MITECH ApS — Credit Rating and Financial Key Figures

CVR number: 35254684
Århusvej 26, Auning Mark 8963 Auning
mb@mitech.dk
tel: 23839514
www.mitech.dk

Credit rating

Company information

Official name
MITECH ApS
Personnel
34 persons
Established
2013
Domicile
Auning Mark
Company form
Private limited company
Industry
  • Expand more icon25Manufacture of fabricated metal products, except machinery and equipment

About MITECH ApS

MITECH ApS (CVR number: 35254684) is a company from NORDDJURS. The company recorded a gross profit of 26.6 mDKK in 2024. The operating profit was 8658.9 kDKK, while net earnings were 6570.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 49.6 %, which can be considered excellent and Return on Equity (ROE) was 63.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 61.7 %, 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. MITECH ApS's liquidity measured by quick ratio was 1.6 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 profit20 800.4025 294.8823 192.3623 532.2326 642.42
EBIT6 626.509 504.277 609.936 653.488 658.87
Net earnings5 142.147 397.885 880.984 939.586 570.49
Shareholders equity total9 384.6411 782.5210 663.509 603.0811 153.99
Balance sheet total (assets)14 618.3918 729.8920 330.0616 816.8718 091.84
Net debt-1 898.39-1 391.18-81.15867.71-2 982.88
Profitability
EBIT-%
ROA46.7 %57.0 %38.9 %35.8 %49.6 %
ROE56.7 %69.9 %52.4 %48.7 %63.3 %
ROI68.5 %85.0 %61.5 %56.0 %72.5 %
Economic value added (EVA)4 838.807 037.415 455.064 706.556 270.85
Solvency
Equity ratio64.2 %62.9 %52.5 %57.1 %61.7 %
Gearing7.8 %9.5 %4.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.71.50.90.81.6
Current ratio2.01.81.21.32.0
Cash and cash equivalents1 898.391 391.18909.6543.263 439.10
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:49.6%
Rating: 94/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:61.7%
Rating: 48/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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