Morten Minke Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Morten Minke Holding ApS
Morten Minke Holding ApS (CVR number: 40766510) is a company from AARHUS. The company reported a net sales of 1.1 mDKK in 2025, demonstrating a growth of 11 % compared to the previous year. The operating profit percentage was at 99 % (EBIT: 1.1 mDKK), while net earnings were 1106.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 41.9 %, which can be considered excellent and Return on Equity (ROE) was 53.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 75.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Morten Minke Holding ApS's liquidity measured by quick ratio was 2.6 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 122.68 | 477.32 | 988.70 | 1 097.35 | |
| Gross profit | 118.78 | 471.07 | -7.50 | 969.70 | 1 086.37 |
| EBIT | 118.78 | 471.07 | -7.50 | 969.70 | 1 086.37 |
| Net earnings | 119.60 | 469.25 | 3.49 | 989.02 | 1 106.24 |
| Shareholders equity total | 115.70 | 584.94 | 588.43 | 1 577.45 | 2 561.69 |
| Balance sheet total (assets) | 154.72 | 600.37 | 615.65 | 1 890.26 | 3 398.79 |
| Net debt | 3.95 | 10.41 | 18.10 | 31.50 | 102.59 |
| Profitability | |||||
| EBIT-% | 96.8 % | 98.7 % | 98.1 % | 99.0 % | |
| ROA | 148.7 % | 124.8 % | 0.8 % | 79.1 % | 41.9 % |
| ROE | 204.8 % | 133.9 % | 0.6 % | 91.3 % | 53.5 % |
| ROI | 198.5 % | 131.8 % | 0.8 % | 89.3 % | 51.8 % |
| Economic value added (EVA) | 119.85 | 466.99 | -37.42 | 939.03 | 1 004.37 |
| Solvency | |||||
| Equity ratio | 74.8 % | 97.4 % | 95.6 % | 83.5 % | 75.4 % |
| Gearing | 3.4 % | 1.8 % | 3.1 % | 2.2 % | 4.0 % |
| Relative net indebtedness % | 31.8 % | 3.2 % | 31.3 % | 76.3 % | |
| Liquidity | |||||
| Quick ratio | 0.8 | 0.1 | 0.2 | 10.7 | 2.6 |
| Current ratio | 0.8 | 0.1 | 0.2 | 10.7 | 2.6 |
| Cash and cash equivalents | 0.02 | 0.02 | 3.83 | ||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | -5.7 % | -2.8 % | 42.3 % | 56.0 % | |
| Credit risk | |||||
| Credit rating | BB | BBB | BBB | A | A |
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