WINDSPACE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About WINDSPACE A/S
WINDSPACE A/S (CVR number: 29915180) is a company from LYNGBY-TAARBÆK. The company recorded a gross profit of 2351 kDKK in 2023. The operating profit was -9078.9 kDKK, while net earnings were -2195.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.8 %, which can be considered poor and Return on Equity (ROE) was -4.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 69.8 %, 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. WINDSPACE A/S's liquidity measured by quick ratio was 3.1 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 418.20 | 1 271.16 | 2 622.62 | 2 546.20 | 2 350.97 |
EBIT | -3 021.66 | -3 871.08 | -2 860.17 | -5 248.17 | -9 078.86 |
Net earnings | 28 338.38 | 7 594.77 | -6 403.18 | -5 834.52 | -2 195.65 |
Shareholders equity total | 25 996.70 | 33 591.47 | 27 188.29 | 54 905.55 | 52 709.90 |
Balance sheet total (assets) | 26 582.77 | 58 541.58 | 57 719.93 | 77 660.64 | 75 545.69 |
Net debt | -12 767.19 | 18 090.20 | 25 614.45 | -5 502.67 | 19 911.39 |
Profitability | |||||
EBIT-% | |||||
ROA | 144.3 % | 18.5 % | -4.2 % | -5.1 % | -0.8 % |
ROE | 161.7 % | 25.5 % | -21.1 % | -14.2 % | -4.1 % |
ROI | 155.2 % | 18.8 % | -4.3 % | -5.2 % | -0.8 % |
Economic value added (EVA) | -2 592.85 | -3 683.01 | -4 061.86 | -6 437.30 | -10 794.12 |
Solvency | |||||
Equity ratio | 97.8 % | 57.4 % | 47.1 % | 70.7 % | 69.8 % |
Gearing | 0.0 % | 70.9 % | 102.7 % | 39.8 % | 40.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 48.7 | 7.8 | 2.8 | 13.5 | 3.1 |
Current ratio | 48.7 | 7.8 | 2.8 | 13.5 | 3.1 |
Cash and cash equivalents | 12 769.22 | 5 725.45 | 2 308.77 | 27 343.38 | 1 407.10 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | BBB | A | A |
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