TURBOVEX A/S — Credit Rating and Financial Key Figures

CVR number: 82588612
Industrivej 45, 9600 Aars
info@turbovex.dk
tel: 98624224

Company information

Official name
TURBOVEX A/S
Personnel
8 persons
Established
1984
Company form
Limited company
Industry

About TURBOVEX A/S

TURBOVEX A/S (CVR number: 82588612) is a company from VESTHIMMERLANDS. The company recorded a gross profit of 3113.2 kDKK in 2024. The operating profit was 808.4 kDKK, while net earnings were 548.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6 %, which can be considered decent and Return on Equity (ROE) was 6.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 57.4 %, 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. TURBOVEX A/S's liquidity measured by quick ratio was 3.1 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit3 229.653 225.075 332.785 902.393 113.23
EBIT1 269.551 083.293 279.743 244.18808.35
Net earnings962.56766.752 507.052 488.18548.59
Shareholders equity total5 511.575 278.326 585.377 623.558 172.13
Balance sheet total (assets)12 524.8412 503.7313 385.5013 838.2414 234.34
Net debt-3 625.81-5 281.25-3 924.58-2 111.50-2 838.84
Profitability
EBIT-%
ROA10.5 %8.7 %25.4 %24.3 %6.0 %
ROE19.1 %14.2 %42.3 %35.0 %6.9 %
ROI12.7 %10.7 %39.7 %44.0 %9.9 %
Economic value added (EVA)1 060.22886.862 686.692 488.48478.22
Solvency
Equity ratio44.0 %42.2 %49.8 %55.1 %57.4 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio3.12.53.12.33.1
Current ratio4.93.95.07.48.6
Cash and cash equivalents3 625.815 281.253 924.582 111.502 838.84
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBAA

Variable visualization

ROA:5.95%
Rating: 46/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:57.4%
Rating: 45/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board

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