UDVIKLINGSSELSKABET IKAST ApS — Credit Rating and Financial Key Figures

CVR number: 28479646
Østre Kirkevej 2 B, 7400 Herning
pp@kpri.dk
tel: 22727309

Company information

Official name
UDVIKLINGSSELSKABET IKAST ApS
Established
2005
Company form
Private limited company
Industry

About UDVIKLINGSSELSKABET IKAST ApS

UDVIKLINGSSELSKABET IKAST ApS (CVR number: 28479646) is a company from HERNING. The company recorded a gross profit of 682.1 kDKK in 2023. The operating profit was 682.1 kDKK, while net earnings were 233.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.3 %, which can be considered decent but Return on Equity (ROE) was 8.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 18.7 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. UDVIKLINGSSELSKABET IKAST ApS's liquidity measured by quick ratio was 1.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit675.78687.07683.51659.19682.08
EBIT612.52650.54275.46309.19682.08
Net earnings382.12408.83123.55123.01233.46
Shareholders equity total2 107.772 516.602 640.152 763.162 996.62
Balance sheet total (assets)15 857.9716 271.7016 094.5715 796.4116 043.75
Net debt13 273.7312 753.0412 469.4912 408.8412 325.63
Profitability
EBIT-%
ROA3.9 %4.0 %1.7 %1.9 %4.3 %
ROE19.9 %17.7 %4.8 %4.6 %8.1 %
ROI4.0 %4.2 %1.8 %2.0 %4.4 %
Economic value added (EVA)4.8616.70- 282.30- 263.2713.75
Solvency
Equity ratio13.3 %15.5 %16.4 %17.5 %18.7 %
Gearing629.8 %518.8 %483.1 %454.4 %419.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.41.71.72.01.2
Current ratio1.41.71.62.01.2
Cash and cash equivalents303.28285.22146.02233.44
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:4.31%
Rating: 41/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:18.7%
Rating: 18/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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