Modiform Nordic A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Modiform Nordic A/S
Modiform Nordic A/S (CVR number: 27560164) is a company from ODENSE. The company recorded a gross profit of 59.9 kEUR in 2024. The operating profit was -72 kEUR, while net earnings were -72 kEUR. The profitability of the company measured by Return on Assets (ROA) was -55.3 %, which can be considered poor and Return on Equity (ROE) was -71.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 65.8 %, 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. Modiform Nordic A/S's liquidity measured by quick ratio was 2.9 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 financialsGross profit (kEUR)
EBIT (kEUR)
Profitability
Solidity
Key figures (kEUR)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 129.58 | 144.44 | 167.67 | 87.52 | 59.87 |
EBIT | 60.03 | 41.73 | 34.55 | -49.55 | -71.95 |
Net earnings | 46.41 | 31.62 | 26.67 | -38.62 | -72.03 |
Shareholders equity total | 151.06 | 149.08 | 175.75 | 137.13 | 65.10 |
Balance sheet total (assets) | 195.24 | 204.52 | 205.88 | 161.42 | 98.90 |
Net debt | -94.14 | - 133.06 | - 143.27 | -37.02 | -67.64 |
Profitability | |||||
EBIT-% | |||||
ROA | 37.4 % | 20.9 % | 16.8 % | -26.9 % | -55.3 % |
ROE | 36.3 % | 21.1 % | 16.4 % | -24.7 % | -71.2 % |
ROI | 47.0 % | 27.9 % | 21.3 % | -31.6 % | -71.2 % |
Economic value added (EVA) | 41.07 | 24.43 | 19.18 | -47.57 | -78.78 |
Solvency | |||||
Equity ratio | 77.4 % | 72.9 % | 85.4 % | 85.0 % | 65.8 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 4.4 | 3.7 | 6.8 | 6.6 | 2.9 |
Current ratio | 4.4 | 3.7 | 6.8 | 6.6 | 2.9 |
Cash and cash equivalents | 94.14 | 133.06 | 143.27 | 37.02 | 67.64 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | B | BB |
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