MN WORKS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MN WORKS ApS
MN WORKS ApS (CVR number: 35819371) is a company from FAABORG-MIDTFYN. The company recorded a gross profit of 258.2 kDKK in 2024. The operating profit was -376.3 kDKK, while net earnings were -293.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -53.3 %, which can be considered poor and Return on Equity (ROE) was -108 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 27.9 %, 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. MN WORKS ApS's liquidity measured by quick ratio was 1.4 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 208.72 | 885.97 | 1 176.26 | 1 292.03 | 258.19 |
| EBIT | 165.73 | 55.51 | 511.73 | 489.07 | - 376.32 |
| Net earnings | 129.01 | 42.38 | 399.09 | 381.19 | - 293.65 |
| Shareholders equity total | 71.06 | 103.43 | 462.52 | 493.71 | 50.06 |
| Balance sheet total (assets) | 203.34 | 320.28 | 771.79 | 1 231.55 | 179.74 |
| Net debt | -89.20 | - 151.84 | - 461.32 | - 521.79 | 26.80 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 124.5 % | 21.2 % | 93.7 % | 48.8 % | -53.3 % |
| ROE | 339.6 % | 48.6 % | 141.0 % | 79.7 % | -108.0 % |
| ROI | 466.4 % | 58.3 % | 175.9 % | 70.7 % | -71.3 % |
| Economic value added (EVA) | 150.34 | 39.75 | 393.15 | 358.17 | - 339.88 |
| Solvency | |||||
| Equity ratio | 34.9 % | 32.3 % | 59.9 % | 40.1 % | 27.9 % |
| Gearing | 15.5 % | 86.7 % | 167.3 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.5 | 1.5 | 2.5 | 1.7 | 1.4 |
| Current ratio | 1.5 | 1.5 | 2.5 | 1.7 | 1.4 |
| Cash and cash equivalents | 89.20 | 167.86 | 461.32 | 949.79 | 56.95 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | BBB | BB |
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