PROAC ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About PROAC ApS
PROAC ApS (CVR number: 21595985) is a company from RUDERSDAL. The company recorded a gross profit of 165.4 kDKK in 2023. The operating profit was 165.4 kDKK, while net earnings were -102.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.1 %, which can be considered decent but Return on Equity (ROE) was -30.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 32.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. PROAC ApS's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 10.13 | 281.29 | 460.97 | ||
Gross profit | -20.21 | 264.32 | 439.29 | 577.08 | 165.39 |
EBIT | -20.21 | 264.32 | 439.29 | 577.08 | 165.39 |
Net earnings | 23.43 | 436.36 | 497.91 | 559.76 | - 102.78 |
Shareholders equity total | -1 106.59 | - 670.24 | - 172.33 | 387.43 | 284.65 |
Balance sheet total (assets) | 464.69 | 897.75 | 1 383.53 | 1 722.76 | 880.37 |
Net debt | - 134.34 | - 431.60 | -1 000.55 | -1 306.55 | - 599.10 |
Profitability | |||||
EBIT-% | -199.6 % | 94.0 % | 95.3 % | ||
ROA | 6.3 % | 27.7 % | 33.2 % | 43.7 % | 6.1 % |
ROE | 5.3 % | 64.1 % | 43.7 % | 63.2 % | -30.6 % |
ROI | 40.7 % | 179.0 % | 214.2 % | 160.6 % | 13.2 % |
Economic value added (EVA) | 57.60 | 344.26 | 498.21 | 528.51 | 243.02 |
Solvency | |||||
Equity ratio | -70.4 % | -42.7 % | -11.1 % | 22.5 % | 32.3 % |
Gearing | -22.0 % | -36.3 % | -139.7 % | 68.3 % | 93.0 % |
Relative net indebtedness % | 11790.6 % | 317.6 % | 68.2 % | ||
Liquidity | |||||
Quick ratio | 0.2 | 0.5 | 0.8 | 1.2 | 1.5 |
Current ratio | 0.2 | 0.5 | 0.8 | 1.2 | 1.5 |
Cash and cash equivalents | 377.48 | 674.75 | 1 241.35 | 1 571.13 | 863.68 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 119.5 | 17.3 | |||
Net working capital % | -15303.9 % | -477.0 % | -261.3 % | ||
Credit risk | |||||
Credit rating | BB | BB | BBB | BB | BB |
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