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HORN BORDPLADER A/S — Credit Rating and Financial Key Figures

CVR number: 25798902
Farvervej 40, 7490 Aulum
tel: 97498099

Income statement (kDKK)

2013
2014
2015
2016
2017
Fiscal period length1212121212
Net sales
Gross profit27 164.0141 534.4440 239.7942 865.4640 091.64
Employee benefit expenses-21 467.98-34 256.42-34 955.12-32 210.25-35 017.94
Other operating expenses-9.13
Total depreciation-1 932.13-3 824.73-4 770.25-3 177.85-3 237.91
EBIT3 763.893 453.29505.307 477.361 835.79
Other financial income4.282.080.4210.23
Other financial expenses-1 161.37-1 573.08-1 669.72-1 325.49-1 124.62
Pre-tax profit2 606.801 882.29-1 164.006 151.87721.40
Income taxes- 660.93- 457.95212.54-1 383.33- 151.59
Net earnings1 945.871 424.34- 951.464 768.54569.81

Assets (kDKK)

2013
2014
2015
2016
2017
Development expenditure94.99310.90
Intangible rights174.8924.98365.53
Goodwill1 914.131 258.05
Intangible assets total2 089.031 283.0494.99676.43
Land and waters17 196.4222 209.4221 714.1221 218.8221 005.52
Buildings253.40
Machinery and equipment1 242.251 751.351 567.027 555.578 096.58
Advance payments and construction in progress284.24333.65
Other tangible assets2 854.0210 624.818 134.15
Tangible assets total21 576.9334 585.5831 415.2929 361.4429 102.10
Investments total
Long term receivables total
Semifinished products1 087.681 512.651 174.791 140.671 139.16
Raw materials and consumables9 936.6611 792.3312 782.2611 963.5212 408.60
Finished products/goods365.51370.91415.90215.13
Inventories total11 024.3413 670.5014 327.9613 520.0813 762.89
Current trade debtors8 635.7112 035.769 626.5310 418.449 967.61
Prepayments and accrued income280.21611.60360.18475.90463.20
Current other receivables604.59754.02668.85581.78589.97
Current deferred tax assets29.00
Short term receivables total9 520.5113 401.3910 655.5611 476.1211 049.78
Cash and bank deposits24.76152.651.2736.63355.49
Cash and cash equivalents24.76152.651.2736.63355.49
Balance sheet total (assets)44 235.5763 093.1556 400.0854 489.2554 946.68

Equity and liabilities (kDKK)

2013
2014
2015
2016
2017
Share capital500.00500.00500.00500.00500.00
Asset revaluation reserve1 110.301 082.54
Other reserves45.04242.50
Retained earnings5 931.537 777.399 201.737 094.937 693.77
Profit of the financial year1 945.871 424.34- 951.464 768.54569.81
Shareholders equity total8 377.399 701.738 750.2713 518.8110 088.62
Provisions1 150.871 189.54954.201 289.521 463.90
Non-current loans from credit institutions7 173.7710 638.059 835.3313 373.0812 642.26
Non-current leasing loans6 202.384 569.514 419.49
Non-current other liabilities3 079.698 873.51
Non-current liabilities total10 253.4619 511.5616 037.7117 942.5917 061.75
Current loans from credit institutions13 124.5017 494.0816 646.125 164.199 752.00
Current trade creditors6 483.907 779.068 030.839 314.338 807.09
Current owed to participating8.948.9498.56
Short-term deferred tax liabilities443.79863.07419.281 048.011 048.01
Other non-interest bearing current liabilities4 392.736 545.175 463.126 211.796 713.00
Accruals and deferred income12.31
Current liabilities total24 453.8532 690.3230 657.9021 738.3326 332.42
Balance sheet total (liabilities)44 235.5763 093.1556 400.0854 489.2554 946.68
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