GAARDVANG ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About GAARDVANG ApS
GAARDVANG ApS (CVR number: 35659595) is a company from VORDINGBORG. The company reported a net sales of 0.4 mDKK in 2023, demonstrating a decline of -4 % compared to the previous year. The operating profit percentage was at 1.2 % (EBIT: 0 mDKK), while net earnings were -61.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.2 %, which can be considered weak but Return on Equity (ROE) was -6.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 34.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. GAARDVANG ApS's liquidity measured by quick ratio was 0.6 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 249.50 | 251.79 | 374.73 | 410.56 | 394.22 |
Gross profit | 148.55 | 96.35 | 176.69 | 187.25 | 4.84 |
EBIT | 140.47 | 94.29 | 176.69 | 187.25 | 4.84 |
Net earnings | 86.05 | 52.00 | 88.97 | 91.05 | -61.79 |
Shareholders equity total | 817.03 | 819.03 | 908.00 | 999.04 | 937.25 |
Balance sheet total (assets) | 1 770.62 | 1 781.73 | 2 801.40 | 2 773.95 | 2 683.92 |
Net debt | 402.84 | 381.99 | 1 316.34 | 1 255.25 | 1 205.77 |
Profitability | |||||
EBIT-% | 56.3 % | 37.4 % | 47.2 % | 45.6 % | 1.2 % |
ROA | 7.8 % | 5.3 % | 7.7 % | 6.7 % | 0.2 % |
ROE | 11.1 % | 6.4 % | 10.3 % | 9.5 % | -6.4 % |
ROI | 7.8 % | 5.3 % | 7.8 % | 6.8 % | 0.2 % |
Economic value added (EVA) | 26.88 | -6.97 | 60.90 | 22.71 | - 127.74 |
Solvency | |||||
Equity ratio | 46.1 % | 46.0 % | 32.4 % | 36.1 % | 34.9 % |
Gearing | 80.9 % | 79.1 % | 164.7 % | 141.0 % | 141.8 % |
Relative net indebtedness % | 202.7 % | 200.6 % | 404.4 % | 345.1 % | 365.7 % |
Liquidity | |||||
Quick ratio | 5.8 | 3.8 | 0.9 | 0.9 | 0.6 |
Current ratio | 5.8 | 3.8 | 0.9 | 0.9 | 0.6 |
Cash and cash equivalents | 257.94 | 265.96 | 179.34 | 153.14 | 122.92 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 22.9 | 10.4 | 6.9 | 3.7 | |
Net working capital % | 89.2 % | 82.4 % | -4.9 % | -3.3 % | -19.9 % |
Credit risk | |||||
Credit rating | A | BBB | A | A | BBB |
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