MICHAEL VELLING HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 33867077
Østre Boulevard 6 A, Dronningborg 8930 Randers NØ

Company information

Official name
MICHAEL VELLING HOLDING ApS
Established
2011
Domicile
Dronningborg
Company form
Private limited company
Industry

About MICHAEL VELLING HOLDING ApS

MICHAEL VELLING HOLDING ApS (CVR number: 33867077) is a company from RANDERS. The company recorded a gross profit of -20 kDKK in 2023. The operating profit was -20 kDKK, while net earnings were 3006 kDKK. The profitability of the company measured by Return on Assets (ROA) was 55.4 %, which can be considered excellent and Return on Equity (ROE) was 58 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 96.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MICHAEL VELLING HOLDING ApS's liquidity measured by quick ratio was 0 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-6.06-5.94-7.94-7.94-19.97
EBIT-6.06-5.94-7.94-7.94-19.97
Net earnings45.5088.63- 156.17914.683 005.96
Shareholders equity total3 272.973 061.602 848.933 706.416 653.47
Balance sheet total (assets)3 282.063 245.343 091.024 024.756 888.69
Net debt-14.03131.92230.21295.37200.04
Profitability
EBIT-%
ROA1.4 %2.9 %-4.8 %26.1 %55.4 %
ROE1.4 %2.8 %-5.3 %27.9 %58.0 %
ROI1.4 %2.9 %-4.9 %26.3 %55.7 %
Economic value added (EVA)99.1486.38104.4790.65127.72
Solvency
Equity ratio99.7 %94.3 %92.2 %92.1 %96.6 %
Gearing4.5 %8.1 %8.0 %3.0 %
Relative net indebtedness %
Liquidity
Quick ratio15.60.00.00.0
Current ratio15.60.00.00.0
Cash and cash equivalents14.035.980.940.70
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBAA

Variable visualization

ROA:55.4%
Rating: 97/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:96.6%
Rating: 78/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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