SOFTWARE IMPROVEMENT GROUP - NORDIC ApS — Credit Rating and Financial Key Figures

CVR number: 32675123
Bredgade 30, 1260 København K
www.sig.eu

Credit rating

Company information

Official name
SOFTWARE IMPROVEMENT GROUP - NORDIC ApS
Personnel
7 persons
Established
2010
Company form
Private limited company
Industry
  • Expand more icon629000

About SOFTWARE IMPROVEMENT GROUP - NORDIC ApS

SOFTWARE IMPROVEMENT GROUP - NORDIC ApS (CVR number: 32675123) is a company from KØBENHAVN. The company reported a net sales of 1.4 mEUR in 2023, demonstrating a decline of -12.7 % compared to the previous year. The operating profit percentage was poor at -16.1 % (EBIT: -0.2 mEUR), while net earnings were -178.8 kEUR. The profitability of the company measured by Return on Assets (ROA) was -12.9 %, which can be considered poor and Return on Equity (ROE) was -16 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 57.2 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. SOFTWARE IMPROVEMENT GROUP - NORDIC ApS's liquidity measured by quick ratio was 2.3 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 financials

Net sales (kEUR)

EBIT (kEUR)

Profitability

Solidity

Key figures (kEUR)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 704.532 296.261 603.051 399.15
Gross profit1 301.951 176.081 308.26949.54809.70
EBIT633.27656.76505.3579.56- 225.25
Net earnings516.64529.13385.8851.31- 178.84
Shareholders equity total490.571 019.701 405.581 456.89778.05
Balance sheet total (assets)973.251 482.671 857.342 119.251 361.09
Net debt- 229.70- 983.36-1 460.04- 726.44- 443.48
Profitability
EBIT-%38.5 %22.0 %5.0 %-16.1 %
ROA79.1 %54.4 %30.4 %4.2 %-12.9 %
ROE94.0 %70.1 %31.8 %3.6 %-16.0 %
ROI168.0 %88.4 %41.8 %4.9 %-15.1 %
Economic value added (EVA)518.66498.74389.6462.15- 189.49
Solvency
Equity ratio50.4 %68.8 %75.7 %68.7 %57.2 %
Gearing0.2 %0.0 %0.2 %33.8 %33.2 %
Relative net indebtedness %-30.5 %-44.0 %-34.7 %-8.5 %
Liquidity
Quick ratio2.03.24.13.22.3
Current ratio2.03.24.13.22.3
Cash and cash equivalents230.50983.381 462.491 218.86702.17
Capital use efficiency
Trade debtors turnover (days)37.135.631.048.1
Net working capital %58.9 %60.6 %90.0 %54.9 %
Credit risk
Credit ratingBBBBBABBBBBB

Variable visualization

ROA:-12.9%
Rating: 7/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:57.2%
Rating: 45/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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