M GULSTAD ApS — Credit Rating and Financial Key Figures

CVR number: 28329741
Nordtoft 28, 9000 Aalborg
morten@mgulstad.dk

Company information

Official name
M GULSTAD ApS
Personnel
1 person
Established
2005
Company form
Private limited company
Industry

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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales2 929.906 755.161 424.27-2 806.651 734.96
Gross profit2 726.896 484.661 180.10-2 956.821 594.74
EBIT2 529.036 296.78977.55-3 152.251 404.13
Net earnings9 676.2816 372.68-4 403.673 064.215 117.64
Shareholders equity total86 954.0899 326.7688 423.0887 987.3091 188.40
Balance sheet total (assets)98 631.77110 775.8399 758.1997 343.8698 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 %
ROA12.9 %18.5 %2.6 %7.6 %11.2 %
ROE11.6 %17.6 %-4.7 %3.5 %5.7 %
ROI13.4 %19.2 %2.7 %3.7 %7.4 %
Economic value added (EVA)-1 981.02677.76-4 464.90-7 806.30-3 756.69
Solvency
Equity ratio88.2 %89.7 %88.6 %90.4 %92.1 %
Gearing8.0 %8.3 %9.8 %9.2 %7.6 %
Relative net indebtedness %-1041.9 %-515.2 %-1984.3 %716.0 %-1087.4 %
Liquidity
Quick ratio6.97.56.77.99.8
Current ratio6.97.56.77.99.8
Cash and cash equivalents42 203.8546 249.9839 597.4429 451.7226 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 ratingAAAAAAAA

Variable visualization

ROA:11.2%
Rating: 60/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:92.1%
Rating: 73/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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