Kronospan ApS — Credit Rating and Financial Key Figures

CVR number: 11766110
Fabriksvej 2, Pindstrup 8550 Ryomgård
novopan@kronospan-dk.dk
tel: 89747474

Company information

Official name
Kronospan ApS
Personnel
196 persons
Established
1950
Domicile
Pindstrup
Company form
Private limited company
Industry

About Kronospan ApS

Kronospan ApS (CVR number: 11766110K) is a company from SYDDJURS. The company reported a net sales of 63.3 mDKK in 2024, demonstrating a decline of -17 % compared to the previous year. The operating profit percentage was poor at -9.1 % (EBIT: -5.8 mDKK), while net earnings were -6370 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6.5 %, which can be considered poor and Return on Equity (ROE) was -20.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.4 %, 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. Kronospan ApS's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales64.0475.39102.4376.2863.33
Gross profit38.3535.5641.2037.8428.84
EBIT4.499.6423.276.00-5.77
Net earnings3.097.1319.20-3.31-6.37
Shareholders equity total15.8720.0345.2734.8728.43
Balance sheet total (assets)47.7656.1886.5987.3564.03
Net debt-0.05-0.07-0.49-5.895.28
Profitability
EBIT-%7.0 %12.8 %22.7 %7.9 %-9.1 %
ROA9.6 %18.6 %32.6 %15.4 %-6.5 %
ROE19.6 %39.7 %58.8 %-8.2 %-20.1 %
ROI17.5 %34.7 %42.7 %-1.7 %-13.1 %
Economic value added (EVA)2.726.7619.142.87-5.23
Solvency
Equity ratio33.2 %35.6 %69.7 %39.9 %44.4 %
Gearing7.6 %9.5 %19.0 %
Relative net indebtedness %49.7 %47.9 %15.3 %56.7 %56.0 %
Liquidity
Quick ratio0.30.48.20.80.4
Current ratio0.60.813.11.20.8
Cash and cash equivalents0.050.073.949.200.13
Capital use efficiency
Trade debtors turnover (days)25.147.836.173.334.7
Net working capital %-10.7 %-7.3 %28.4 %7.2 %-5.7 %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:-6.53%
Rating: 13/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:44.4%
Rating: 36/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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