VEMCO GROUP A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VEMCO GROUP A/S
VEMCO GROUP A/S (CVR number: 32076211) is a company from FREDERICIA. The company recorded a gross profit of 12.5 mDKK in 2023. The operating profit was 1475.3 kDKK, while net earnings were -2204.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.4 %, which can be considered poor and Return on Equity (ROE) was -34.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 27.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. VEMCO GROUP A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 7 918.24 | 12 231.69 | 10 063.70 | 13 414.98 | 12 520.41 |
EBIT | 1 243.45 | 4 997.86 | 1 474.25 | 2 056.74 | 1 475.32 |
Net earnings | 468.82 | 2 356.44 | 3 447.91 | 775.50 | -2 204.39 |
Shareholders equity total | 2 941.08 | 4 947.53 | 7 395.43 | 7 670.93 | 4 966.54 |
Balance sheet total (assets) | 9 484.46 | 14 623.83 | 13 032.45 | 14 081.76 | 17 993.93 |
Net debt | 3 024.25 | -1 665.79 | - 232.48 | 1 416.75 | 7 482.71 |
Profitability | |||||
EBIT-% | |||||
ROA | 11.6 % | 32.8 % | 28.8 % | 11.0 % | -7.4 % |
ROE | 10.7 % | 59.7 % | 55.9 % | 10.3 % | -34.9 % |
ROI | 14.7 % | 50.0 % | 41.2 % | 13.9 % | -9.8 % |
Economic value added (EVA) | 765.81 | 3 750.22 | 1 112.90 | 1 571.29 | 958.33 |
Solvency | |||||
Equity ratio | 31.0 % | 33.9 % | 56.7 % | 54.5 % | 27.6 % |
Gearing | 127.5 % | 70.6 % | 42.3 % | 39.4 % | 168.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.4 | 1.4 | 1.8 | 1.4 | 1.2 |
Current ratio | 2.0 | 1.7 | 2.0 | 1.7 | 1.7 |
Cash and cash equivalents | 725.50 | 5 158.25 | 3 361.02 | 1 605.14 | 863.92 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | AA | AA | AA | BBB |
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