SØREN MØRCH ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About SØREN MØRCH ApS
SØREN MØRCH ApS (CVR number: 10788870) is a company from KØBENHAVN. The company reported a net sales of 0 mDKK in 2023, demonstrating a decline of -7.2 % compared to the previous year. The operating profit percentage was poor at -451.1 % (EBIT: -0 mDKK), while net earnings were -47.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -24.6 %, which can be considered poor and Return on Equity (ROE) was -35.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 63.3 %, 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. SØREN MØRCH ApS's liquidity measured by quick ratio was 2.7 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 62.16 | 71.66 | 67.95 | 11.24 | 10.44 |
Gross profit | 62.16 | 71.66 | 67.95 | -37.86 | -33.95 |
EBIT | 11.10 | 14.17 | 2.19 | -50.86 | -47.08 |
Net earnings | 6.59 | 18.38 | 0.60 | -53.06 | -47.08 |
Shareholders equity total | 191.11 | 209.48 | 210.09 | 157.02 | 109.95 |
Balance sheet total (assets) | 473.33 | 356.08 | 326.63 | 208.90 | 173.75 |
Net debt | - 241.15 | - 250.43 | - 255.00 | - 208.90 | - 173.75 |
Profitability | |||||
EBIT-% | 17.9 % | 19.8 % | 3.2 % | -452.4 % | -451.1 % |
ROA | 2.7 % | 3.4 % | 0.7 % | -19.0 % | -24.6 % |
ROE | 3.5 % | 9.2 % | 0.3 % | -28.9 % | -35.3 % |
ROI | 6.0 % | 7.1 % | 1.1 % | -27.7 % | -35.3 % |
Economic value added (EVA) | 5.92 | 20.86 | 4.24 | -48.60 | -44.47 |
Solvency | |||||
Equity ratio | 40.4 % | 58.8 % | 64.3 % | 75.2 % | 63.3 % |
Gearing | |||||
Relative net indebtedness % | 66.1 % | -144.9 % | -203.8 % | -1396.8 % | -1053.6 % |
Liquidity | |||||
Quick ratio | 1.3 | 2.0 | 2.5 | 4.0 | 2.7 |
Current ratio | 1.3 | 2.0 | 2.5 | 4.0 | 2.7 |
Cash and cash equivalents | 241.15 | 250.43 | 255.00 | 208.90 | 173.75 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 728.4 | ||||
Net working capital % | 134.7 % | 204.9 % | 265.6 % | 1396.8 % | 1053.6 % |
Credit risk | |||||
Credit rating | BBB | BBB | BB | C | B |
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