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M. B. Nørgaard Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About M. B. Nørgaard Holding ApS
M. B. Nørgaard Holding ApS (CVR number: 40699945) is a company from STRUER. The company recorded a gross profit of -6.5 kDKK in 2025. The operating profit was -6.5 kDKK, while net earnings were 81.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 18.7 %, which can be considered excellent and Return on Equity (ROE) was 25.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 79 %, 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. M. B. Nørgaard Holding ApS's liquidity measured by quick ratio was 2.6 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -1.94 | -2.19 | -2.35 | -2.56 | -6.47 |
| EBIT | -1.94 | -2.19 | -2.35 | -2.56 | -6.47 |
| Net earnings | 106.60 | 133.63 | 91.86 | 175.79 | 81.51 |
| Shareholders equity total | 285.50 | 306.13 | 283.59 | 341.57 | 301.08 |
| Balance sheet total (assets) | 358.73 | 384.63 | 335.21 | 478.83 | 381.12 |
| Net debt | 40.12 | 33.04 | 31.03 | 81.89 | 45.97 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 30.6 % | 35.9 % | 25.5 % | 43.1 % | 18.7 % |
| ROE | 39.5 % | 45.2 % | 31.2 % | 56.2 % | 25.4 % |
| ROI | 34.8 % | 40.0 % | 28.1 % | 47.4 % | 20.7 % |
| Economic value added (EVA) | -16.47 | -18.61 | -19.44 | -18.39 | -26.44 |
| Solvency | |||||
| Equity ratio | 79.6 % | 79.6 % | 84.6 % | 71.3 % | 79.0 % |
| Gearing | 14.5 % | 11.1 % | 11.1 % | 24.5 % | 15.9 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.4 | 2.4 | 3.5 | 1.6 | 2.6 |
| Current ratio | 2.4 | 2.4 | 3.5 | 1.6 | 2.6 |
| Cash and cash equivalents | 1.17 | 0.90 | 0.38 | 1.84 | 1.78 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | A | BBB |
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