Mind Aps — Credit Rating and Financial Key Figures
Credit rating
Company information
About Mind Aps
Mind Aps (CVR number: 35237437) is a company from KØBENHAVN. The company reported a net sales of 0.2 mDKK in 2024, demonstrating a decline of -58.8 % compared to the previous year. The operating profit percentage was poor at -145.6 % (EBIT: -0.3 mDKK), while net earnings were -215 kDKK. The profitability of the company measured by Return on Assets (ROA) was -53.5 %, which can be considered poor and Return on Equity (ROE) was -116.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 43.2 %, 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. Mind Aps's liquidity measured by quick ratio was 1.8 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 377.10 | 503.55 | 397.43 | 453.43 | 186.70 |
Gross profit | 207.81 | 260.20 | 198.97 | 217.68 | 93.87 |
EBIT | 5.14 | -52.50 | - 212.43 | - 188.78 | - 271.85 |
Net earnings | 0.30 | -41.97 | - 173.02 | - 152.89 | - 215.05 |
Shareholders equity total | 101.56 | 168.13 | 195.12 | 142.23 | 227.18 |
Balance sheet total (assets) | 251.77 | 357.93 | 471.60 | 490.64 | 526.37 |
Net debt | -2.24 | -23.65 | -9.41 | -5.82 | -9.28 |
Profitability | |||||
EBIT-% | 1.4 % | -10.4 % | -53.5 % | -41.6 % | -145.6 % |
ROA | 1.9 % | -17.2 % | -51.2 % | -39.2 % | -53.5 % |
ROE | 0.3 % | -31.1 % | -95.3 % | -90.6 % | -116.4 % |
ROI | 5.1 % | -38.9 % | -117.0 % | -111.9 % | -147.2 % |
Economic value added (EVA) | 0.05 | -45.13 | - 177.10 | - 159.69 | - 219.19 |
Solvency | |||||
Equity ratio | 40.3 % | 47.0 % | 41.4 % | 29.0 % | 43.2 % |
Gearing | |||||
Relative net indebtedness % | 39.2 % | 33.0 % | 67.2 % | 75.6 % | 155.3 % |
Liquidity | |||||
Quick ratio | 1.7 | 1.9 | 1.7 | 1.4 | 1.8 |
Current ratio | 1.7 | 1.9 | 1.7 | 1.4 | 1.8 |
Cash and cash equivalents | 2.24 | 23.65 | 9.41 | 5.82 | 9.28 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 37.1 | 79.7 | 177.2 | 141.6 | 288.5 |
Net working capital % | 26.9 % | 33.4 % | 49.1 % | 31.4 % | 121.7 % |
Credit risk | |||||
Credit rating | BB | BBB | BB | BB | BB |
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