Korf Holding ApS — Credit Rating and Financial Key Figures

CVR number: 37567817
Jørgen Sonnes Vej 24, 9000 Aalborg

Credit rating

Company information

Official name
Korf Holding ApS
Established
2016
Company form
Private limited company
Industry

About Korf Holding ApS

Korf Holding ApS (CVR number: 37567817) is a company from AALBORG. The company reported a net sales of 0.3 mDKK in 2023, demonstrating a decline of -60.4 % compared to the previous year. The operating profit percentage was at 97 % (EBIT: 0.3 mDKK), while net earnings were 471.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.4 %, which can be considered excellent and Return on Equity (ROE) was 18.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 99.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Korf Holding ApS's liquidity measured by quick ratio was 214.3 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales183.21797.21690.08693.51274.35
Gross profit178.83789.52684.49677.98266.08
EBIT178.83789.52684.49677.98266.08
Net earnings176.60847.03816.05178.92471.29
Shareholders equity total1 141.231 918.562 574.612 603.522 394.82
Balance sheet total (assets)1 146.231 925.542 615.182 608.522 402.98
Net debt- 502.94- 749.48-1 599.04-1 548.82-1 745.97
Profitability
EBIT-%97.6 %99.0 %99.2 %97.8 %97.0 %
ROA15.8 %55.5 %37.6 %26.0 %24.4 %
ROE15.7 %55.4 %36.3 %6.9 %18.9 %
ROI15.9 %55.7 %38.0 %26.2 %24.4 %
Economic value added (EVA)205.24789.91686.48702.18290.68
Solvency
Equity ratio99.6 %99.6 %98.4 %99.8 %99.7 %
Gearing
Relative net indebtedness %-271.8 %-93.1 %-225.8 %-222.6 %-633.4 %
Liquidity
Quick ratio103.5107.439.4309.8214.3
Current ratio103.5107.439.4309.8214.3
Cash and cash equivalents502.94749.481 599.041 548.821 745.97
Capital use efficiency
Trade debtors turnover (days)
Net working capital %279.7 %22.6 %4.3 %51.8 %127.9 %
Credit risk
Credit ratingBBBBBBABBBBBB

Variable visualization

ROA:24.4%
Rating: 80/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.7%
Rating: 95/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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