MAKEEN Gas Equipment ApS — Credit Rating and Financial Key Figures

CVR number: 41246332
Alsvej 21, 8940 Randers SV

Company information

Official name
MAKEEN Gas Equipment ApS
Established
2020
Company form
Private limited company
Industry

About MAKEEN Gas Equipment ApS

MAKEEN Gas Equipment ApS (CVR number: 41246332K) is a company from RANDERS. The company reported a net sales of 903.1 mDKK in 2024, demonstrating a growth of 13.4 % compared to the previous year. The operating profit percentage was at 5.2 % (EBIT: 46.8 mDKK), while net earnings were 27.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12 %, which can be considered good but Return on Equity (ROE) was 21.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 29.3 %, 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. MAKEEN Gas Equipment ApS's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales310.70553.12747.14796.27903.12
Gross profit711.00140.69198.31197.12221.83
EBIT5.4041.2467.0966.0346.83
Net earnings-0.8022.2442.0539.9427.05
Shareholders equity total-0.8025.8671.47108.70140.19
Balance sheet total (assets)238.70310.97361.65352.01492.98
Net debt-21.80202.71187.52158.60135.46
Profitability
EBIT-%1.7 %7.5 %9.0 %8.3 %5.2 %
ROA2.3 %14.8 %20.5 %19.4 %12.0 %
ROE100.0 %177.6 %86.4 %44.3 %21.7 %
ROI2.3 %16.1 %24.5 %23.6 %15.8 %
Economic value added (EVA)5.4030.2836.4833.9622.88
Solvency
Equity ratio8.3 %19.8 %30.9 %29.3 %
Gearing938.4 %313.5 %167.0 %148.7 %
Relative net indebtedness %-7.0 %44.3 %33.9 %27.7 %30.8 %
Liquidity
Quick ratio0.70.60.71.0
Current ratio1.21.21.31.7
Cash and cash equivalents21.8039.9136.5722.8973.04
Capital use efficiency
Trade debtors turnover (days)0.834.234.335.0
Net working capital %7.0 %6.7 %6.2 %7.5 %18.4 %
Credit risk
Credit ratingBBBAAAAAAA

Variable visualization

ROA:12.0%
Rating: 62/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:29.3%
Rating: 26/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer
Board member

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