VESTFORSYNING BELYSNING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VESTFORSYNING BELYSNING A/S
VESTFORSYNING BELYSNING A/S (CVR number: 27446302) is a company from HOLSTEBRO. The company reported a net sales of 18.6 mDKK in 2023, demonstrating a decline of -3.5 % compared to the previous year. The operating profit percentage was at 12.7 % (EBIT: 2.4 mDKK), while net earnings were 774 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3 %, which can be considered weak but Return on Equity (ROE) was 4.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 21.4 %, 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. VESTFORSYNING BELYSNING A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 18 293.00 | 18 833.00 | 18 360.00 | 19 299.00 | 18 628.00 |
Gross profit | 3 273.00 | 4 051.00 | 4 370.00 | 3 745.00 | 4 341.00 |
EBIT | 2 333.00 | 2 068.00 | 2 081.00 | 1 206.00 | 2 367.00 |
Net earnings | 643.00 | 411.00 | 487.00 | - 228.00 | 774.00 |
Shareholders equity total | 16 361.00 | 16 772.00 | 17 259.00 | 17 031.00 | 17 805.00 |
Balance sheet total (assets) | 80 217.00 | 80 081.00 | 86 456.00 | 82 040.00 | 83 239.00 |
Net debt | 49 604.00 | 50 281.00 | 52 383.00 | 51 209.00 | 47 015.00 |
Profitability | |||||
EBIT-% | 12.8 % | 11.0 % | 11.3 % | 6.2 % | 12.7 % |
ROA | 3.0 % | 2.6 % | 2.5 % | 1.4 % | 3.0 % |
ROE | 4.0 % | 2.5 % | 2.9 % | -1.3 % | 4.4 % |
ROI | 3.0 % | 2.6 % | 2.5 % | 1.4 % | 3.0 % |
Economic value added (EVA) | 507.20 | 403.64 | 349.17 | - 202.12 | 577.17 |
Solvency | |||||
Equity ratio | 20.4 % | 20.9 % | 20.0 % | 20.8 % | 21.4 % |
Gearing | 326.3 % | 313.7 % | 332.0 % | 309.7 % | 287.5 % |
Relative net indebtedness % | 274.4 % | 270.8 % | 289.3 % | 266.9 % | 263.5 % |
Liquidity | |||||
Quick ratio | 1.2 | 0.4 | 0.8 | 0.7 | 0.6 |
Current ratio | 1.2 | 0.4 | 0.8 | 0.7 | 0.6 |
Cash and cash equivalents | 3 790.00 | 2 326.00 | 4 915.00 | 1 539.00 | 4 172.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 1.4 | 2.4 | 3.5 | 1.4 | |
Net working capital % | 4.9 % | -17.5 % | -9.2 % | -5.6 % | -17.0 % |
Credit risk | |||||
Credit rating | AA | AA | AA | A | AA |
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