Safe2Trade ApS.

CVR number: 29190224
Sølystvej 19 B, 8600 Silkeborg
tel: 21774327

Credit rating

Company information

Official name
Safe2Trade ApS.
Established
2005
Company form
Private limited company
Industry
  • Expand more icon45Wholesale and retail trade and repair of motor vehicles and motorcycles

About Safe2Trade ApS.

Safe2Trade ApS. (CVR number: 29190224) is a company from SILKEBORG. The company recorded a gross profit of 66.6 kDKK in 2023. The operating profit was 36.6 kDKK, while net earnings were -18.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.8 %, which can be considered weak but Return on Equity (ROE) was -1.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -35.9 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Safe2Trade ApS.'s liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit35.1174.5843.7690.4566.59
EBIT5.1144.5813.7660.4536.59
Net earnings-6.2239.453.4551.18-18.84
Shareholders equity total- 810.40- 770.96- 767.50- 716.32- 735.16
Balance sheet total (assets)1 426.301 444.241 403.651 352.681 311.03
Net debt2 158.202 100.462 058.471 986.041 974.88
Profitability
EBIT-%
ROA0.3 %2.0 %0.6 %2.9 %1.8 %
ROE-0.6 %2.7 %0.2 %3.7 %-1.4 %
ROI0.3 %2.1 %0.6 %2.9 %1.8 %
Economic value added (EVA)15.4827.150.9549.5824.27
Solvency
Equity ratio-36.2 %-34.9 %-35.4 %-34.6 %-35.9 %
Gearing-268.1 %-280.0 %-275.7 %-282.3 %-272.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.10.10.00.0
Current ratio0.00.10.10.00.0
Cash and cash equivalents14.7158.5557.4136.4424.79
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:1.78%
Rating: 29/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-35.9%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

Build time: 2024-10-21T13:51:17.413Z

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