %3.1 %
ROE9.9 %1.0 %16.5 %1.7 %1.8 %
ROI9.9 %1.5 %17.2 %2.4 %3.1 %
Economic value added (EVA)216.87- 192.47631.68- 181.09- 161.84
Solvency
Equity ratio99.8 %99.5 %99.5 %99.1 %74.5 %
Gearing34.0 %
Relative net indebtedness %
Liquidity
Quick ratio337.5115.1119.269.784.7
Current ratio337.5115.1119.269.784.7
Cash and cash equivalents2 688.002 747.002 088.002 123.00846.30
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBBA

Variable visualization

ROA:3.10%
Rating: 35/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:74.5%
Rating: 56/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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