VIS Midtjylland ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About VIS Midtjylland ApS
VIS Midtjylland ApS (CVR number: 38411306) is a company from HERNING. The company recorded a gross profit of -76.6 kDKK in 2023. The operating profit was -100.1 kDKK, while net earnings were -90.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -22.8 %, which can be considered poor and Return on Equity (ROE) was -30.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 72.1 %, 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. VIS Midtjylland ApS's liquidity measured by quick ratio was 2.4 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 81.54 | 121.57 | 532.04 | -40.57 | -76.62 |
EBIT | 15.95 | 72.09 | 399.85 | -76.88 | - 100.12 |
Net earnings | 12.27 | 55.36 | 310.60 | -64.37 | -90.88 |
Shareholders equity total | 32.36 | 95.36 | 405.95 | 341.58 | 250.71 |
Balance sheet total (assets) | 238.55 | 248.49 | 692.31 | 512.75 | 347.77 |
Net debt | 115.68 | 4.75 | - 190.22 | -85.22 | -52.11 |
Profitability | |||||
EBIT-% | |||||
ROA | 10.8 % | 29.6 % | 85.0 % | -12.8 % | -22.8 % |
ROE | 46.8 % | 86.7 % | 123.9 % | -17.2 % | -30.7 % |
ROI | 15.0 % | 36.7 % | 108.6 % | -17.6 % | -33.1 % |
Economic value added (EVA) | 14.63 | 49.12 | 306.61 | -72.42 | -94.22 |
Solvency | |||||
Equity ratio | 13.6 % | 38.4 % | 58.6 % | 66.6 % | 72.1 % |
Gearing | 489.6 % | 100.4 % | 7.4 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.1 | 3.2 | 3.2 | 2.1 | 2.4 |
Current ratio | 2.1 | 3.2 | 3.7 | 2.6 | 3.1 |
Cash and cash equivalents | 42.73 | 91.01 | 220.22 | 85.22 | 52.11 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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