KORNING HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 28693656
Kværsvej 2, Lundtoft 6200 Aabenraa

Credit rating

Company information

Official name
KORNING HOLDING ApS
Established
2005
Domicile
Lundtoft
Company form
Private limited company
Industry

About KORNING HOLDING ApS

KORNING HOLDING ApS (CVR number: 28693656) is a company from AABENRAA. The company recorded a gross profit of 58.3 kDKK in 2024. The operating profit was 42.1 kDKK, while net earnings were 98.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.2 %, which can be considered weak and Return on Equity (ROE) was 1.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 93.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. KORNING HOLDING ApS's liquidity measured by quick ratio was 21.5 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit21.6956.9778.2478.6958.29
EBIT8.3641.8563.1263.5742.08
Net earnings400.31218.36333.232 727.9498.06
Shareholders equity total3 348.263 453.633 672.466 282.594 580.65
Balance sheet total (assets)3 680.243 823.034 045.186 607.004 908.64
Net debt246.53263.5871.28-18.07-1 187.46
Profitability
EBIT-%
ROA11.7 %6.4 %9.1 %51.9 %2.2 %
ROE12.5 %6.4 %9.4 %54.8 %1.8 %
ROI11.7 %6.5 %9.3 %52.4 %2.3 %
Economic value added (EVA)112.75124.06126.56117.2193.30
Solvency
Equity ratio91.0 %90.3 %90.8 %95.1 %93.3 %
Gearing9.3 %9.0 %8.6 %4.3 %5.8 %
Relative net indebtedness %
Liquidity
Quick ratio1.02.23.98.921.5
Current ratio1.02.23.98.921.5
Cash and cash equivalents63.9548.95243.52285.581 455.14
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBABBB

Variable visualization

ROA:2.25%
Rating: 31/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:93.3%
Rating: 74/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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