BLAASIGGAARD ApS — Credit Rating and Financial Key Figures

CVR number: 20600101
Akselholmsvej 53, 9800 Hjørring

Credit rating

Company information

Official name
BLAASIGGAARD ApS
Established
1998
Company form
Private limited company
Industry

About BLAASIGGAARD ApS

BLAASIGGAARD ApS (CVR number: 20600101) is a company from HJØRRING. The company recorded a gross profit of 139.7 kDKK in 2023. The operating profit was 118.1 kDKK, while net earnings were 41.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3 %, which can be considered weak but Return on Equity (ROE) was 11.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 9.7 %, 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. BLAASIGGAARD ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

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 profit215.2798.80125.81141.88139.74
EBIT193.6277.16104.17120.23118.09
Net earnings47.45- 241.8650.5245.0241.23
Shareholders equity total489.91248.05298.57343.58384.81
Balance sheet total (assets)4 110.614 041.644 033.114 006.353 968.40
Net debt3 523.163 716.413 699.672 775.992 567.71
Profitability
EBIT-%
ROA4.7 %1.9 %2.6 %3.0 %3.0 %
ROE10.2 %-65.5 %18.5 %14.0 %11.3 %
ROI4.8 %1.9 %2.6 %3.4 %3.9 %
Economic value added (EVA)-32.14- 100.89-59.66-56.36-58.90
Solvency
Equity ratio11.9 %6.1 %7.4 %8.6 %9.7 %
Gearing721.9 %1502.9 %1245.6 %814.4 %668.3 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.00.00.00.0
Current ratio0.10.00.00.00.0
Cash and cash equivalents13.3511.6019.3422.234.05
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:2.96%
Rating: 35/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:9.70%
Rating: 10/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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