Morten Georgsen Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Morten Georgsen Holding ApS
Morten Georgsen Holding ApS (CVR number: 41834951) is a company from RUDERSDAL. The company recorded a gross profit of -84.8 kDKK in 2024. The operating profit was -84.8 kDKK, while net earnings were 3391.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 39.2 %, which can be considered excellent and Return on Equity (ROE) was 50.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 66.8 %, 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. Morten Georgsen Holding ApS's liquidity measured by quick ratio was 2.3 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 | |
---|---|---|---|---|
Volume | ||||
Net sales | 1 451.48 | |||
Gross profit | 1 440.96 | -14.60 | -53.73 | -84.81 |
EBIT | 1 440.96 | -14.60 | -53.73 | -84.81 |
Net earnings | 1 476.79 | 1 359.69 | 2 398.52 | 3 391.93 |
Shareholders equity total | 1 516.79 | 2 762.08 | 5 042.79 | 8 312.73 |
Balance sheet total (assets) | 3 750.96 | 4 194.31 | 6 051.82 | 12 453.19 |
Net debt | -39.13 | - 311.37 | -2 285.51 | -4 503.56 |
Profitability | ||||
EBIT-% | 99.3 % | |||
ROA | 39.6 % | 39.6 % | 48.5 % | 39.2 % |
ROE | 97.4 % | 63.6 % | 61.5 % | 50.8 % |
ROI | 44.8 % | 41.9 % | 48.7 % | 39.6 % |
Economic value added (EVA) | 1 433.94 | 80.10 | -11.60 | -41.27 |
Solvency | ||||
Equity ratio | 40.4 % | 65.9 % | 83.3 % | 66.8 % |
Gearing | 119.0 % | 51.5 % | 19.3 % | 48.1 % |
Relative net indebtedness % | 26.9 % | |||
Liquidity | ||||
Quick ratio | 1.0 | 1.8 | 3.8 | 2.3 |
Current ratio | 1.0 | 1.8 | 3.8 | 2.3 |
Cash and cash equivalents | 1 844.13 | 1 733.60 | 3 257.04 | 8 504.31 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | -121.7 % | |||
Credit risk | ||||
Credit rating | A | BBB | BBB | A |
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