Credit rating
Company information
About Balloon IT ApS
Balloon IT ApS (CVR number: 39805189) is a company from ROSKILDE. The company reported a net sales of 0 mDKK in 2023, demonstrating a decline of -0.3 % compared to the previous year. The operating profit percentage was at 62.9 % (EBIT: 0 mDKK), while net earnings were 11 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.7 %, which can be considered excellent but Return on Equity (ROE) was 11.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 81.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Balloon IT ApS's liquidity measured by quick ratio was 5.5 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 31.72 | 29.68 | 39.09 | 43.65 | 43.52 |
Gross profit | 24.29 | 25.13 | 31.81 | 36.56 | 27.38 |
EBIT | 24.29 | 25.13 | 31.81 | 36.56 | 27.38 |
Net earnings | 18.94 | 19.60 | 24.81 | 28.52 | 10.98 |
Shareholders equity total | 18.94 | 38.55 | 70.34 | 98.86 | 89.83 |
Balance sheet total (assets) | 42.13 | 66.62 | 95.80 | 142.43 | 109.84 |
Net debt | -4.60 | -19.52 | -36.95 | -77.87 | -42.51 |
Profitability | |||||
EBIT-% | 76.6 % | 84.7 % | 81.4 % | 83.8 % | 62.9 % |
ROA | 57.6 % | 46.2 % | 39.2 % | 30.7 % | 21.7 % |
ROE | 100.0 % | 68.2 % | 45.6 % | 33.7 % | 11.6 % |
ROI | 83.9 % | 64.9 % | 49.4 % | 38.6 % | 26.2 % |
Economic value added (EVA) | 18.94 | 20.34 | 26.29 | 27.34 | 18.89 |
Solvency | |||||
Equity ratio | 45.0 % | 57.9 % | 73.4 % | 69.4 % | 81.8 % |
Gearing | 52.8 % | 25.9 % | 14.2 % | 10.1 % | 11.1 % |
Relative net indebtedness % | 27.1 % | -4.9 % | -55.0 % | -101.5 % | -74.7 % |
Liquidity | |||||
Quick ratio | 1.8 | 2.4 | 3.8 | 3.3 | 5.5 |
Current ratio | 1.8 | 2.4 | 3.8 | 3.3 | 5.5 |
Cash and cash equivalents | 14.60 | 29.52 | 46.95 | 87.86 | 52.51 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 316.8 | 456.2 | 456.2 | 456.2 | 456.2 |
Net working capital % | 59.7 % | 129.9 % | 180.0 % | 226.5 % | 206.4 % |
Credit risk | |||||
Credit rating | B | B | B | B | B |
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