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Twentyninetimes ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Twentyninetimes ApS
Twentyninetimes ApS (CVR number: 41803096) is a company from AARHUS. The company reported a net sales of 10 mDKK in 2025, demonstrating a growth of 10.9 % compared to the previous year. The operating profit percentage was at 10.7 % (EBIT: 1.1 mDKK), while net earnings were 811.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 41.8 %, which can be considered excellent and Return on Equity (ROE) was 68.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 54.7 %, 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. Twentyninetimes ApS's liquidity measured by quick ratio was 2.1 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 financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 4 200.51 | 8 020.46 | 8 882.69 | 9 055.22 | 10 039.22 |
| Gross profit | 3 086.70 | 6 184.97 | 6 541.56 | 6 848.74 | 8 032.80 |
| EBIT | 267.07 | 591.72 | 473.00 | 350.30 | 1 075.48 |
| Net earnings | 202.52 | 449.46 | 352.71 | 240.99 | 811.89 |
| Shareholders equity total | 242.52 | 691.98 | 794.70 | 785.68 | 1 597.57 |
| Balance sheet total (assets) | 920.10 | 1 786.38 | 1 925.54 | 2 221.83 | 2 922.37 |
| Net debt | - 278.67 | - 781.78 | - 660.80 | - 659.05 | -1 258.34 |
| Profitability | |||||
| EBIT-% | 6.4 % | 7.4 % | 5.3 % | 3.9 % | 10.7 % |
| ROA | 29.0 % | 43.7 % | 25.5 % | 16.9 % | 41.8 % |
| ROE | 83.5 % | 96.2 % | 47.4 % | 30.5 % | 68.1 % |
| ROI | 110.1 % | 126.6 % | 63.6 % | 44.3 % | 90.3 % |
| Economic value added (EVA) | 204.34 | 445.89 | 324.90 | 219.23 | 788.54 |
| Solvency | |||||
| Equity ratio | 26.4 % | 38.7 % | 41.3 % | 35.4 % | 54.7 % |
| Gearing | |||||
| Relative net indebtedness % | 9.5 % | 3.9 % | 5.3 % | 8.6 % | 0.7 % |
| Liquidity | |||||
| Quick ratio | 1.4 | 1.6 | 1.6 | 1.5 | 2.1 |
| Current ratio | 1.4 | 1.6 | 1.6 | 1.5 | 2.1 |
| Cash and cash equivalents | 278.67 | 781.78 | 660.80 | 659.05 | 1 258.34 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 55.6 | 41.4 | 48.2 | 59.4 | 57.3 |
| Net working capital % | 5.8 % | 7.5 % | 8.0 % | 7.7 % | 15.0 % |
| Credit risk | |||||
| Credit rating | BB | BB | BBB | BB | BBB |
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