MICHAEL FLINDT HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 29913463
Luftmarinegade 168, 1432 København K

Company information

Official name
MICHAEL FLINDT HOLDING ApS
Established
2006
Company form
Private limited company
Industry

About MICHAEL FLINDT HOLDING ApS

MICHAEL FLINDT HOLDING ApS (CVR number: 29913463) is a company from KØBENHAVN. The company reported a net sales of -0.1 mDKK in 2024, demonstrating a decline of -219.7 % compared to the previous year. The operating profit percentage was poor at 0 % (EBIT: -0.2 mDKK), while net earnings were -136.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -15.5 %, which can be considered poor and Return on Equity (ROE) was -26.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 70.8 %, 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. MICHAEL FLINDT HOLDING ApS's liquidity measured by quick ratio was 0.1 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales- 114.38170.4566.46124.30- 148.74
Gross profit- 118.50166.3262.34120.17- 152.87
EBIT- 118.50166.3262.34120.17- 152.87
Net earnings-93.26185.1279.78130.44- 136.82
Shareholders equity total335.35520.47543.75615.29417.47
Balance sheet total (assets)620.05757.28850.24973.42589.42
Net debt276.61231.69249.31306.40154.88
Profitability
EBIT-%97.6 %93.8 %96.7 %
ROA-12.0 %28.3 %11.3 %15.8 %-15.5 %
ROE-22.8 %43.3 %15.0 %22.5 %-26.5 %
ROI-12.2 %28.5 %11.4 %16.0 %-15.6 %
Economic value added (EVA)-98.56179.7482.67148.40- 114.66
Solvency
Equity ratio54.1 %68.7 %64.0 %63.2 %70.8 %
Gearing83.7 %44.7 %54.8 %56.9 %39.2 %
Relative net indebtedness %-245.4 %138.3 %387.5 %253.1 %-109.7 %
Liquidity
Quick ratio0.20.10.20.20.1
Current ratio0.20.10.20.20.1
Cash and cash equivalents3.971.0048.9343.488.81
Capital use efficiency
Trade debtors turnover (days)
Net working capital %189.9 %-118.8 %-369.6 %-240.1 %99.2 %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:-15.5%
Rating: 5/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:70.8%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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