MANFORCE NORDIC ApS — Credit Rating and Financial Key Figures

CVR number: 35668330
Østre Alle 6, 9530 Støvring
info@man-force.dk
tel: 50108088

Credit rating

Company information

Official name
MANFORCE NORDIC ApS
Personnel
70 persons
Established
2014
Company form
Private limited company
Industry

About MANFORCE NORDIC ApS

MANFORCE NORDIC ApS (CVR number: 35668330) is a company from REBILD. The company recorded a gross profit of 24.8 mDKK in 2023. The operating profit was 239.4 kDKK, while net earnings were 147.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.2 %, which can be considered decent but Return on Equity (ROE) was 31.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 8.9 %, 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. MANFORCE NORDIC ApS's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

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 profit21 151.0119 279.2627 785.2725 601.1124 804.02
EBIT398.67- 229.43174.20- 149.49239.39
Net earnings293.39- 188.50136.93- 113.73147.82
Shareholders equity total563.90375.40512.33398.59546.41
Balance sheet total (assets)3 958.093 548.345 225.846 342.586 121.62
Net debt-2 611.82- 770.88-29.5535.55167.98
Profitability
EBIT-%
ROA10.2 %-6.0 %4.3 %-2.2 %4.2 %
ROE70.3 %-40.1 %30.9 %-25.0 %31.3 %
ROI88.5 %-39.0 %31.3 %-14.9 %19.8 %
Economic value added (EVA)319.81-72.59163.55- 139.66184.90
Solvency
Equity ratio14.2 %10.6 %9.8 %6.3 %8.9 %
Gearing12.4 %41.4 %30.7 %168.3 %186.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.21.11.11.11.1
Current ratio1.21.11.11.11.1
Cash and cash equivalents2 681.47926.35186.96635.23849.16
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:4.19%
Rating: 41/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:8.93%
Rating: 9/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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