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Selskabet af 17. maj 2024 III ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Selskabet af 17. maj 2024 III ApS
Selskabet af 17. maj 2024 III ApS (CVR number: 44836564K) is a company from HERNING. The company reported a net sales of 777.9 mDKK in 2025, demonstrating a growth of 107.2 % compared to the previous year. The operating profit percentage was at 7.4 % (EBIT: 57.7 mDKK), while net earnings were 15.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.7 %, which can be considered weak and Return on Equity (ROE) was 2.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 36 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Selskabet af 17. maj 2024 III ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2024 | 2025 | |
|---|---|---|
| Volume | ||
| Net sales | 375 455.00 | 777 895.00 |
| Gross profit | 180 112.00 | 421 799.00 |
| EBIT | 8 056.00 | 57 702.00 |
| Net earnings | -12 888.00 | 15 276.00 |
| Shareholders equity total | 587 642.00 | 644 223.00 |
| Balance sheet total (assets) | 1 542 936.00 | 1 600 673.00 |
| Net debt | 596 495.00 | 571 489.00 |
| Profitability | ||
| EBIT-% | 2.1 % | 7.4 % |
| ROA | 0.5 % | 3.7 % |
| ROE | -2.3 % | 2.7 % |
| ROI | 0.6 % | 3.9 % |
| Economic value added (EVA) | 10 782.61 | -31 381.08 |
| Solvency | ||
| Equity ratio | 34.3 % | 36.0 % |
| Gearing | 116.3 % | 102.1 % |
| Relative net indebtedness % | 231.3 % | 111.9 % |
| Liquidity | ||
| Quick ratio | 0.8 | 0.8 |
| Current ratio | 1.2 | 1.2 |
| Cash and cash equivalents | 86 906.00 | 86 041.00 |
| Capital use efficiency | ||
| Trade debtors turnover (days) | 99.6 | 48.6 |
| Net working capital % | 14.1 % | 7.3 % |
| Credit risk | ||
| Credit rating | BBB | A |
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