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Minkfarmen Norden ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Minkfarmen Norden ApS
Minkfarmen Norden ApS (CVR number: 38473204) is a company from HJØRRING. The company recorded a gross profit of -87.9 kDKK in 2025. The operating profit was -153.2 kDKK, while net earnings were -148.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.3 %, which can be considered poor and Return on Equity (ROE) was -4.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 28 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Minkfarmen Norden ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 15 285.44 | - 380.90 | -31.18 | - 545.13 | -87.88 |
| EBIT | 15 026.23 | - 482.55 | - 115.07 | - 636.09 | - 153.17 |
| Net earnings | 14 492.98 | -1 102.22 | 485.06 | - 639.08 | - 148.91 |
| Shareholders equity total | 12 987.52 | 10 385.29 | 6 370.35 | 5 131.27 | 1 982.35 |
| Balance sheet total (assets) | 14 843.46 | 10 994.63 | 7 910.91 | 7 233.65 | 7 080.34 |
| Net debt | 1 704.26 | - 852.98 | - 599.49 | - 646.87 | - 620.52 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 114.9 % | -3.9 % | -1.4 % | -8.6 % | -2.3 % |
| ROE | 127.5 % | -9.4 % | 5.8 % | -11.1 % | -4.2 % |
| ROI | 138.6 % | -4.0 % | -1.6 % | -11.4 % | -4.6 % |
| Economic value added (EVA) | 14 689.88 | -1 081.17 | - 603.56 | - 941.94 | - 396.55 |
| Solvency | |||||
| Equity ratio | 87.5 % | 94.5 % | 80.5 % | 70.9 % | 28.0 % |
| Gearing | 13.1 % | ||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 7.5 | 16.6 | 4.8 | 3.2 | 1.3 |
| Current ratio | 7.9 | 17.0 | 4.8 | 3.2 | 1.3 |
| Cash and cash equivalents | 852.98 | 599.49 | 646.87 | 620.52 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BBB | BBB | BB | BB |
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