MINDTECH FINANS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MINDTECH FINANS A/S
MINDTECH FINANS A/S (CVR number: 84940410) is a company from VEJLE. The company recorded a gross profit of -38.6 kDKK in 2024. The operating profit was -38.6 kDKK, while net earnings were -1105.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -21.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 88.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MINDTECH FINANS A/S's liquidity measured by quick ratio was 9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -29.50 | - 110.47 | -94.91 | -31.85 | -38.56 |
| EBIT | -29.50 | - 110.47 | -94.91 | -31.85 | -38.56 |
| Net earnings | 3 716.38 | -2 632.16 | 621.14 | - 244.45 | -1 105.91 |
| Shareholders equity total | 9 813.09 | 7 067.93 | 7 274.67 | 6 912.42 | 3 306.52 |
| Balance sheet total (assets) | 11 276.28 | 7 583.23 | 7 520.46 | 7 267.54 | 3 721.90 |
| Net debt | -10 816.67 | -7 085.41 | -7 325.82 | -7 032.28 | -3 346.92 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 53.3 % | 0.8 % | 8.6 % | -0.1 % | 0.1 % |
| ROE | 46.4 % | -31.2 % | 8.7 % | -3.4 % | -21.6 % |
| ROI | 57.6 % | 0.9 % | 8.7 % | -0.1 % | 0.1 % |
| Economic value added (EVA) | - 349.15 | - 619.72 | - 469.01 | - 403.16 | - 390.93 |
| Solvency | |||||
| Equity ratio | 87.0 % | 93.2 % | 96.7 % | 95.1 % | 88.8 % |
| Gearing | 3.3 % | 5.4 % | 1.5 % | 1.4 % | 5.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 7.6 | 14.6 | 30.6 | 20.5 | 9.0 |
| Current ratio | 7.7 | 14.7 | 30.6 | 20.5 | 9.0 |
| Cash and cash equivalents | 11 138.04 | 7 465.67 | 7 434.13 | 7 131.45 | 3 539.47 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BB | BBB | BBB | BB |
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