BIT BY BIT ApS — Credit Rating and Financial Key Figures

CVR number: 20959703
Fredensvej 8, 2950 Vedbæk

Company information

Official name
BIT BY BIT ApS
Established
1998
Company form
Private limited company
Industry

About BIT BY BIT ApS

BIT BY BIT ApS (CVR number: 20959703) is a company from RUDERSDAL. The company recorded a gross profit of -11 kDKK in 2022. The operating profit was -11 kDKK, while net earnings were -11 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.9 %, which can be considered poor and Return on Equity (ROE) was -5.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.1 %, 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. BIT BY BIT ApS's liquidity measured by quick ratio was 1.8 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
2018
2019
2020
2021
2022
Volume
Net sales
Gross profit3.8114.3843.553.48-10.99
EBIT3.8114.3843.553.48-10.99
Net earnings-9.8112.4833.762.74-11.00
Shareholders equity total299.93272.41264.17221.91165.91
Balance sheet total (assets)610.33646.52390.29392.45375.92
Net debt- 308.66- 635.25-99.99- 100.00- 370.31
Profitability
EBIT-%
ROA0.6 %2.3 %8.4 %0.9 %-2.9 %
ROE-3.1 %4.4 %12.6 %1.1 %-5.7 %
ROI0.6 %3.3 %16.2 %1.4 %-5.7 %
Economic value added (EVA)16.9428.0552.00-4.77-17.12
Solvency
Equity ratio49.1 %42.1 %67.7 %56.5 %44.1 %
Gearing100.4 %
Relative net indebtedness %
Liquidity
Quick ratio2.01.73.12.31.8
Current ratio2.01.73.12.31.8
Cash and cash equivalents609.66635.2599.99100.00370.31
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBB

Variable visualization

ROA:-2.86%
Rating: 17/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:44.1%
Rating: 36/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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