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Spring Estate Horsens A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Spring Estate Horsens A/S
Spring Estate Horsens A/S (CVR number: 37230065) is a company from KOLDING. The company recorded a gross profit of -104.6 kDKK in 2025. The operating profit was -104.6 kDKK, while net earnings were -4329.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -3.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 56.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Spring Estate Horsens 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -93.56 | 2 517.54 | - 278.42 | - 385.87 | - 104.62 |
| EBIT | -93.56 | 2 517.54 | - 278.42 | - 385.87 | - 104.62 |
| Net earnings | 11 930.39 | 8 567.49 | 1 640.64 | 1 430.57 | -4 329.67 |
| Shareholders equity total | 117 117.19 | 125 684.68 | 127 325.32 | 128 755.89 | 124 426.22 |
| Balance sheet total (assets) | 205 419.69 | 230 713.32 | 268 787.48 | 257 127.40 | 272 440.43 |
| Net debt | 86 735.67 | 103 840.40 | 114 002.08 | 111 152.47 | 108 942.92 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 7.9 % | 5.2 % | 2.9 % | 3.6 % | 0.1 % |
| ROE | 10.7 % | 7.1 % | 1.3 % | 1.1 % | -3.4 % |
| ROI | 7.9 % | 5.2 % | 2.9 % | 3.6 % | 0.1 % |
| Economic value added (EVA) | -8 554.42 | -8 530.33 | -11 809.38 | -13 801.69 | -13 001.64 |
| Solvency | |||||
| Equity ratio | 71.6 % | 67.5 % | 58.5 % | 61.7 % | 56.7 % |
| Gearing | 75.3 % | 83.5 % | 111.0 % | 99.7 % | 118.4 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.7 | 0.6 | 0.7 | 0.6 | 0.6 |
| Current ratio | 0.7 | 0.6 | 0.7 | 0.6 | 0.6 |
| Cash and cash equivalents | 1 476.25 | 1 093.47 | 27 337.69 | 17 167.56 | 38 415.68 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | A | A | A |
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