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Midtgaard Engineering ApS — Credit Rating and Financial Key Figures

CVR number: 41177624
Strandvejen 675 A, 2930 Klampenborg
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Company information

Official name
Midtgaard Engineering ApS
Established
2020
Company form
Private limited company
Industry

About Midtgaard Engineering ApS

Midtgaard Engineering ApS (CVR number: 41177624) is a company from LYNGBY-TAARBÆK. The company recorded a gross profit of 32.1 kDKK in 2025, demonstrating a decline of -87.3 % compared to the previous year. The operating profit was 32.1 kDKK, while net earnings were 25 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.4 %, which can be considered excellent and Return on Equity (ROE) was 20.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 81.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Midtgaard Engineering ApS's liquidity measured by quick ratio was 5.5 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2021
2022
2023
2024
2025
Volume
Net sales279.33152.98216.96347.11
Gross profit220.8777.42113.75251.9832.06
EBIT220.8777.42113.75251.9832.06
Net earnings172.2860.3888.73196.5425.00
Shareholders equity total466.76426.51519.27106.08135.59
Balance sheet total (assets)467.10450.77548.39133.73165.97
Net debt- 460.20- 418.78- 499.63- 101.94- 127.57
Profitability
EBIT-%79.1 %50.6 %52.4 %72.6 %
ROA53.2 %16.9 %22.8 %73.9 %21.4 %
ROE45.3 %13.5 %18.8 %62.9 %20.7 %
ROI53.2 %16.9 %22.8 %73.9 %21.4 %
Economic value added (EVA)154.0236.9166.08168.9918.28
Solvency
Equity ratio99.9 %94.6 %94.7 %79.3 %81.7 %
Gearing0.1 %5.7 %5.6 %26.1 %22.4 %
Relative net indebtedness %-164.8 %-273.7 %-230.3 %-29.4 %
Liquidity
Quick ratio1 386.018.618.84.85.5
Current ratio1 386.018.618.84.85.5
Cash and cash equivalents460.54443.05528.75129.59157.95
Capital use efficiency
Trade debtors turnover (days)
Net working capital %167.1 %278.8 %239.3 %30.6 %
Credit risk
Credit ratingAAAAAAAA

Variable visualization

ROA:21.4%
Rating: 76/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:81.7%
Rating: 61/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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