KK WIND SOLUTIONS A/S — Credit Rating and Financial Key Figures

CVR number: 25746716
Bøgildvej 3, 7430 Ikast
main@kkwindsolutions.com
tel: 97221033

Company information

Official name
KK WIND SOLUTIONS A/S
Personnel
705 persons
Established
1969
Company form
Limited company
Industry

About KK WIND SOLUTIONS A/S

KK WIND SOLUTIONS A/S (CVR number: 25746716) is a company from IKAST-BRANDE. The company reported a net sales of 3896.1 mDKK in 2023, demonstrating a growth of 72.3 % compared to the previous year. The operating profit percentage was at 1.8 % (EBIT: 71.9 mDKK), while net earnings were -16.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.4 %, which can be considered decent but Return on Equity (ROE) was -4.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 9.7 %, 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. KK WIND SOLUTIONS A/S's liquidity measured by quick ratio was 0.2 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales2 137.412 327.572 312.702 260.703 896.05
Gross profit302.74378.70438.58301.71582.25
EBIT187.47239.46246.4544.4871.91
Net earnings137.26179.94187.4732.00-16.90
Shareholders equity total205.44231.31376.33364.95330.93
Balance sheet total (assets)940.361 219.711 115.671 510.453 411.13
Net debt76.79251.28-9.42357.161 704.04
Profitability
EBIT-%8.8 %10.3 %10.7 %2.0 %1.8 %
ROA23.1 %24.1 %22.6 %3.7 %5.4 %
ROE67.6 %82.4 %61.7 %8.6 %-4.9 %
ROI51.0 %47.0 %40.1 %6.2 %8.2 %
Economic value added (EVA)128.76163.20164.8314.6030.05
Solvency
Equity ratio21.8 %19.0 %34.0 %24.3 %9.7 %
Gearing84.2 %163.1 %54.0 %127.2 %562.7 %
Relative net indebtedness %27.6 %34.3 %20.3 %42.4 %72.0 %
Liquidity
Quick ratio0.90.91.00.70.2
Current ratio1.31.21.41.20.6
Cash and cash equivalents96.12125.92212.81107.13158.04
Capital use efficiency
Trade debtors turnover (days)49.753.927.746.023.9
Net working capital %9.2 %8.5 %11.8 %7.9 %-29.4 %
Credit risk
Credit ratingAAAAAA

Variable visualization

ROA:5.39%
Rating: 44/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:9.70%
Rating: 10/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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