HEAVY DUTY EUROPE ApS — Credit Rating and Financial Key Figures

CVR number: 36450363
Refshalevej 165 B, 1432 København K

Credit rating

Company information

Official name
HEAVY DUTY EUROPE ApS
Established
2014
Company form
Private limited company
Industry

About HEAVY DUTY EUROPE ApS

HEAVY DUTY EUROPE ApS (CVR number: 36450363) is a company from KØBENHAVN. The company recorded a gross profit of 560.1 kDKK in 2023. The operating profit was 215.3 kDKK, while net earnings were 143.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.5 %, which can be considered excellent and Return on Equity (ROE) was 28 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 42.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. HEAVY DUTY EUROPE ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

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 profit247.74244.21243.42497.59560.14
EBIT152.46120.77109.6648.67215.35
Net earnings82.5980.8065.569.25143.37
Shareholders equity total284.09364.89430.45439.69583.06
Balance sheet total (assets)915.231 097.371 199.011 320.301 366.36
Net debt494.64-55.80-64.21101.98- 126.73
Profitability
EBIT-%
ROA15.7 %13.6 %10.5 %4.3 %16.5 %
ROE34.0 %24.9 %16.5 %2.1 %28.0 %
ROI16.6 %20.7 %24.6 %9.2 %33.2 %
Economic value added (EVA)110.3280.9169.3719.55145.90
Solvency
Equity ratio31.0 %34.1 %35.9 %33.3 %42.7 %
Gearing181.1 %23.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.50.20.10.5
Current ratio0.00.50.20.10.5
Cash and cash equivalents19.7455.8064.21126.73
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:16.5%
Rating: 69/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:42.7%
Rating: 35/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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