HORSTMANN ADVOKATER ADVOKATPARTNERSELSKAB — Credit Rating and Financial Key Figures

CVR number: 33771088
Sct. Mathias Gade 23 B, 8800 Viborg
adv@horstmann.dk
tel: 87274700
www.horstmann.dk

Credit rating

Company information

Official name
HORSTMANN ADVOKATER ADVOKATPARTNERSELSKAB
Personnel
7 persons
Established
2011
Industry

About HORSTMANN ADVOKATER ADVOKATPARTNERSELSKAB

HORSTMANN ADVOKATER ADVOKATPARTNERSELSKAB (CVR number: 33771088) is a company from VIBORG. The company recorded a gross profit of 7436.6 kDKK in 2024. The operating profit was 1296.4 kDKK, while net earnings were 1328.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.9 %, which can be considered excellent and Return on Equity (ROE) was 74.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.2 %, 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. HORSTMANN ADVOKATER ADVOKATPARTNERSELSKAB's liquidity measured by quick ratio was 1.5 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit6 607.498 102.918 120.827 126.897 436.63
EBIT1 651.531 680.061 580.001 239.081 296.36
Net earnings1 607.791 673.291 563.251 246.731 328.67
Shareholders equity total2 357.792 423.292 313.251 746.731 828.67
Balance sheet total (assets)4 173.124 364.484 596.594 319.734 915.44
Net debt-1 538.96-1 877.48-2 476.85-2 359.67-2 603.04
Profitability
EBIT-%
ROA42.6 %39.7 %35.3 %28.1 %28.9 %
ROE69.8 %70.0 %66.0 %61.4 %74.3 %
ROI70.1 %69.8 %65.9 %61.2 %74.5 %
Economic value added (EVA)1 605.001 638.911 552.571 247.301 327.16
Solvency
Equity ratio56.8 %55.8 %50.6 %40.7 %37.2 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio2.22.21.91.61.5
Current ratio2.22.11.91.61.5
Cash and cash equivalents1 538.961 877.482 476.852 359.672 603.04
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:28.9%
Rating: 83/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:37.2%
Rating: 31/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member

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