Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
Denmark
In shortCemat A/s is profitable.
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 24.2% | 97/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 37.5% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 29.7% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 4.99× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | n/a |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 22.99× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 7.33 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 31.9% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.85× | 69/100 |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 133.7% | 0/100 |
| Operating margin volatility | 4.7% | 67/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 83.7% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | -32.1% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
DKK millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 21 | 27 | 34 | 39 | 165 |
| Cost of revenue | 5.1 | 7.4 | 9.9 | – | – |
| Gross profit | 16 | 19 | 24 | – | – |
| Operating income | 3.3 | 3.5 | 4.4 | 7.3 | 40 |
| Interest expense | 1 | 1.2 | 1 | 1.7 | 1.7 |
| Pre-tax income | 33 | 28 | 15 | 18 | 84 |
| Income tax | 6.9 | 5.7 | 3.6 | 4.3 | 19 |
| Net income | 24 | 20 | 10 | 12 | 62 |
| Diluted EPS | kr0.10 | kr80.00 | kr40.00 | kr5.00 | kr25.00 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
7.33 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Dec 31, 2025