NORDIC UPSIDE ApS — Credit Rating and Financial Key Figures

CVR number: 33064640
Hortensiavej 5, 1857 Frederiksberg C
tel: 31390925

Company information

Official name
NORDIC UPSIDE ApS
Personnel
1 person
Established
2010
Company form
Private limited company
Industry

About NORDIC UPSIDE ApS

NORDIC UPSIDE ApS (CVR number: 33064640) is a company from FREDERIKSBERG. The company recorded a gross profit of 1661.7 kDKK in 2023, demonstrating a growth of 17.6 % compared to the previous year. The operating profit was 594.8 kDKK, while net earnings were 447.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.9 %, which can be considered good but Return on Equity (ROE) was 22.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 40.4 %, 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. NORDIC UPSIDE ApS's liquidity measured by quick ratio was 1.7 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 (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales2 252.682 252.682 252.682 252.68
Gross profit1 036.141 359.432 534.941 413.331 661.67
EBIT-93.69677.581 577.49527.77594.76
Net earnings-83.22525.951 202.20347.98447.50
Shareholders equity total1 155.30681.251 883.452 231.431 678.93
Balance sheet total (assets)2 651.843 364.674 449.824 519.964 151.43
Net debt- 957.02- 497.16-1 397.21- 699.44- 693.82
Profitability
EBIT-%-4.2 %30.1 %70.0 %23.4 %
ROA-3.6 %22.5 %41.0 %11.8 %13.9 %
ROE-4.8 %57.3 %93.7 %16.9 %22.9 %
ROI-4.2 %28.5 %48.1 %13.4 %16.4 %
Economic value added (EVA)- 101.88576.101 297.13487.13444.55
Solvency
Equity ratio43.6 %20.2 %42.3 %49.4 %40.4 %
Gearing83.0 %287.4 %113.4 %72.6 %108.8 %
Relative net indebtedness %-18.6 %10.1 %-43.0 %-1.5 %
Liquidity
Quick ratio1.81.21.71.91.7
Current ratio1.81.21.71.91.7
Cash and cash equivalents1 915.352 455.393 532.992 319.622 520.51
Capital use efficiency
Trade debtors turnover (days)103.9133.194.4314.6
Net working capital %41.8 %22.8 %71.2 %87.7 %
Credit risk
Credit ratingBBBBBBAAA

Variable visualization

ROA:13.9%
Rating: 65/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:40.4%
Rating: 33/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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