Michael Serritzlew Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Michael Serritzlew Holding ApS
Michael Serritzlew Holding ApS (CVR number: 40115978) is a company from GRIBSKOV. The company recorded a gross profit of -12.2 kDKK in 2023. The operating profit was -34.1 kDKK, while net earnings were 60.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.3 %, which can be considered decent and Return on Equity (ROE) was 4.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 70.7 %, 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. Michael Serritzlew Holding ApS's liquidity measured by quick ratio was 2.4 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -10.28 | -10.43 | -11.79 | -9.48 | -12.24 |
EBIT | -32.12 | -32.27 | -33.63 | -31.32 | -34.08 |
Net earnings | 107.21 | 76.69 | 23.55 | 298.88 | 60.12 |
Shareholders equity total | 1 298.14 | 1 264.03 | 1 174.78 | 1 359.26 | 1 301.80 |
Balance sheet total (assets) | 1 512.76 | 1 469.22 | 1 463.22 | 1 688.11 | 1 841.76 |
Net debt | - 571.10 | - 669.83 | - 595.20 | - 464.96 | - 322.30 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.7 % | 5.1 % | 1.7 % | 19.9 % | 4.3 % |
ROE | 8.3 % | 6.0 % | 1.9 % | 23.6 % | 4.5 % |
ROI | 6.7 % | 5.3 % | 1.8 % | 20.5 % | 4.4 % |
Economic value added (EVA) | 16.00 | -15.59 | -15.52 | -20.14 | -14.66 |
Solvency | |||||
Equity ratio | 85.8 % | 86.0 % | 80.3 % | 80.5 % | 70.7 % |
Gearing | 13.0 % | 6.4 % | 14.4 % | 21.9 % | 33.5 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 4.3 | 4.6 | 3.2 | 2.6 | 2.4 |
Current ratio | 4.3 | 4.6 | 3.2 | 2.6 | 2.4 |
Cash and cash equivalents | 739.78 | 750.57 | 764.52 | 762.28 | 758.79 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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