THE CHANGE GROUP DENMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 185.10 | 3 720.60 | 3 464.15 | 6 758.13 | 2 349.04 |
EBIT | -5 904.22 | 931.19 | 532.68 | 3 750.06 | -1 870.21 |
Net earnings | -7 052.95 | -1 191.33 | 336.31 | 3 748.80 | -1 658.16 |
Shareholders equity total | 8 964.47 | 7 963.60 | 8 914.23 | 12 477.09 | 11 175.75 |
Balance sheet total (assets) | 13 996.27 | 12 677.89 | 12 018.82 | 15 098.51 | 15 778.03 |
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) | -6 797.35 | 350.07 | -18.38 | 3 221.06 | -2 545.73 |
Solvency | |||||
Equity ratio | 64.0 % | 62.8 % | 74.2 % | 82.6 % | 70.8 % |
Gearing | 29.0 % | 37.7 % | 18.1 % | 7.7 % | 13.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.4 | 1.4 | 1.7 | 3.2 | 1.6 |
Current ratio | 1.4 | 1.4 | 1.7 | 3.2 | 1.6 |
Cash and cash equivalents | 2 763.53 | 3 067.06 | 3 251.11 | 3 414.33 | 6 466.11 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | A | A | BBB |
Variable visualization
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