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BILGAARD HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About BILGAARD HOLDING ApS
BILGAARD HOLDING ApS (CVR number: 29813345) is a company from VARDE. The company recorded a gross profit of 49.7 kDKK in 2025. The operating profit was 17.4 kDKK, while net earnings were -83.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.2 %, which can be considered weak but Return on Equity (ROE) was -8.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.4 %, 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. BILGAARD HOLDING ApS's liquidity measured by quick ratio was 0.7 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 42.09 | 51.29 | 46.44 | 51.51 | 49.73 |
| EBIT | 9.79 | 18.99 | 14.14 | 19.21 | 17.43 |
| Net earnings | 278.05 | -93.39 | 375.80 | 168.18 | -83.32 |
| Shareholders equity total | 964.96 | 757.17 | 1 015.17 | 1 061.35 | 843.03 |
| Balance sheet total (assets) | 2 260.14 | 2 121.95 | 2 386.74 | 2 067.50 | 1 900.21 |
| Net debt | 966.15 | 1 198.09 | 1 185.89 | 823.32 | 916.61 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 13.7 % | 3.5 % | 17.4 % | 10.1 % | 0.2 % |
| ROE | 31.5 % | -10.8 % | 42.4 % | 16.2 % | -8.8 % |
| ROI | 13.8 % | 3.5 % | 17.4 % | 10.1 % | 0.2 % |
| Economic value added (EVA) | - 100.88 | -94.31 | -92.27 | - 100.49 | -86.16 |
| Solvency | |||||
| Equity ratio | 42.7 % | 35.7 % | 42.5 % | 51.3 % | 44.4 % |
| Gearing | 133.8 % | 179.7 % | 134.6 % | 94.2 % | 124.4 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.8 | 0.6 | 0.8 | 0.8 | 0.7 |
| Current ratio | 0.8 | 0.6 | 0.8 | 0.8 | 0.7 |
| Cash and cash equivalents | 324.84 | 162.32 | 180.91 | 176.57 | 132.43 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | A | A | A |
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