TK Tag & Byg ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TK Tag & Byg ApS
TK Tag & Byg ApS (CVR number: 37624330) is a company from GRIBSKOV. The company reported a net sales of 2 mDKK in 2023. The operating profit percentage was at 7.6 % (EBIT: 0.2 mDKK), while net earnings were 155 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12.2 %, which can be considered good but Return on Equity (ROE) was 18.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 68.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. TK Tag & Byg ApS's liquidity measured by quick ratio was 2.6 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | -1 118.99 | 1 484.70 | 2 034.75 | ||
Gross profit | - 386.15 | 820.97 | 2 034.75 | ||
EBIT | - 152.25 | 24.33 | 471.21 | 178.66 | 155.00 |
Net earnings | - 152.25 | 7.68 | 466.81 | 176.46 | 155.00 |
Shareholders equity total | 112.91 | 120.59 | 587.39 | 766.05 | 921.05 |
Balance sheet total (assets) | 304.20 | 506.46 | 1 441.88 | 1 198.31 | 1 345.48 |
Net debt | - 179.20 | -21.28 | - 961.32 | - 754.65 | -1 060.89 |
Profitability | |||||
EBIT-% | 1.6 % | 7.6 % | |||
ROA | -52.2 % | 6.0 % | 48.4 % | 13.5 % | 12.2 % |
ROE | -86.3 % | 6.6 % | 131.9 % | 26.1 % | 18.4 % |
ROI | -220.4 % | 20.8 % | 133.1 % | 24.6 % | 17.4 % |
Economic value added (EVA) | - 149.17 | 20.60 | 469.39 | 200.99 | 181.44 |
Solvency | |||||
Equity ratio | 37.1 % | 23.8 % | 40.7 % | 63.9 % | 68.5 % |
Gearing | |||||
Relative net indebtedness % | -1.1 % | 24.6 % | -31.3 % | ||
Liquidity | |||||
Quick ratio | 0.9 | 0.9 | 1.4 | 3.0 | 2.6 |
Current ratio | 0.9 | 0.9 | 1.4 | 3.0 | 2.6 |
Cash and cash equivalents | 179.20 | 21.28 | 961.32 | 754.65 | 1 060.89 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 79.9 | 4.0 | |||
Net working capital % | 1.1 % | -2.7 % | 32.4 % | ||
Credit risk | |||||
Credit rating | BB | BB | BBB | BBB | BBB |
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