MICHAEL WORSØE LARSEN ApS — Credit Rating and Financial Key Figures

CVR number: 28666993
Nordre Strandvej 121 A, 8240 Risskov
michaelworsoelarsen@gmail.com
tel: 29261013

Credit rating

Company information

Official name
MICHAEL WORSØE LARSEN ApS
Personnel
1 person
Established
2006
Company form
Private limited company
Industry

About MICHAEL WORSØE LARSEN ApS

MICHAEL WORSØE LARSEN ApS (CVR number: 28666993) is a company from AARHUS. The company recorded a gross profit of 205.8 kDKK in 2024. The operating profit was -99.1 kDKK, while net earnings were -724.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.3 %, which can be considered poor and Return on Equity (ROE) was -24 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 97.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MICHAEL WORSØE LARSEN ApS's liquidity measured by quick ratio was 38.7 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 profit-14.31-29.99408.85219.43205.77
EBIT-14.31-29.99130.56-84.61-99.14
Net earnings797.03137.96353.46- 575.96- 724.88
Shareholders equity total3 699.153 724.114 077.573 383.802 658.91
Balance sheet total (assets)3 912.383 776.074 236.973 428.222 716.19
Net debt-3 296.10-3 174.86-3 608.22-2 682.63-1 929.32
Profitability
EBIT-%
ROA29.4 %5.0 %11.4 %-1.5 %-2.3 %
ROE23.7 %3.7 %9.1 %-15.4 %-24.0 %
ROI30.3 %5.1 %11.7 %-1.5 %-2.3 %
Economic value added (EVA)- 162.56- 208.96-85.46- 270.99- 269.18
Solvency
Equity ratio94.5 %98.6 %96.2 %98.7 %97.9 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio15.663.023.465.938.7
Current ratio15.663.023.465.938.7
Cash and cash equivalents3 296.103 174.863 608.222 682.631 929.32
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBBBBBBB

Variable visualization

ROA:-2.28%
Rating: 18/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:97.9%
Rating: 79/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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