MILLAG ApS — Credit Rating and Financial Key Figures

CVR number: 33586345
Østbirkvej 2, Seden 5240 Odense NØ
millag@millag.dk
tel: 88612600

Company information

Official name
MILLAG ApS
Personnel
4 persons
Established
2011
Domicile
Seden
Company form
Private limited company
Industry

About MILLAG ApS

MILLAG ApS (CVR number: 33586345) is a company from ODENSE. The company recorded a gross profit of 3052 kDKK in 2023. The operating profit was 871 kDKK, while net earnings were 675 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.1 %, which can be considered excellent and Return on Equity (ROE) was 23.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 76.7 %, 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. MILLAG ApS's liquidity measured by quick ratio was 2.9 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 profit5 186.003 316.002 837.003 131.003 052.00
EBIT3 021.001 191.00759.00888.00871.00
Net earnings2 348.00929.00591.00694.00675.00
Shareholders equity total5 769.001 698.002 289.002 983.002 658.00
Balance sheet total (assets)7 647.004 268.005 616.004 708.003 634.00
Net debt- 226.00389.00- 215.00-3.00- 163.00
Profitability
EBIT-%
ROA46.6 %20.0 %15.4 %17.3 %21.1 %
ROE51.1 %24.9 %29.6 %26.3 %23.9 %
ROI65.7 %30.2 %34.4 %33.8 %31.2 %
Economic value added (EVA)2 183.99650.46508.36588.22529.15
Solvency
Equity ratio75.4 %39.8 %56.0 %74.0 %76.7 %
Gearing25.1 %
Relative net indebtedness %
Liquidity
Quick ratio3.10.91.43.32.9
Current ratio4.01.81.83.04.4
Cash and cash equivalents226.0038.00215.003.00163.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:21.1%
Rating: 75/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:76.7%
Rating: 57/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

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