MIDT VEST VVS ApS — Credit Rating and Financial Key Figures

CVR number: 12239807
Industriarealet 8, 6990 Ulfborg
tel: 97492391

Credit rating

Company information

Official name
MIDT VEST VVS ApS
Personnel
1 person
Established
1988
Company form
Private limited company
Industry

About MIDT VEST VVS ApS

MIDT VEST VVS ApS (CVR number: 12239807) is a company from HOLSTEBRO. The company recorded a gross profit of 1311.5 kDKK in 2023. The operating profit was 256.2 kDKK, while net earnings were 200 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.5 %, which can be considered good but Return on Equity (ROE) was 27.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 21.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. MIDT VEST VVS ApS's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

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 profit945.121 009.581 341.811 557.651 311.50
EBIT284.67300.75563.19500.91256.23
Net earnings250.92267.22453.03406.57200.04
Shareholders equity total836.47864.731 088.641 062.00410.04
Balance sheet total (assets)1 919.341 672.262 159.181 639.561 893.93
Net debt- 658.63- 758.30-1 073.00- 659.22- 885.56
Profitability
EBIT-%
ROA17.2 %19.0 %30.4 %27.5 %14.5 %
ROE27.5 %31.4 %46.4 %37.8 %27.2 %
ROI24.2 %31.9 %56.2 %45.8 %25.2 %
Economic value added (EVA)253.16288.08479.57442.94179.28
Solvency
Equity ratio43.6 %51.7 %50.4 %64.8 %21.7 %
Gearing49.8 %9.8 %0.0 %134.8 %
Relative net indebtedness %
Liquidity
Quick ratio1.11.21.32.31.1
Current ratio1.21.31.42.31.1
Cash and cash equivalents1 075.41758.301 179.93659.231 438.29
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:14.5%
Rating: 65/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:21.7%
Rating: 20/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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