EJENDOMSSELSKABET MIDDELGADE 2 ApS — Credit Rating and Financial Key Figures

CVR number: 33151985
Gl. Viborgvej 80, 8920 Randers NV
tel: 40521447

Credit rating

Company information

Official name
EJENDOMSSELSKABET MIDDELGADE 2 ApS
Established
2010
Company form
Private limited company
Industry

About EJENDOMSSELSKABET MIDDELGADE 2 ApS

EJENDOMSSELSKABET MIDDELGADE 2 ApS (CVR number: 33151985) is a company from RANDERS. The company recorded a gross profit of 63.4 kDKK in 2023. The operating profit was 44.1 kDKK, while net earnings were -47.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak but Return on Equity (ROE) was -8.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 12.4 %, 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. EJENDOMSSELSKABET MIDDELGADE 2 ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit247.69-19.4194.2394.2263.42
EBIT228.33-38.7674.8874.8644.07
Net earnings128.35- 103.5063.2435.61-47.50
Shareholders equity total585.58482.07545.31580.92533.42
Balance sheet total (assets)4 088.183 967.813 960.503 948.814 306.19
Net debt3 048.223 370.243 300.233 222.673 616.50
Profitability
EBIT-%
ROA5.6 %-1.0 %1.9 %1.9 %1.1 %
ROE24.6 %-19.4 %12.3 %6.3 %-8.5 %
ROI6.0 %-1.0 %1.9 %1.9 %1.1 %
Economic value added (EVA)44.74- 173.56-21.76-59.61-77.21
Solvency
Equity ratio14.3 %12.1 %13.8 %14.7 %12.4 %
Gearing520.6 %699.1 %605.4 %555.3 %678.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.00.00.00.0
Current ratio0.10.00.00.00.0
Cash and cash equivalents0.031.362.96
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:1.07%
Rating: 25/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:12.4%
Rating: 12/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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