THE CHANGE GROUP DENMARK ApS — Credit Rating and Financial Key Figures

CVR number: 15688408
Østergade 1, 1100 København K
ivana.gligorijevic@changegroup.com
tel: 33115550

Credit rating

Company information

Official name
THE CHANGE GROUP DENMARK ApS
Personnel
7 persons
Established
1991
Company form
Private limited company
Industry

About THE CHANGE GROUP DENMARK ApS

THE CHANGE GROUP DENMARK ApS (CVR number: 15688408) is a company from KØBENHAVN. The company recorded a gross profit of 2349 kDKK in 2024. The operating profit was -1870.2 kDKK, while net earnings were -1658.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -9.7 %, which can be considered poor and Return on Equity (ROE) was -14 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 70.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. THE CHANGE GROUP DENMARK ApS's liquidity measured by quick ratio was 1.6 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit185.103 720.603 464.156 758.132 349.04
EBIT-5 904.22931.19532.683 750.06-1 870.21
Net earnings-7 052.95-1 191.33336.313 748.80-1 658.16
Shareholders equity total8 964.477 963.608 914.2312 477.0911 175.75
Balance sheet total (assets)13 996.2712 677.8912 018.8215 098.5115 778.03
Net debt- 163.44-64.24-1 637.99-2 448.23-4 934.83
Profitability
EBIT-%
ROA-41.2 %-6.6 %4.7 %28.7 %-9.7 %
ROE-54.7 %-14.1 %4.0 %35.0 %-14.0 %
ROI-45.5 %-7.6 %5.4 %32.5 %-11.4 %
Economic value added (EVA)-6 797.35350.07-18.383 221.06-2 545.73
Solvency
Equity ratio64.0 %62.8 %74.2 %82.6 %70.8 %
Gearing29.0 %37.7 %18.1 %7.7 %13.7 %
Relative net indebtedness %
Liquidity
Quick ratio1.41.41.73.21.6
Current ratio1.41.41.73.21.6
Cash and cash equivalents2 763.533 067.063 251.113 414.336 466.11
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBAABBB

Variable visualization

ROA:-9.67%
Rating: 10/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:70.8%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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