Multimadsen ApS — Credit Rating and Financial Key Figures

CVR number: 42404438

Rosenhaven 9, Bogense 5400 Bogense

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Credit rating

Credit rating: B

How is our credit rating calculated?

4 / 100

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About Multimadsen ApS

Multimadsen ApS (CVR number: 42404438) is a company from NORDFYNS. The company reported a net sales of 0.7 mDKK in 2023, demonstrating a growth of 13.7 % compared to the previous year. The operating profit percentage was at 4.1 % (EBIT: 0 mDKK), while net earnings were 18.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 31.5 %, which can be considered excellent and Return on Equity (ROE) was 24.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -7.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Multimadsen ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

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Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

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	2021	2022	2023
Volume
Net sales	347.28	628.30	714.15
Gross profit	287.77	513.78	612.55
EBIT	-16.74	-38.01	29.29
Net earnings	-16.74	-48.72	18.78
Shareholders equity total	22.78	-25.94	-7.17
Balance sheet total (assets)	78.25	59.53	93.53
Net debt	-78.25	-59.53	-8.53
Profitability
EBIT-%	-4.8 %	-6.0 %	4.1 %
ROA	-21.4 %	-46.4 %	31.5 %
ROE	-73.5 %	-118.4 %	24.5 %
ROI	-73.5 %	-333.8 %
Economic value added (EVA)	-16.74	-35.22	33.59
Solvency
Equity ratio	29.1 %	-30.3 %	-7.1 %
Gearing
Relative net indebtedness %	-6.6 %	4.1 %	12.9 %
Liquidity
Quick ratio	1.4	0.7	0.7
Current ratio	1.4	0.7	0.7
Cash and cash equivalents	78.25	59.53	8.53
Capital use efficiency
Trade debtors turnover (days)
Net working capital %	6.6 %	-4.1 %	-4.5 %
Credit risk
Credit rating	B	BB	B