M GULSTAD ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About M GULSTAD ApS
M GULSTAD ApS (CVR number: 28329741) is a company from AALBORG. The company reported a net sales of 1.7 mDKK in 2024, demonstrating a growth of -161.8 % compared to the previous year. The operating profit percentage was at 80.9 % (EBIT: 1.4 mDKK), while net earnings were 5117.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.2 %, which can be considered good but Return on Equity (ROE) was 5.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 92.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. M GULSTAD ApS's liquidity measured by quick ratio was 9.8 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 929.90 | 6 755.16 | 1 424.27 | -2 806.65 | 1 734.96 |
Gross profit | 2 726.89 | 6 484.66 | 1 180.10 | -2 956.82 | 1 594.74 |
EBIT | 2 529.03 | 6 296.78 | 977.55 | -3 152.25 | 1 404.13 |
Net earnings | 9 676.28 | 16 372.68 | -4 403.67 | 3 064.21 | 5 117.64 |
Shareholders equity total | 86 954.08 | 99 326.76 | 88 423.08 | 87 987.30 | 91 188.40 |
Balance sheet total (assets) | 98 631.77 | 110 775.83 | 99 758.19 | 97 343.86 | 98 993.59 |
Net debt | -35 247.53 | -37 995.37 | -30 894.58 | -21 377.42 | -19 777.27 |
Profitability | |||||
EBIT-% | 86.3 % | 93.2 % | 68.6 % | 80.9 % | |
ROA | 12.9 % | 18.5 % | 2.6 % | 7.6 % | 11.2 % |
ROE | 11.6 % | 17.6 % | -4.7 % | 3.5 % | 5.7 % |
ROI | 13.4 % | 19.2 % | 2.7 % | 3.7 % | 7.4 % |
Economic value added (EVA) | -1 981.02 | 677.76 | -4 464.90 | -7 806.30 | -3 756.69 |
Solvency | |||||
Equity ratio | 88.2 % | 89.7 % | 88.6 % | 90.4 % | 92.1 % |
Gearing | 8.0 % | 8.3 % | 9.8 % | 9.2 % | 7.6 % |
Relative net indebtedness % | -1041.9 % | -515.2 % | -1984.3 % | 716.0 % | -1087.4 % |
Liquidity | |||||
Quick ratio | 6.9 | 7.5 | 6.7 | 7.9 | 9.8 |
Current ratio | 6.9 | 7.5 | 6.7 | 7.9 | 9.8 |
Cash and cash equivalents | 42 203.85 | 46 249.98 | 39 597.44 | 29 451.72 | 26 671.83 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.3 | ||||
Net working capital % | 911.5 % | 423.0 % | 1748.4 % | -1275.1 % | 2449.2 % |
Credit risk | |||||
Credit rating | AA | AA | A | A | AA |
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