THORSAGER BILVASK ApS — Credit Rating and Financial Key Figures

CVR number: 33779240
Nørregade 9, 8410 Rønde
tel: 86379777

Company information

Official name
THORSAGER BILVASK ApS
Established
2011
Company form
Private limited company
Industry

About THORSAGER BILVASK ApS

THORSAGER BILVASK ApS (CVR number: 33779240) is a company from SYDDJURS. The company recorded a gross profit of 390.8 kDKK in 2023. The operating profit was 199.9 kDKK, while net earnings were 173.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.3 %, which can be considered decent but Return on Equity (ROE) was 14.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 15.2 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. THORSAGER BILVASK ApS's liquidity measured by quick ratio was 9.7 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 profit719.52689.20486.38313.45390.78
EBIT430.61404.29171.56156.18199.95
Net earnings241.22206.83-86.7055.37173.44
Shareholders equity total913.811 120.641 033.941 089.321 262.76
Balance sheet total (assets)7 376.027 730.367 831.647 952.208 282.26
Net debt4 144.013 793.045 069.855 325.435 102.86
Profitability
EBIT-%
ROA6.0 %5.4 %2.2 %2.6 %4.3 %
ROE30.4 %20.3 %-8.0 %5.2 %14.7 %
ROI6.1 %5.4 %2.2 %2.6 %4.4 %
Economic value added (EVA)380.84365.24196.92131.21150.32
Solvency
Equity ratio12.4 %14.5 %13.2 %13.7 %15.2 %
Gearing662.2 %550.6 %608.6 %578.6 %511.2 %
Relative net indebtedness %
Liquidity
Quick ratio142.2175.421.66.19.7
Current ratio142.2175.421.66.19.7
Cash and cash equivalents1 907.002 377.371 222.61977.571 352.62
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:4.33%
Rating: 41/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:15.2%
Rating: 15/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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