CVR number 33367023K
Industry 71.1290 Engineering activities and related technical consultancy

Nordic Solar A/S - Group

 

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Analyst: XBRLDenmarkIFRS
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Bankruptcy Risk 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Bankruptcy risk for industry  1.5% 1.5% 1.5% 1.5% 1.5%  
Bankruptcy risk  0.5% 0.4% 0.4% 0.8% 1.4%  
Credit score (0-100)  99 100 100 90 77  
Credit rating  AA AAA AAA AA A  
Credit limit (mEUR)  11.0 29.2 41.6 33.2 2.0  
How are these values calculated?
 
View the automatically generated explanation of bankruptcy risk

Income statement (mEUR) 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Net sales  32 46 72 59 49  
Gross profit  25.8 36.1 56.9 43.7 31.3  
EBITDA  25.6 32.2 49.3 32.8 17.7  
EBIT  9.3 12.0 24.0 6.1 -13.2  
Pre-tax profit (PTP)  1.4 2.5 11.3 -7.4 -33.3  
Net earnings  0.1 1.6 6.2 -9.2 -30.1  
Pre-tax profit without non-rec. items  1.4 2.5 11.3 -7.4 -33.3  
 
See the entire income statement

Balance sheet (mEUR) 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Tangible assets total  289 460 499 601 740  
Shareholders equity total  85.2 254 338 327 300  
Interest-bearing liabilities  218 276 294 416 553  
Balance sheet total (assets)  342 592 707 671 815  
Net Debt  184 224 183 299 460  
 
See the entire balance sheet

Volume 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Net sales  32 46 72 59 49  
Net sales growth  10.1% 45.8% 55.8% -18.6% -16.5%  
Gross profit  25.8 36.1 56.9 43.7 31.3  
Gross profit growth  8.4% 40.2% 57.6% -23.2% -28.3%  
Employees  0 36 51 85 128  
Employee growth %  0.0% 0.0% 41.7% 66.7% 50.6%  
Employee expenses  0.0 0.0 0.0 0.0 0.0  
Balance sheet total (assets)  342 592 707 671 815  
Balance sheet change%  32.9% 73.0% 19.3% -5.0% 21.4%  
Added value  25.6 32.2 49.3 31.4 17.7  
Added value %  80.5% 69.4% 68.1% 53.3% 36.1%  
Investments  47 151 14 76 108  
Net sales trend  4.0 5.0 5.0 -1.0 -2.0  
EBIT trend  4.0 5.0 5.0 5.0 -1.0  

Profitability 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
EBITDA %  80.5% 69.4% 68.1% 55.7% 36.1%  
EBIT %  29.2% 25.9% 33.2% 10.4% -26.7%  
EBIT to gross profit (%)  36.0% 33.3% 42.2% 14.0% -42.0%  
Net Earnings %  0.3% 3.3% 8.5% -15.7% -61.2%  
Profit before depreciation and extraordinary items %  51.6% 46.9% 43.4% 29.6% 1.6%  
Pre tax profit less extraordinaries %  4.4% 5.3% 15.5% -12.6% -67.7%  
ROA %  3.1% 2.7% 4.2% 1.9% -0.9%  
ROI %  3.3% 2.9% 4.5% 2.0% -1.0%  
ROE %  0.1% 0.9% 2.1% -2.8% -9.6%  

Solidity 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Equity ratio %  24.9% 42.9% 47.9% 40.7% 32.2%  
Relative indebtedness %  807.4% 728.2% 509.0% 809.2% 1,283.4%  
Relative net indebtedness %  701.3% 616.9% 355.8% 611.6% 1,093.2%  
Net int. bear. debt to EBITDA, %  717.6% 695.8% 370.6% 912.3% 2,591.9%  
Gearing %  255.7% 108.7% 86.8% 127.0% 184.8%  
Net interest  0 0 0 0 0  
Financing costs %  4.1% 4.2% 5.7% 5.8% 5.4%  

Liquidity 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Quick Ratio  1.5 0.9 1.7 -0.1 -0.1  
Current Ratio  1.5 0.9 1.7 -0.1 -0.1  
Cash and cash equivalent  33.8 51.7 110.9 116.5 93.6  

Capital use efficiency 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Trade debtors turnover (days)  14.7 25.4 50.9 43.6 37.7  
Trade creditors turnover (days)  125.4 367.9 256.9 283.3 372.4  
Current assets / Net sales %  132.1% 147.0% 181.0%      
Net working capital  14.7 -4.7 54.3 -73.6 -92.9  
Net working capital %  46.3% -10.2% 75.1% -125.0% -188.8%  

Employee efficiency 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Net sales / employee  0 1 1 1 0  
Added value / employee  0 1 1 0 0  
Employee expenses / employee  0 0 0 0 0  
EBITDA / employee  0 1 1 0 0  
EBIT / employee  0 0 0 0 -0  
Net earnings / employee  0 0 0 -0 -0