NETSOLUTIONS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About NETSOLUTIONS ApS
NETSOLUTIONS ApS (CVR number: 28862466) is a company from HERLEV. The company reported a net sales of 161.6 mDKK in 2023, demonstrating a growth of 36.2 % compared to the previous year. The operating profit percentage was at 2 % (EBIT: 3.2 mDKK), while net earnings were 2511.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.6 %, which can be considered excellent and Return on Equity (ROE) was 69.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 21.8 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. NETSOLUTIONS ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 116.57 | 105.70 | 91.38 | 118.68 | 161.64 |
Gross profit | 12.32 | 13.57 | 12.18 | 13.96 | 20.55 |
EBIT | 0.11 | 1.48 | -0.77 | 1.26 | 3.17 |
Net earnings | 0.01 | 1.13 | -0.73 | 0.95 | 2.51 |
Shareholders equity total | 1.72 | 2.28 | 1.41 | 2.36 | 4.87 |
Balance sheet total (assets) | 20.84 | 15.37 | 12.27 | 20.32 | 22.31 |
Net debt | 2.56 | -0.95 | 0.46 | 0.77 | -2.68 |
Profitability | |||||
EBIT-% | 0.1 % | 1.4 % | -0.8 % | 1.1 % | 2.0 % |
ROA | 0.6 % | 9.5 % | -4.1 % | 8.0 % | 15.6 % |
ROE | 0.5 % | 56.7 % | -39.4 % | 50.4 % | 69.5 % |
ROI | 3.4 % | 52.6 % | -21.3 % | 41.8 % | 82.1 % |
Economic value added (EVA) | -0.00 | 1.05 | -0.84 | 0.91 | 2.24 |
Solvency | |||||
Equity ratio | 8.2 % | 14.8 % | 11.5 % | 11.6 % | 21.8 % |
Gearing | 148.8 % | 32.5 % | 32.6 % | 1.4 % | |
Relative net indebtedness % | 16.4 % | 11.5 % | 11.9 % | 15.1 % | 9.1 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.0 | 1.1 | 1.1 | 1.3 |
Current ratio | 1.1 | 1.1 | 1.2 | 1.2 | 1.3 |
Cash and cash equivalents | 0.95 | 2.74 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 58.3 | 29.8 | 43.8 | 58.3 | 40.1 |
Net working capital % | 1.0 % | 1.8 % | 1.8 % | 2.2 % | 3.3 % |
Credit risk | |||||
Credit rating | BB | BBB | BB | BB | BBB |
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