ALFA DEVELOPMENT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ALFA DEVELOPMENT A/S
ALFA DEVELOPMENT A/S (CVR number: 27528449K) is a company from GLADSAXE. The company reported a net sales of 118.2 mDKK in 2024, demonstrating a decline of -54 % compared to the previous year. The operating profit percentage was at 6.8 % (EBIT: 8.1 mDKK), while net earnings were -5283 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.9 %, which can be considered weak but Return on Equity (ROE) was -0.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 52.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. ALFA DEVELOPMENT A/S's liquidity measured by quick ratio was 2.5 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 691.67 | 605.20 | 310.05 | 256.87 | 118.18 |
Gross profit | 251.91 | 249.71 | 174.14 | 24.65 | 35.66 |
EBIT | 215.25 | 208.56 | 139.56 | 40.76 | 8.07 |
Net earnings | 158.05 | 152.46 | 132.60 | 70.89 | -5.28 |
Shareholders equity total | 898.72 | 1 065.56 | 1 198.17 | 1 129.05 | 998.77 |
Balance sheet total (assets) | 2 769.94 | 2 215.18 | 2 718.14 | 2 249.43 | 1 917.35 |
Net debt | -96.95 | 548.48 | 1 083.21 | 366.16 | 529.72 |
Profitability | |||||
EBIT-% | 31.1 % | 34.5 % | 45.0 % | 15.9 % | 6.8 % |
ROA | 7.9 % | 8.7 % | 7.1 % | 4.7 % | 0.9 % |
ROE | 19.2 % | 15.5 % | 11.7 % | 6.1 % | -0.5 % |
ROI | 7.9 % | 9.1 % | 7.6 % | 4.9 % | 0.9 % |
Economic value added (EVA) | 132.97 | 119.43 | 22.09 | -94.36 | - 103.87 |
Solvency | |||||
Equity ratio | 100.0 % | 48.5 % | 44.4 % | 50.2 % | 52.1 % |
Gearing | 73.3 % | 102.8 % | 87.6 % | 81.1 % | |
Relative net indebtedness % | -14.0 % | 129.2 % | 388.6 % | 169.2 % | 487.0 % |
Liquidity | |||||
Quick ratio | 1.4 | 0.5 | 2.1 | 2.5 | |
Current ratio | 2.4 | 0.8 | 2.6 | 3.7 | |
Cash and cash equivalents | 96.95 | 232.20 | 148.23 | 623.18 | 280.31 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.3 | 2.9 | 0.3 | 0.4 | |
Net working capital % | 14.0 % | 82.6 % | -49.0 % | 197.8 % | 291.4 % |
Credit risk | |||||
Credit rating | BBB | AAA | AAA | AAA | AA |
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