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Bjarne Tovgaard ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Bjarne Tovgaard ApS
Bjarne Tovgaard ApS (CVR number: 41238577) is a company from RANDERS. The company recorded a gross profit of 1.2 kDKK in 2025. The operating profit was -38.4 kDKK, while net earnings were 240.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak and Return on Equity (ROE) was 0.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 75.4 %, 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. Bjarne Tovgaard ApS's liquidity measured by quick ratio was 3.8 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 2.49 | 74.48 | -78.01 | -79.33 | 1.21 |
| EBIT | - 356.88 | -41.69 | 211.32 | - 132.68 | -38.43 |
| Net earnings | - 457.81 | - 401.19 | 552.38 | 312.02 | 240.43 |
| Shareholders equity total | 27 167.16 | 26 765.97 | 27 318.35 | 27 630.38 | 27 870.81 |
| Balance sheet total (assets) | 36 084.40 | 36 008.92 | 36 263.79 | 36 701.05 | 36 958.76 |
| Net debt | -2 810.49 | -3 368.05 | -6 697.72 | -7 008.09 | -9 499.71 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -0.9 % | 0.3 % | 1.7 % | 1.1 % | 1.1 % |
| ROE | -1.7 % | -1.5 % | 2.0 % | 1.1 % | 0.9 % |
| ROI | -1.1 % | 0.4 % | 2.2 % | 1.5 % | 1.4 % |
| Economic value added (EVA) | -1 724.99 | -1 406.84 | -1 133.67 | -1 487.33 | -1 417.49 |
| Solvency | |||||
| Equity ratio | 75.3 % | 74.3 % | 75.3 % | 75.3 % | 75.4 % |
| Gearing | 0.0 % | ||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 3.7 | 3.6 | 3.8 | 3.8 | 3.8 |
| Current ratio | 3.7 | 3.6 | 3.8 | 3.8 | 3.8 |
| Cash and cash equivalents | 2 810.49 | 3 368.05 | 6 697.72 | 7 008.29 | 9 499.71 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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