Korsholm Ejendomme ApS — Credit Rating and Financial Key Figures

CVR number: 38681141
Hunderupvænget 3, 5230 Odense M
kurt@korsholmbyg.dk
tel: 20138310

Credit rating

Company information

Official name
Korsholm Ejendomme ApS
Established
2017
Company form
Private limited company
Industry

About Korsholm Ejendomme ApS

Korsholm Ejendomme ApS (CVR number: 38681141) is a company from ODENSE. The company recorded a gross profit of 340.3 kDKK in 2023. The operating profit was 290.2 kDKK, while net earnings were 188.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.5 %, which can be considered decent but Return on Equity (ROE) was 40.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 10.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Korsholm Ejendomme ApS's liquidity measured by quick ratio was 0 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 profit45.8738.51300.87347.51340.28
EBIT39.2531.89274.79297.44290.22
Net earnings6.242.56132.07191.40188.19
Shareholders equity total41.0343.59175.66367.07555.25
Balance sheet total (assets)1 121.614 016.305 376.125 324.085 269.26
Net debt1 032.483 853.414 998.124 709.974 482.47
Profitability
EBIT-%
ROA3.5 %1.2 %5.9 %5.6 %5.5 %
ROE16.5 %6.0 %120.5 %70.5 %40.8 %
ROI3.6 %1.3 %6.0 %5.8 %5.7 %
Economic value added (EVA)-4.30-1.10142.1182.0372.94
Solvency
Equity ratio3.7 %1.1 %3.3 %6.9 %10.5 %
Gearing2532.0 %8841.1 %2847.4 %1283.3 %807.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.10.10.00.0
Current ratio0.20.10.10.00.0
Cash and cash equivalents6.470.533.700.522.71
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:5.48%
Rating: 44/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:10.5%
Rating: 10/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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