EURO ECONOMICS ApS — Credit Rating and Financial Key Figures

CVR number: 32763138
Amaliegade 22, 1256 København K

Company information

Official name
EURO ECONOMICS ApS
Personnel
2 persons
Established
2010
Company form
Private limited company
Industry

About EURO ECONOMICS ApS

EURO ECONOMICS ApS (CVR number: 32763138K) is a company from KØBENHAVN. The company recorded a gross profit of 17.3 mDKK in 2023. The operating profit was -23.8 mDKK, while net earnings were -33 mDKK. The profitability of the company measured by Return on Assets (ROA) was -2.7 %, which can be considered poor and Return on Equity (ROE) was -29.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 11.3 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. EURO ECONOMICS ApS's liquidity measured by quick ratio was 0.2 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit25 828.009 200.0014 695.0017 965.0017 343.00
EBIT26 316.0052 405.0038 478.00-2 742.00-23 784.00
Net earnings-7 690.0017 177.0015 874.00-15 115.00-32 969.00
Shareholders equity total108 314.00125 490.00142 007.00126 892.0093 923.00
Balance sheet total (assets)1 563 593.00839 847.00900 368.00874 745.00835 799.00
Net debt1 313 949.00647 079.00679 481.00683 832.00689 548.00
Profitability
EBIT-%
ROA1.8 %4.6 %4.4 %-0.3 %-2.7 %
ROE-6.9 %14.7 %11.9 %-11.2 %-29.9 %
ROI1.8 %4.8 %4.6 %-0.3 %-2.8 %
Economic value added (EVA)-15 340.561 827.318 437.09-25 869.77-41 429.38
Solvency
Equity ratio6.9 %15.0 %15.8 %14.5 %11.3 %
Gearing1232.2 %516.4 %479.3 %540.1 %734.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.80.30.20.2
Current ratio0.20.70.30.20.1
Cash and cash equivalents20 695.00921.001 224.001 513.0044.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAA

Variable visualization

ROA:-2.75%
Rating: 17/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:11.3%
Rating: 11/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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