ASETEK A/S — Credit Rating and Financial Key Figures

CVR number: 34880522
Skjoldet 20, 9230 Svenstrup J
tel: 96450047

Credit rating

Company information

Official name
ASETEK A/S
Personnel
2 persons
Established
2012
Company form
Limited company
Industry
  • Expand more icon26Manufacture of computer, electronic and optical products

About ASETEK A/S

ASETEK A/S (CVR number: 34880522K) is a company from AALBORG. The company reported a net sales of 52.5 mUSD in 2024, demonstrating a decline of -31.2 % compared to the previous year. The operating profit percentage was poor at -36.7 % (EBIT: -19.2 mUSD), while net earnings were -23.9 mUSD. The profitability of the company measured by Return on Assets (ROA) was -19.4 %, which can be considered poor and Return on Equity (ROE) was -44.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 51.8 %, 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. ASETEK A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mUSD)

EBIT (mUSD)

Profitability

Solidity

Key figures (mUSD)

See financials
2020
2021
2022
2023
2024
Volume
Net sales72.7579.8050.6576.3352.50
Gross profit34.1933.3720.7734.7121.95
EBIT10.930.78-5.409.40-19.25
Net earnings9.201.34-4.336.00-23.94
Shareholders equity total47.5248.3942.7566.1341.13
Balance sheet total (assets)71.3975.3578.61102.7479.36
Net debt-22.97-20.0514.289.2618.77
Profitability
EBIT-%15.0 %1.0 %-10.7 %12.3 %-36.7 %
ROA15.3 %2.2 %-7.4 %9.5 %-19.4 %
ROE21.3 %2.8 %-9.5 %11.0 %-44.6 %
ROI20.6 %3.1 %-9.8 %11.6 %-24.0 %
Economic value added (EVA)9.81-0.59-5.824.17-28.86
Solvency
Equity ratio66.6 %64.2 %54.4 %64.4 %51.8 %
Gearing8.7 %6.7 %50.7 %27.8 %53.6 %
Relative net indebtedness %-4.4 %4.6 %56.2 %36.0 %66.5 %
Liquidity
Quick ratio2.41.60.60.60.9
Current ratio2.51.80.80.91.2
Cash and cash equivalents27.1023.307.419.123.29
Capital use efficiency
Trade debtors turnover (days)122.878.796.860.393.8
Net working capital %45.1 %25.8 %-12.5 %-4.2 %8.3 %
Credit risk
Credit ratingAAAAAAAAABBB

Variable visualization

ROA:-19.4%
Rating: 1/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:51.8%
Rating: 41/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Board member

Companies in the same industry

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