MEINERT KURT MIKKELSEN HOLDING ApS — Credit Rating and Financial Key Figures

MEINERT KURT MIKKELSEN HOLDING ApS (CVR number: 35646833) is a company from BILLUND. The company recorded a gross profit of -1.4 kDKK in 2023. The operating profit was -1.4 kDKK, while net earnings were 224.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 31.1 %, which can be considered excellent and Return on Equity (ROE) was 89.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38.7 %, 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. MEINERT KURT MIKKELSEN HOLDING ApS's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.