SØREN BAK HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 28850301
Keglebakken 4, Grejs 7100 Vejle

Company information

Official name
SØREN BAK HOLDING ApS
Established
2005
Domicile
Grejs
Company form
Private limited company
Industry

About SØREN BAK HOLDING ApS

SØREN BAK HOLDING ApS (CVR number: 28850301) is a company from VEJLE. The company reported a net sales of 1 mDKK in 2023, demonstrating a decline of -6.2 % compared to the previous year. The operating profit percentage was at 99.4 % (EBIT: 1 mDKK), while net earnings were 983 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.7 %, which can be considered good and Return on Equity (ROE) was 10.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 98.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. SØREN BAK HOLDING ApS's liquidity measured by quick ratio was 9.7 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 889.52836.021 483.561 051.75986.97
Gross profit1 887.65831.581 478.66934.38981.47
EBIT1 887.65831.581 478.66934.38981.47
Net earnings1 888.70826.731 472.26928.64982.97
Shareholders equity total5 753.996 490.727 849.988 664.229 529.39
Balance sheet total (assets)6 291.317 066.958 268.398 747.709 690.95
Net debt-1.59136.07- 579.31- 463.96- 675.55
Profitability
EBIT-%99.9 %99.5 %99.7 %88.8 %99.4 %
ROA35.3 %12.6 %19.3 %11.0 %10.7 %
ROE38.8 %13.5 %20.5 %11.2 %10.8 %
ROI39.0 %13.6 %20.2 %11.2 %10.8 %
Economic value added (EVA)2 003.751 071.261 767.611 271.391 322.36
Solvency
Equity ratio91.5 %91.8 %94.9 %99.0 %98.3 %
Gearing2.6 %1.8 %
Relative net indebtedness %28.4 %64.7 %-20.2 %-36.2 %-52.1 %
Liquidity
Quick ratio1.41.22.511.49.7
Current ratio1.41.22.511.49.7
Cash and cash equivalents1.5935.66718.05463.96675.55
Capital use efficiency
Trade debtors turnover (days)
Net working capital %10.1 %11.0 %42.1 %82.9 %141.8 %
Credit risk
Credit ratingAAAAAAAA

Variable visualization

ROA:10.7%
Rating: 59/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:98.3%
Rating: 80/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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