GLOSTRUP VARME A/S — Credit Rating and Financial Key Figures

CVR number: 33043309
Ørnebjergvej 7, 2600 Glostrup
forsyning@glostrupforsyning.dk
tel: 43208020
www.glostrupforsyning.dk

Credit rating

Company information

Official name
GLOSTRUP VARME A/S
Established
2010
Company form
Limited company
Industry

About GLOSTRUP VARME A/S

GLOSTRUP VARME A/S (CVR number: 33043309) is a company from GLOSTRUP. The company reported a net sales of 96.8 mDKK in 2024, demonstrating a growth of 24 % compared to the previous year. The operating profit percentage was at 10.2 % (EBIT: 9.8 mDKK), while net earnings were 0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.6 %, which can be considered weak and Return on Equity (ROE) was 0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 0.1 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. GLOSTRUP VARME A/S's liquidity measured by quick ratio was 0.1 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 sales62.5468.9372.0478.0296.76
Gross profit16.6717.6819.8221.1331.44
EBIT2.913.313.604.149.84
Net earnings
Shareholders equity total0.500.500.500.500.50
Balance sheet total (assets)211.52209.98212.47295.55501.09
Net debt110.92106.07106.70107.1898.91
Profitability
EBIT-%4.7 %4.8 %5.0 %5.3 %10.2 %
ROA1.4 %1.6 %1.7 %1.7 %2.6 %
ROE
ROI1.5 %1.7 %1.9 %2.3 %5.3 %
Economic value added (EVA)-8.00-7.42-7.21-6.66-2.63
Solvency
Equity ratio0.2 %0.2 %0.2 %0.2 %0.1 %
Gearing26824.3 %25836.0 %24358.1 %23394.4 %24285.3 %
Relative net indebtedness %204.6 %176.6 %177.8 %271.0 %404.6 %
Liquidity
Quick ratio1.31.50.90.20.1
Current ratio1.31.50.90.20.1
Cash and cash equivalents23.2023.1115.099.7922.51
Capital use efficiency
Trade debtors turnover (days)13.434.17.10.08.6
Net working capital %11.4 %16.2 %-3.0 %-112.2 %-262.3 %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:2.65%
Rating: 33/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:0.10%
Rating: 1/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer
Board member

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