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Analyst: XBRLDenmark
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Bankruptcy Risk 
2019
2020/4
2020
2021/4
2021
2022/4
2022
2023/4
2023
2024/4
Bankruptcy risk for industry  0.4% 0.4% 0.4% 0.4% 0.4%  
Bankruptcy risk  4.8% 5.0% 5.1% 5.0% 8.6%  
Credit score (0-100)  46 44 42 43 27  
Credit rating  BBB BBB BBB BBB BB  
Credit limit (kDKK)  0.0 0.0 0.0 0.0 0.0  

How are these values calculated?
 
View the automatically generated explanation of bankruptcy risk

Income statement (kDKK) 
2019
2020/4
2020
2021/4
2021
2022/4
2022
2023/4
2023
2024/4

Net sales  29 29 37 39 8  
Gross profit  14.8 18.9 28.4 29.6 8.0  
EBITDA  14.8 18.9 28.4 29.6 8.0  
EBIT  14.8 18.9 28.4 29.6 8.0  
Pre-tax profit (PTP)  14.8 18.9 28.9 30.2 8.6  
Net earnings  11.5 14.7 22.5 23.5 6.7  
Pre-tax profit without non-rec. items  14.8 18.9 28.9 30.2 8.6  

 
See the entire income statement

Balance sheet (kDKK) 
2019
2020/4
2020
2021/4
2021
2022/4
2022
2023/4
2023
2024/4

Tangible assets total  70.8 70.8 70.8 70.8 0.0  
Shareholders equity total  51.0 47.7 60.2 53.8 57.5  
Interest-bearing liabilities  0.0 0.0 0.0 0.0 0.0  
Balance sheet total (assets)  100 112 140 142 62.2  

Net Debt  -29.3 -40.7 -68.9 -71.5 -62.2  
 
See the entire balance sheet

Volume 
2019
2020/4
2020
2021/4
2021
2022/4
2022
2023/4
2023
2024/4

Net sales  29 29 37 39 8  
Net sales growth  0.0% 0.0% 27.0% 4.8% -78.7%  
Gross profit  14.8 18.9 28.4 29.6 8.0  
Gross profit growth  75.0% 27.6% 50.5% 4.2% -73.0%  
Employees  0 0 0 0 0  
Employee growth %  0.0% 0.0% 0.0% 0.0% 0.0%  
Employee expenses  0.0 0.0 0.0 0.0 0.0  
Balance sheet total (assets)  100 112 140 142 62  
Balance sheet change%  10.1% 11.3% 25.3% 1.9% -56.3%  
Added value  14.8 18.9 28.4 29.6 8.0  
Added value %  50.9% 64.9% 77.0% 76.5% 97.1%  
Investments  0 0 0 0 -71  

Net sales trend  0.0 0.0 1.0 2.0 -1.0  
EBIT trend  4.0 5.0 5.0 5.0 5.0  

Profitability 
2019
2020/4
2020
2021/4
2021
2022/4
2022
2023/4
2023
2024/4
EBITDA %  50.9% 64.9% 77.0% 76.5% 97.1%  
EBIT %  50.9% 64.9% 77.0% 76.5% 97.1%  
EBIT to gross profit (%)  100.0% 100.0% 100.0% 100.0% 100.0%  
Net Earnings %  39.7% 50.7% 61.1% 60.9% 81.4%  
Profit before depreciation and extraordinary items %  39.7% 50.7% 61.1% 60.9% 81.4%  
Pre tax profit less extraordinaries %  50.9% 64.9% 78.3% 78.1% 104.4%  
ROA %  15.5% 17.8% 23.0% 21.4% 8.4%  
ROI %  17.9% 20.6% 26.5% 34.3% 15.5%  
ROE %  22.5% 29.8% 41.7% 41.3% 12.1%  

Solidity 
2019
2020/4
2020
2021/4
2021
2022/4
2022
2023/4
2023
2024/4
Equity ratio %  50.9% 42.8% 43.1% 37.8% 92.5%  
Relative indebtedness %  169.3% 219.7% 215.5% 229.2% 57.0%  
Relative net indebtedness %  68.2% 79.5% 28.7% 44.1% -698.2%  
Net int. bear. debt to EBITDA, %  -198.5% -215.8% -242.6% -241.9% -777.9%  
Gearing %  0.0% 0.0% 0.0% 0.0% 0.0%  
Net interest  0 0 0 0 0  
Financing costs %  0.0% 0.0% 0.0% 0.0% 0.0%  

Liquidity 
2019
2020/4
2020
2021/4
2021
2022/4
2022
2023/4
2023
2024/4
Quick Ratio  2.2 2.6 3.9 0.8 13.3  
Current Ratio  2.2 2.6 3.9 0.8 13.3  
Cash and cash equivalent  29.3 40.7 68.9 71.5 62.2  

Capital use efficiency 
2019
2020/4
2020
2021/4
2021
2022/4
2022
2023/4
2023
2024/4
Trade debtors turnover (days)  0.0 0.0 0.0 0.0 0.0  
Trade creditors turnover (days)  0.0 0.0 0.0 0.0 0.0  
Current assets / Net sales %  101.0% 140.2% 186.8% 185.2% 755.2%  
Net working capital  16.1 25.1 51.2 -17.0 57.5  
Net working capital %  55.4% 86.6% 139.0% -44.1% 698.2%  

Employee efficiency 
2019
2020/4
2020
2021/4
2021
2022/4
2022
2023/4
2023
2024/4
Net sales / employee  0 0 0 0 0  
Added value / employee  0 0 0 0 0  
Employee expenses / employee  0 0 0 0 0  
EBITDA / employee  0 0 0 0 0  
EBIT / employee  0 0 0 0 0  
Net earnings / employee  0 0 0 0 0