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GLASMANDEN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About GLASMANDEN ApS
GLASMANDEN ApS (CVR number: 36460083) is a company from GRIBSKOV. The company recorded a gross profit of 178.7 kDKK in 2025. The operating profit was -5.1 kDKK, while net earnings were -5.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.6 %, which can be considered poor and Return on Equity (ROE) was -11.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.5 %, 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. GLASMANDEN ApS's liquidity measured by quick ratio was 1.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 207.20 | 201.29 | 160.30 | 186.07 | 178.75 |
| EBIT | 17.57 | 76.68 | -20.60 | 1.57 | -5.13 |
| Net earnings | 12.58 | 58.85 | -17.14 | -0.87 | -5.67 |
| Shareholders equity total | 10.26 | 69.11 | 51.97 | 51.10 | 45.43 |
| Balance sheet total (assets) | 128.30 | 135.13 | 117.50 | 120.66 | 102.12 |
| Net debt | -33.25 | - 108.88 | -73.25 | -59.72 | -65.30 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 13.5 % | 58.2 % | -16.3 % | 1.3 % | -4.6 % |
| ROE | 18.0 % | 148.3 % | -28.3 % | -1.7 % | -11.8 % |
| ROI | 23.5 % | 93.1 % | -26.9 % | 2.2 % | -8.0 % |
| Economic value added (EVA) | 10.39 | 55.73 | -20.26 | -1.93 | -8.74 |
| Solvency | |||||
| Equity ratio | 8.0 % | 51.1 % | 44.2 % | 42.3 % | 44.5 % |
| Gearing | 693.6 % | 20.6 % | 34.3 % | 42.5 % | 20.6 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.0 | 1.9 | 1.6 | 1.6 | 1.6 |
| Current ratio | 1.1 | 2.0 | 1.8 | 1.7 | 1.8 |
| Cash and cash equivalents | 104.44 | 123.12 | 91.09 | 81.46 | 74.63 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BBB | BB | BBB | BBB |
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