reConnect ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About reConnect ApS
reConnect ApS (CVR number: 32354408) is a company from AARHUS. The company recorded a gross profit of 2257.5 kDKK in 2023. The operating profit was 239.5 kDKK, while net earnings were -1215.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.7 %, which can be considered weak but Return on Equity (ROE) was -5.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 56.6 %, 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. reConnect ApS's liquidity measured by quick ratio was 1.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -1 387.42 | 1 964.16 | 2 397.81 | 2 211.87 | 2 257.51 |
EBIT | -5 275.45 | - 657.89 | 83.62 | 302.94 | 239.48 |
Net earnings | 48 182.83 | - 193.89 | 2 462.57 | 117.98 | -1 215.83 |
Shareholders equity total | 31 147.42 | 27 236.84 | 25 704.94 | 21 822.92 | 20 607.09 |
Balance sheet total (assets) | 42 536.10 | 40 060.98 | 38 806.49 | 33 177.59 | 36 386.03 |
Net debt | 1 921.52 | 4 333.37 | 5 835.78 | 6 814.57 | 2 878.75 |
Profitability | |||||
EBIT-% | |||||
ROA | 168.0 % | 1.0 % | 5.9 % | 2.4 % | 0.7 % |
ROE | 273.7 % | -0.7 % | 9.3 % | 0.5 % | -5.7 % |
ROI | 203.6 % | 1.2 % | 7.3 % | 2.8 % | 0.9 % |
Economic value added (EVA) | -3 765.88 | -2 229.66 | -1 136.82 | - 597.60 | - 505.98 |
Solvency | |||||
Equity ratio | 73.2 % | 68.0 % | 66.2 % | 65.8 % | 56.6 % |
Gearing | 6.6 % | 16.9 % | 24.4 % | 31.3 % | 14.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.3 | 0.5 | 0.5 | 0.7 | 1.2 |
Current ratio | 0.3 | 0.5 | 0.5 | 0.7 | 1.2 |
Cash and cash equivalents | 128.51 | 264.27 | 447.49 | 6.58 | 18.04 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | A | BBB |
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