H. E. GORMSEN, ODENSE ApS — Credit Rating and Financial Key Figures

CVR number: 53629814
Lucernevej 3, Tarup 5210 Odense NV
tel: 66157470

Company information

Official name
H. E. GORMSEN, ODENSE ApS
Personnel
1 person
Established
1975
Domicile
Tarup
Company form
Private limited company
Industry

About H. E. GORMSEN, ODENSE ApS

H. E. GORMSEN, ODENSE ApS (CVR number: 53629814) is a company from ODENSE. The company recorded a gross profit of -44.6 kDKK in 2023. The operating profit was -288.7 kDKK, while net earnings were 1509.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17 %, which can be considered excellent but Return on Equity (ROE) was 13.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 94.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. H. E. GORMSEN, ODENSE ApS's liquidity measured by quick ratio was 19.3 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 profit-31.32-43.71-34.72-43.17-44.63
EBIT- 199.60- 232.12- 224.05- 227.89- 288.68
Net earnings247.551 253.52- 311.68716.261 509.07
Shareholders equity total8 975.9410 118.869 694.1710 296.2311 687.51
Balance sheet total (assets)9 034.8210 585.8610 233.3210 645.3112 327.65
Net debt-8 929.54-10 397.47-9 859.84-10 270.60-12 111.61
Profitability
EBIT-%
ROA3.6 %17.4 %7.6 %9.2 %17.0 %
ROE2.8 %13.1 %-3.1 %7.2 %13.7 %
ROI3.6 %17.8 %7.9 %9.4 %17.4 %
Economic value added (EVA)- 186.21- 183.30- 156.91- 157.69- 214.10
Solvency
Equity ratio99.3 %95.6 %94.7 %96.7 %94.8 %
Gearing0.8 %1.7 %2.5 %1.8 %
Relative net indebtedness %
Liquidity
Quick ratio153.422.719.030.519.3
Current ratio153.422.719.030.519.3
Cash and cash equivalents8 929.5410 478.2010 023.0710 523.5512 327.65
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBABBBAA

Variable visualization

ROA:17.0%
Rating: 69/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:94.8%
Rating: 76/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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