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MIDTVEST-EL A/S — Credit Rating and Financial Key Figures

CVR number: 31874866
Orionvej 14 D, 7430 Ikast
info@midtvest-el.dk
tel: 96600016
Free credit report Annual report

Credit rating

Company information

Official name
MIDTVEST-EL A/S
Personnel
5 persons
Established
2008
Company form
Limited company
Industry

About MIDTVEST-EL A/S

MIDTVEST-EL A/S (CVR number: 31874866) is a company from IKAST-BRANDE. The company recorded a gross profit of 2484 kDKK in 2024. The operating profit was 69.8 kDKK, while net earnings were 35.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.3 %, which can be considered weak and Return on Equity (ROE) was 3.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 61.1 %, 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. MIDTVEST-EL A/S's liquidity measured by quick ratio was 1.9 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit2 862.493 183.243 615.292 560.782 483.98
EBIT486.42327.68509.9779.7069.83
Net earnings376.36253.72391.6859.3435.71
Shareholders equity total1 205.951 159.671 301.351 130.691 166.40
Balance sheet total (assets)2 086.122 692.312 940.192 167.232 144.74
Net debt-57.90108.28132.53- 429.51- 278.85
Profitability
EBIT-%
ROA22.5 %13.7 %18.1 %3.1 %3.3 %
ROE32.2 %21.5 %31.8 %4.9 %3.1 %
ROI41.7 %25.3 %35.7 %6.1 %6.2 %
Economic value added (EVA)322.24194.67328.39-12.54-14.00
Solvency
Equity ratio62.2 %52.5 %56.4 %58.7 %61.1 %
Gearing18.1 %13.2 %0.4 %0.4 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.51.41.71.9
Current ratio2.11.61.72.02.1
Cash and cash equivalents57.90101.7239.10433.78283.12
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:3.30%
Rating: 36/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:61.1%
Rating: 47/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board

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