BELLE KUNST ApS — Credit Rating and Financial Key Figures

CVR number: 87773612
Vejlevej 145, Belle 7140 Stouby

Credit rating

Company information

Official name
BELLE KUNST ApS
Personnel
4 persons
Established
1978
Domicile
Belle
Company form
Private limited company
Industry

About BELLE KUNST ApS

BELLE KUNST ApS (CVR number: 87773612) is a company from HEDENSTED. The company recorded a gross profit of 1551.4 kDKK in 2023. The operating profit was 59.3 kDKK, while net earnings were 20.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.9 %, which can be considered weak and Return on Equity (ROE) was 1.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 55.7 %, 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. BELLE KUNST ApS's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit1 655.002 288.222 282.671 681.101 551.40
EBIT279.65952.35772.14207.7859.31
Net earnings191.74729.55596.77146.9220.17
Shareholders equity total702.581 282.131 698.901 575.821 595.99
Balance sheet total (assets)2 611.013 252.883 371.933 124.583 217.71
Net debt61.274.85-31.3994.0392.11
Profitability
EBIT-%
ROA10.1 %32.5 %23.4 %6.4 %1.9 %
ROE31.6 %73.5 %40.0 %9.0 %1.3 %
ROI21.3 %71.3 %45.7 %11.7 %3.4 %
Economic value added (EVA)194.28711.21541.8180.78-34.22
Solvency
Equity ratio30.7 %42.8 %54.1 %56.2 %55.7 %
Gearing23.5 %11.0 %8.0 %9.6 %10.4 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.30.30.10.2
Current ratio1.61.82.02.12.0
Cash and cash equivalents103.71136.25168.1256.9373.17
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:1.87%
Rating: 29/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:55.7%
Rating: 44/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board

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