TWIN HEAT A/S — Credit Rating and Financial Key Figures
CVR number: 27549012
Nørrevangen 7, 9631 Gedsted
Income statement (kDKK)
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Fiscal period length | 12 | 12 | 12 | 12 | 12 |
| Net sales | |||||
| Gross profit | 5 163.98 | 6 334.18 | 8 163.73 | 9 609.10 | 7 724.68 |
| Employee benefit expenses | -4 359.13 | -5 217.37 | -6 452.78 | -7 342.31 | -6 585.76 |
| Other operating expenses | -28.19 | ||||
| Total depreciation | - 406.55 | - 446.22 | - 477.50 | - 442.49 | - 360.75 |
| EBIT | 398.30 | 642.39 | 1 233.45 | 1 824.30 | 778.17 |
| Other financial income | 93.42 | 93.84 | 111.64 | 117.65 | 69.88 |
| Other financial expenses | - 163.21 | - 128.70 | - 246.74 | - 271.60 | - 298.63 |
| Pre-tax profit | 328.51 | 607.53 | 1 098.34 | 1 670.35 | 549.41 |
| Income taxes | -50.59 | - 134.89 | - 259.70 | - 378.53 | - 121.83 |
| Net earnings | 277.92 | 472.64 | 838.64 | 1 291.81 | 427.59 |
Assets (kDKK)
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Development expenditure | 2 527.62 | 2 252.77 | 1 946.61 | 1 647.98 | 1 358.71 |
| Intangible rights | 213.69 | 145.95 | 78.22 | 13.79 | 9.53 |
| Intangible assets total | 2 741.31 | 2 398.73 | 2 024.83 | 1 661.77 | 1 368.23 |
| Buildings | 97.14 | 72.27 | 52.53 | 107.57 | 87.05 |
| Machinery and equipment | 350.25 | 284.47 | 200.61 | 138.89 | 380.36 |
| Tangible assets total | 447.38 | 356.74 | 253.14 | 246.46 | 467.42 |
| Investments total | |||||
| Non-current loans receivable | 23.36 | 23.97 | 23.39 | 31.35 | 29.17 |
| Long term receivables total | 23.36 | 23.97 | 23.39 | 31.35 | 29.17 |
| Semifinished products | 1 579.50 | 1 938.48 | 4 856.14 | 2 645.00 | 2 135.00 |
| Raw materials and consumables | 1 279.50 | 2 751.39 | 1 517.32 | 1 362.47 | 1 112.44 |
| Finished products/goods | 2 192.30 | 1 563.29 | 2 154.85 | 3 365.50 | 3 150.50 |
| Inventories total | 5 051.31 | 6 253.15 | 8 528.31 | 7 372.97 | 6 397.94 |
| Current trade debtors | 1 060.98 | 2 284.92 | 1 518.17 | 1 391.04 | 1 187.44 |
| Current amounts owed by group member comp. | 1 299.66 | 1 668.10 | 2 874.49 | 1 096.88 | 1 204.76 |
| Prepayments and accrued income | 62.35 | 110.68 | 91.07 | 79.62 | 84.13 |
| Current other receivables | 91.00 | 29.97 | 5.07 | 124.21 | |
| Current deferred tax assets | 46.92 | ||||
| Short term receivables total | 2 560.90 | 4 093.67 | 4 488.79 | 2 567.54 | 2 600.53 |
| Cash and bank deposits | 9.55 | 7.32 | |||
| Cash and cash equivalents | 9.55 | 7.32 | |||
| Balance sheet total (assets) | 10 824.26 | 13 126.26 | 15 318.46 | 11 889.64 | 10 870.62 |
Equity and liabilities (kDKK)
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Share capital | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 |
| Shares repurchased | 2 000.00 | 1 000.00 | 600.00 | ||
| Other reserves | 1 711.90 | 1 524.32 | 1 324.94 | 1 122.53 | 920.12 |
| Retained earnings | 2 009.67 | 2 475.18 | 1 147.19 | 1 188.24 | 2 082.47 |
| Profit of the financial year | 277.92 | 472.64 | 838.64 | 1 291.81 | 427.59 |
| Shareholders equity total | 4 499.49 | 4 972.13 | 5 810.77 | 5 102.59 | 4 530.18 |
| Provisions | 553.16 | 506.89 | 414.50 | 343.72 | 315.13 |
| Non-current accruals and deferred income | 268.41 | 238.63 | 208.84 | 179.06 | 212.02 |
| Non-current other liabilities | 540.68 | 1 116.71 | |||
| Non-current deferred tax liabilities | 295.34 | 301.89 | 312.13 | ||
| Non-current liabilities total | 809.09 | 1 355.33 | 504.18 | 480.95 | 524.14 |
| Current loans from credit institutions | 2 508.28 | 4 267.93 | 3 778.22 | 3 590.59 | 3 589.79 |
| Advances received | 69.23 | 286.47 | 2 277.50 | ||
| Current trade creditors | 542.97 | 881.79 | 1 310.03 | 861.86 | 606.79 |
| Short-term deferred tax liabilities | 135.48 | 351.92 | 448.69 | 149.88 | |
| Other non-interest bearing current liabilities | 1 842.04 | 720.24 | 871.33 | 1 061.24 | 1 154.70 |
| Current liabilities total | 4 962.52 | 6 291.91 | 8 589.00 | 5 962.37 | 5 501.16 |
| Balance sheet total (liabilities) | 10 824.26 | 13 126.26 | 15 318.46 | 11 889.64 | 10 870.62 |
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