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HEARTLAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HEARTLAND A/S
HEARTLAND A/S (CVR number: 28502370K) is a company from AARHUS. The company reported a net sales of 64422 mDKK in 2025, demonstrating a growth of 12.4 % compared to the previous year. The operating profit percentage was at 10.3 % (EBIT: 6658 mDKK), while net earnings were 4921 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12 %, which can be considered good and Return on Equity (ROE) was 14 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 57.2 %, 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. HEARTLAND A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 39 155.00 | 50 491.00 | 54 980.00 | 57 329.00 | 64 422.00 |
| Gross profit | 12 060.00 | 15 070.00 | 15 120.00 | 17 417.00 | 19 910.00 |
| EBIT | 4 029.00 | 6 412.00 | 4 912.00 | 5 510.00 | 6 658.00 |
| Net earnings | 5 924.00 | 1 255.00 | 1 060.00 | 2 577.00 | 4 921.00 |
| Shareholders equity total | 31 580.00 | 33 921.00 | 32 755.00 | 34 785.00 | 39 226.00 |
| Balance sheet total (assets) | 56 053.00 | 61 153.00 | 58 012.00 | 60 900.00 | 68 541.00 |
| Net debt | 6 831.00 | 8 686.00 | |||
| Profitability | |||||
| EBIT-% | 10.3 % | 12.7 % | 8.9 % | 9.6 % | 10.3 % |
| ROA | 7.2 % | 10.9 % | 8.2 % | 9.0 % | 12.0 % |
| ROE | 18.8 % | 3.8 % | 3.2 % | 7.8 % | 14.0 % |
| ROI | 7.2 % | 10.9 % | 8.2 % | 10.0 % | 14.8 % |
| Economic value added (EVA) | 3 392.72 | 2 069.20 | 1 782.99 | 2 383.47 | 2 578.57 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 57.1 % | 57.2 % |
| Gearing | 34.5 % | 36.3 % | |||
| Relative net indebtedness % | 32.8 % | 33.8 % | |||
| Liquidity | |||||
| Quick ratio | 0.5 | 0.5 | |||
| Current ratio | 1.0 | 1.0 | |||
| Cash and cash equivalents | 5 156.00 | 5 539.00 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 15.9 | 16.0 | |||
| Net working capital % | -0.4 % | -0.7 % | |||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | AA | AA |
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