NORTECH ApS — Credit Rating and Financial Key Figures

CVR number: 20556099
Tarmvej 180, Sdr Bork 6893 Hemmet
nortech.dk@gmail.com
tel: 40832782

Credit rating

Company information

Official name
NORTECH ApS
Established
1998
Domicile
Sdr Bork
Company form
Private limited company
Industry

About NORTECH ApS

NORTECH ApS (CVR number: 20556099) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of 521.3 kDKK in 2023. The operating profit was 436.7 kDKK, while net earnings were 32.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.6 %, which can be considered decent but Return on Equity (ROE) was 2.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 11.3 %, 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. NORTECH 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 profit234.10383.66568.41427.15521.34
EBIT194.90322.21497.12349.12436.71
Net earnings103.01172.45236.65341.0232.21
Shareholders equity total522.51694.96908.171 249.181 281.40
Balance sheet total (assets)5 316.025 435.267 345.757 521.3411 374.52
Net debt2 010.353 442.494 461.083 943.813 716.40
Profitability
EBIT-%
ROA4.9 %6.2 %7.8 %10.3 %4.6 %
ROE21.9 %28.3 %29.5 %31.6 %2.5 %
ROI7.9 %9.6 %10.1 %14.2 %8.5 %
Economic value added (EVA)31.90134.25153.2710.2969.25
Solvency
Equity ratio9.8 %12.8 %12.4 %16.6 %11.3 %
Gearing395.0 %520.9 %495.0 %316.3 %290.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.20.00.00.0
Current ratio0.00.20.00.00.0
Cash and cash equivalents53.42177.7934.377.466.57
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:4.62%
Rating: 42/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:11.3%
Rating: 11/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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