CEETEC A/S — Credit Rating and Financial Key Figures

CVR number: 12579888
Lollandsvej 14, 5500 Middelfart
tel: 64421472

Company information

Official name
CEETEC A/S
Personnel
43 persons
Established
1988
Company form
Limited company
Industry

About CEETEC A/S

CEETEC A/S (CVR number: 12579888) is a company from MIDDELFART. The company recorded a gross profit of 26.4 mDKK in 2023. The operating profit was 2506.2 kDKK, while net earnings were 578.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent and Return on Equity (ROE) was 4.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 22.2 %, 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. CEETEC A/S's liquidity measured by quick ratio was 0.8 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit13 137.5917 137.0219 840.9128 614.0326 373.66
EBIT3 559.434 953.146 137.738 145.782 506.17
Net earnings2 740.613 816.024 813.295 860.32578.63
Shareholders equity total8 880.4010 196.4212 509.7115 870.0312 448.66
Balance sheet total (assets)21 997.0527 641.0032 769.9445 396.0859 690.85
Net debt4 477.195 696.979 164.664 895.5229 714.40
Profitability
EBIT-%
ROA18.5 %21.1 %21.7 %21.5 %5.2 %
ROE35.3 %40.0 %42.4 %41.3 %4.1 %
ROI24.7 %31.0 %30.9 %34.0 %7.6 %
Economic value added (EVA)2 595.903 549.834 473.385 868.791 328.06
Solvency
Equity ratio45.4 %39.3 %40.6 %44.8 %22.2 %
Gearing52.9 %73.8 %74.5 %50.6 %245.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.31.11.60.8
Current ratio1.51.41.51.51.2
Cash and cash equivalents224.811 828.68160.993 139.09792.05
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:5.17%
Rating: 43/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:22.2%
Rating: 21/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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