Vitec MV A/S — Credit Rating and Financial Key Figures

CVR number: 15314400
Cortex Park Vest 3, 5230 Odense M
Accounting.mv@vitecsoftware.com
tel: 65918022

Credit rating

Company information

Official name
Vitec MV A/S
Personnel
20 persons
Established
1991
Company form
Limited company
Industry

About Vitec MV A/S

Vitec MV A/S (CVR number: 15314400) is a company from ODENSE. The company recorded a gross profit of 15.2 mDKK in 2024. The operating profit was 1408.2 kDKK, while net earnings were 1436.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.7 %, which can be considered good but Return on Equity (ROE) was 30.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.5 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Vitec MV A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

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 profit14 208.2414 685.7714 404.6714 817.7815 195.54
EBIT-7 880.23- 149.00471.081 636.831 408.19
Net earnings-6 353.74- 217.58263.071 456.391 436.83
Shareholders equity total656.81609.23872.303 994.795 342.16
Balance sheet total (assets)24 512.2020 566.3720 670.4115 495.3717 510.97
Net debt6 554.267 765.968 976.1663.961 350.95
Profitability
EBIT-%
ROA-33.8 %-0.6 %2.3 %11.1 %10.7 %
ROE-1002.7 %-34.4 %35.5 %59.8 %30.8 %
ROI-153.7 %-1.9 %5.3 %28.7 %32.9 %
Economic value added (EVA)-6 355.03- 478.71-53.39778.69894.37
Solvency
Equity ratio2.7 %3.0 %4.2 %25.8 %30.5 %
Gearing997.9 %1274.7 %1029.0 %1.6 %25.3 %
Relative net indebtedness %
Liquidity
Quick ratio0.70.70.71.21.2
Current ratio0.70.70.71.21.2
Cash and cash equivalents0.04
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:10.7%
Rating: 59/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:30.5%
Rating: 27/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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