MIDDELFART SERVICE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 20 133.00 | 18 993.00 | 18 602.00 | 21 585.00 | 22 437.00 |
Gross profit | 15 285.00 | 14 165.00 | 13 910.00 | 15 163.00 | 18 183.00 |
EBIT | 23.00 | 958.00 | - 156.00 | 3.00 | -30.00 |
Net earnings | -6.00 | 723.00 | - 136.00 | 16.00 | 1.00 |
Shareholders equity total | 901.00 | 1 624.00 | 1 488.00 | 1 504.00 | 1 505.00 |
Balance sheet total (assets) | 6 442.00 | 4 665.00 | 4 476.00 | 5 588.00 | 5 399.00 |
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 % |
ROA | 0.4 % | 17.3 % | -3.4 % | 0.4 % | 0.1 % |
ROE | -0.7 % | 57.3 % | -8.7 % | 1.1 % | 0.1 % |
ROI | 2.1 % | 64.4 % | -8.1 % | 1.2 % | 0.2 % |
Economic value added (EVA) | -42.98 | 700.14 | - 224.55 | -87.20 | - 117.89 |
Solvency | |||||
Equity ratio | 14.0 % | 34.8 % | 33.2 % | 26.9 % | 27.9 % |
Gearing | 0.2 % | 26.2 % | 19.8 % | 16.3 % | 22.6 % |
Relative net indebtedness % | 9.6 % | 1.4 % | 2.0 % | 7.9 % | 8.8 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.3 | 1.3 | 1.3 | 1.3 |
Current ratio | 1.0 | 1.3 | 1.3 | 1.3 | 1.3 |
Cash and cash equivalents | 3 593.00 | 2 759.00 | 2 613.00 | 2 375.00 | 1 915.00 |
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 rating | BBB | BBB | BBB | BBB | BBB |
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