Makeen Gas Equipment Denmark A/S — Credit Rating and Financial Key Figures

CVR number: 27184979
Alsvej 21, 8940 Randers SV
mail@birodan.dk
tel: 86448734

Credit rating

Company information

Official name
Makeen Gas Equipment Denmark A/S
Personnel
10 persons
Established
2003
Company form
Limited company
Industry

About Makeen Gas Equipment Denmark A/S

Makeen Gas Equipment Denmark A/S (CVR number: 27184979) is a company from RANDERS. The company recorded a gross profit of 8744.3 kDKK in 2024. The operating profit was 1130.7 kDKK, while net earnings were 937.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.4 %, which can be considered decent but Return on Equity (ROE) was 21.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 16.8 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Makeen Gas Equipment Denmark A/S's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit3 844.675 154.7715 554.6315 306.648 744.33
EBIT2 170.472 130.2310 454.418 610.881 130.67
Net earnings1 654.551 585.177 941.536 799.78937.48
Shareholders equity total2 653.692 738.878 441.537 299.781 437.48
Balance sheet total (assets)6 429.398 203.1525 628.3322 715.4813 044.79
Net debt- 267.72- 253.27-7 145.902 470.431 358.43
Profitability
EBIT-%
ROA36.0 %29.1 %62.2 %37.0 %7.4 %
ROE64.2 %58.8 %142.1 %86.4 %21.5 %
ROI63.2 %61.3 %158.0 %80.8 %15.5 %
Economic value added (EVA)1 517.621 485.227 973.766 212.74251.61
Solvency
Equity ratio41.3 %33.4 %44.5 %37.0 %16.8 %
Gearing29.3 %28.3 %16.2 %68.4 %235.1 %
Relative net indebtedness %
Liquidity
Quick ratio0.70.61.20.80.8
Current ratio1.71.51.21.11.1
Cash and cash equivalents1 044.131 027.468 510.472 524.982 020.72
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBBBBBBB

Variable visualization

ROA:7.44%
Rating: 50/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:16.8%
Rating: 16/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board

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