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MIDTFJORD EL A/S — Credit Rating and Financial Key Figures

CVR number: 78872217
Limfjordsvej 10, 9670 Løgstør
info@midtfjordel.dk
tel: 98671933
Free credit report Annual report

Credit rating

Company information

Official name
MIDTFJORD EL A/S
Personnel
38 persons
Established
1985
Company form
Limited company
Industry

About MIDTFJORD EL A/S

MIDTFJORD EL A/S (CVR number: 78872217) is a company from VESTHIMMERLANDS. The company recorded a gross profit of 17.6 mDKK in 2025. The operating profit was 480.2 kDKK, while net earnings were 196 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.7 %, which can be considered weak and Return on Equity (ROE) was 2.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 37.9 %, 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. MIDTFJORD EL A/S's liquidity measured by quick ratio was 1.5 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
2021
2022
2023
2024
2025
Volume
Net sales
Gross profit16 578.6117 242.4016 082.9719 890.8517 648.67
EBIT2 906.223 233.854 577.542 197.23480.16
Net earnings2 454.663 010.882 455.081 273.37196.02
Shareholders equity total3 952.015 362.896 217.977 491.346 187.36
Balance sheet total (assets)17 307.0922 297.5018 831.9918 445.3116 457.65
Net debt270.39-6 387.08-4 950.34-4 911.14927.41
Profitability
EBIT-%
ROA20.6 %19.7 %18.4 %11.9 %3.7 %
ROE78.6 %64.6 %42.4 %18.6 %2.9 %
ROI47.2 %46.0 %42.8 %23.2 %6.7 %
Economic value added (EVA)2 010.002 178.783 052.211 272.76- 162.20
Solvency
Equity ratio22.8 %24.1 %33.0 %41.5 %37.9 %
Gearing35.3 %18.0 %16.2 %17.7 %20.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.21.21.31.61.5
Current ratio1.41.31.51.91.8
Cash and cash equivalents1 123.817 353.075 957.026 240.19313.64
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:3.70%
Rating: 39/100
-20%
0%
4%
11%
24%
60%
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Equity ratio:37.9%
Rating: 32/100
-1%
21%
50%
81%
99%
100%
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Roles

Board member
Chairman of the board

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