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NORTHERN HORIZON A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About NORTHERN HORIZON A/S
NORTHERN HORIZON A/S (CVR number: 27599397) is a company from KØBENHAVN. The company reported a net sales of 11.9 mDKK in 2025, demonstrating a growth of 78.5 % compared to the previous year. The operating profit percentage was poor at -20.8 % (EBIT: -2.5 mDKK), while net earnings were 2029 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.3 %, which can be considered good but Return on Equity (ROE) was 6.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 59.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. NORTHERN HORIZON A/S's liquidity measured by quick ratio was 1.6 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 financials2024 | 2025 | |
|---|---|---|
| Volume | ||
| Net sales | 6 638.00 | 11 852.00 |
| Gross profit | 1 058.00 | 3 100.00 |
| EBIT | -6 113.00 | -2 462.00 |
| Net earnings | -2.00 | 2 029.00 |
| Shareholders equity total | 29 221.00 | 31 290.00 |
| Balance sheet total (assets) | 67 907.00 | 52 414.00 |
| Net debt | 36 576.00 | 16 833.00 |
| Profitability | ||
| EBIT-% | -92.1 % | -20.8 % |
| ROA | 4.0 % | 8.3 % |
| ROE | -0.0 % | 6.7 % |
| ROI | 4.1 % | 8.6 % |
| Economic value added (EVA) | -6 569.34 | -5 778.25 |
| Solvency | ||
| Equity ratio | 43.0 % | 59.7 % |
| Gearing | 125.8 % | 62.1 % |
| Relative net indebtedness % | 579.8 % | 156.2 % |
| Liquidity | ||
| Quick ratio | 0.2 | 1.6 |
| Current ratio | 0.2 | 1.6 |
| Cash and cash equivalents | 198.00 | 2 612.00 |
| Capital use efficiency | ||
| Trade debtors turnover (days) | 0.7 | |
| Net working capital % | -275.7 % | 28.7 % |
| Credit risk | ||
| Credit rating | BBB | A |
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