MIDDELFART SERVICE A/S — Credit Rating and Financial Key Figures

CVR number: 32259316
Strandvejen 100, 5500 Middelfart
kontakt@middelfartspildevand.dk

Credit rating

Company information

Official name
MIDDELFART SERVICE A/S
Personnel
30 persons
Established
2009
Company form
Limited company
Industry

About MIDDELFART SERVICE A/S

MIDDELFART SERVICE A/S (CVR number: 32259316) is a company from MIDDELFART. The company reported a net sales of 22.4 mDKK in 2024, demonstrating a growth of 3.9 % compared to the previous year. The operating profit percentage was poor at -0.1 % (EBIT: -0 mDKK), while net earnings were 1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak and Return on Equity (ROE) was 0.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 27.9 %, 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. MIDDELFART SERVICE A/S's liquidity measured by quick ratio was 1.3 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales20 133.0018 993.0018 602.0021 585.0022 437.00
Gross profit15 285.0014 165.0013 910.0015 163.0018 183.00
EBIT23.00958.00- 156.003.00-30.00
Net earnings-6.00723.00- 136.0016.001.00
Shareholders equity total901.001 624.001 488.001 504.001 505.00
Balance sheet total (assets)6 442.004 665.004 476.005 588.005 399.00
Net debt-3 591.00-2 334.00-2 318.00-2 130.00-1 575.00
Profitability
EBIT-%0.1 %5.0 %-0.8 %0.0 %-0.1 %
ROA0.4 %17.3 %-3.4 %0.4 %0.1 %
ROE-0.7 %57.3 %-8.7 %1.1 %0.1 %
ROI2.1 %64.4 %-8.1 %1.2 %0.2 %
Economic value added (EVA)-42.98700.14- 224.55-87.20- 117.89
Solvency
Equity ratio14.0 %34.8 %33.2 %26.9 %27.9 %
Gearing0.2 %26.2 %19.8 %16.3 %22.6 %
Relative net indebtedness %9.6 %1.4 %2.0 %7.9 %8.8 %
Liquidity
Quick ratio1.01.31.31.31.3
Current ratio1.01.31.31.31.3
Cash and cash equivalents3 593.002 759.002 613.002 375.001 915.00
Capital use efficiency
Trade debtors turnover (days)2.4
Net working capital %0.8 %5.4 %5.4 %5.0 %4.9 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:0.07%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:27.9%
Rating: 25/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member
Chief executive officer

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