Midt Nord VVS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Midt Nord VVS ApS
Midt Nord VVS ApS (CVR number: 37127973) is a company from Brønderslev. The company recorded a gross profit of 421.8 kDKK in 2024. The operating profit was -10.4 kDKK, while net earnings were -19 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.9 %, which can be considered poor and Return on Equity (ROE) was -3.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 49.1 %, 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. Midt Nord VVS ApS's liquidity measured by quick ratio was 1.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 411.59 | 444.28 | 552.33 | 860.92 | 421.82 |
EBIT | 9.70 | 32.75 | 93.74 | 433.90 | -10.42 |
Net earnings | 0.61 | 22.50 | 72.83 | 336.98 | -19.04 |
Shareholders equity total | 88.61 | 111.12 | 183.95 | 520.93 | 501.89 |
Balance sheet total (assets) | 458.37 | 389.54 | 485.31 | 943.05 | 1 022.44 |
Net debt | 28.81 | -24.67 | -39.10 | - 621.15 | - 309.23 |
Profitability | |||||
EBIT-% | |||||
ROA | 2.6 % | 7.7 % | 21.4 % | 60.8 % | -0.9 % |
ROE | 0.7 % | 22.5 % | 49.4 % | 95.6 % | -3.7 % |
ROI | 7.6 % | 28.7 % | 63.5 % | 123.1 % | -1.8 % |
Economic value added (EVA) | 0.04 | 17.42 | 67.82 | 327.67 | -33.58 |
Solvency | |||||
Equity ratio | 19.3 % | 28.5 % | 37.9 % | 55.2 % | 49.1 % |
Gearing | 32.5 % | ||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.1 | 1.2 | 1.5 | 2.2 | 1.9 |
Current ratio | 1.2 | 1.3 | 1.5 | 2.2 | 1.9 |
Cash and cash equivalents | 24.67 | 39.10 | 621.15 | 309.23 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BBB | BBB |
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