SOLVEIG A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SOLVEIG A/S
SOLVEIG A/S (CVR number: 29835381) is a company from VEJLE. The company recorded a gross profit of -907.9 kDKK in 2024. The operating profit was -1472.2 kDKK, while net earnings were 3118.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19.9 %, which can be considered excellent but Return on Equity (ROE) was 4.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 64.2 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. SOLVEIG A/S's liquidity measured by quick ratio was 3.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 51.59 | - 272.63 | - 396.18 | 546.47 | - 907.94 |
EBIT | - 752.33 | - 896.73 | - 847.88 | 67.99 | -1 472.22 |
Net earnings | - 338.58 | - 534.25 | 4 637.99 | -2 185.49 | 3 118.51 |
Shareholders equity total | 58 628.89 | 58 094.63 | 62 732.63 | 73 303.84 | 72 922.34 |
Balance sheet total (assets) | 81 257.86 | 85 399.17 | 91 337.39 | 112 700.92 | 113 668.74 |
Net debt | 16 428.62 | 22 480.83 | 22 042.20 | 29 777.57 | 15 765.27 |
Profitability | |||||
EBIT-% | |||||
ROA | -0.1 % | -0.4 % | 11.0 % | -0.8 % | 19.9 % |
ROE | -0.6 % | -0.9 % | 7.7 % | -3.2 % | 4.3 % |
ROI | -0.1 % | -0.5 % | 11.6 % | -0.8 % | 21.6 % |
Economic value added (EVA) | -4 206.12 | -4 157.45 | -4 672.62 | -3 260.98 | -4 205.85 |
Solvency | |||||
Equity ratio | 72.2 % | 68.0 % | 68.7 % | 65.0 % | 64.2 % |
Gearing | 31.0 % | 40.0 % | 36.3 % | 51.6 % | 31.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 6.0 | 7.8 | 6.0 | 2.7 | 3.2 |
Current ratio | 6.0 | 7.8 | 6.0 | 2.7 | 3.2 |
Cash and cash equivalents | 1 740.29 | 785.75 | 734.88 | 8 024.74 | 6 896.54 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | A | A |
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