BELFOR Denmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BELFOR Denmark A/S
BELFOR Denmark A/S (CVR number: 19440834) is a company from HERLEV. The company reported a net sales of 558.5 mDKK in 2024, demonstrating a decline of -3.8 % compared to the previous year. The operating profit percentage was poor at -30.8 % (EBIT: -172.2 mDKK), while net earnings were -265.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was -21.2 %, which can be considered poor and Return on Equity (ROE) was -42.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 48.7 %, 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. BELFOR Denmark A/S's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 79.95 | 91.33 | 339.78 | 580.59 | 558.54 |
Gross profit | 57.59 | 69.81 | 206.85 | 344.37 | 343.27 |
EBIT | -3.74 | 1.08 | -35.57 | -55.47 | - 172.24 |
Net earnings | -3.45 | -2.98 | -45.05 | - 131.49 | - 265.38 |
Shareholders equity total | 16.48 | 13.50 | -31.56 | 751.63 | 486.25 |
Balance sheet total (assets) | 56.89 | 110.32 | 1 274.48 | 1 257.02 | 998.75 |
Net debt | 6.04 | 37.85 | 141.94 | 278.49 | 333.56 |
Profitability | |||||
EBIT-% | -4.7 % | 1.2 % | -10.5 % | -9.6 % | -30.8 % |
ROA | 0.4 % | 8.1 % | -4.8 % | -3.2 % | -21.2 % |
ROE | -5.8 % | -19.9 % | -38.1 % | -27.0 % | -42.9 % |
ROI | 1.2 % | -38.6 % | -5.7 % | -3.6 % | -23.8 % |
Economic value added (EVA) | -9.46 | -2.04 | -44.83 | -61.74 | - 219.23 |
Solvency | |||||
Equity ratio | 10.4 % | 8.2 % | -12.4 % | 59.8 % | 48.7 % |
Gearing | 158.9 % | 281.0 % | -450.0 % | 39.6 % | 70.1 % |
Relative net indebtedness % | 136.7 % | 151.7 % | 72.8 % | 80.4 % | 89.0 % |
Liquidity | |||||
Quick ratio | 1.9 | 1.7 | 1.3 | 0.5 | 1.1 |
Current ratio | 1.9 | 1.8 | 1.3 | 0.5 | 1.2 |
Cash and cash equivalents | 20.15 | 0.08 | 0.05 | 19.28 | 7.16 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 204.9 | 107.8 | 26.1 | 24.6 | 9.8 |
Net working capital % | 151.9 % | 122.7 % | 21.9 % | -32.9 % | 4.4 % |
Credit risk | |||||
Credit rating | B | B | BBB | A | A |
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