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MOVE INNOVATION ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MOVE INNOVATION ApS
MOVE INNOVATION ApS (CVR number: 32777066) is a company from GLADSAXE. The company recorded a gross profit of 6414.5 kDKK in 2024. The operating profit was -183.9 kDKK, while net earnings were -179.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.3 %, which can be considered poor and Return on Equity (ROE) was -10 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36.5 %, 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. MOVE INNOVATION ApS's liquidity measured by quick ratio was 1.3 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 9 141.87 | 11 819.01 | 11 837.95 | 8 247.65 | 6 414.50 |
| EBIT | 113.47 | - 971.60 | 191.61 | 153.84 | - 183.94 |
| Net earnings | 26.37 | - 591.74 | 23.42 | 1.64 | - 179.86 |
| Shareholders equity total | 2 558.77 | 1 967.03 | 1 190.44 | 1 892.09 | 1 712.23 |
| Balance sheet total (assets) | 9 151.98 | 8 069.10 | 5 397.47 | 6 385.60 | 4 696.77 |
| Net debt | -1 425.03 | 1 283.84 | 923.98 | 1 137.68 | 734.58 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 1.3 % | -11.2 % | 2.9 % | 2.6 % | -3.3 % |
| ROE | 0.9 % | -26.1 % | 1.5 % | 0.1 % | -10.0 % |
| ROI | 3.8 % | -31.7 % | 7.3 % | 5.9 % | -6.4 % |
| Economic value added (EVA) | -88.98 | - 694.34 | -28.53 | 2.67 | - 289.43 |
| Solvency | |||||
| Equity ratio | 28.0 % | 24.4 % | 22.1 % | 29.6 % | 36.5 % |
| Gearing | 10.1 % | 66.5 % | 78.1 % | 64.9 % | 51.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.2 | 1.4 | 1.1 | 1.2 | 1.3 |
| Current ratio | 1.2 | 1.4 | 1.2 | 1.3 | 1.5 |
| Cash and cash equivalents | 1 683.95 | 24.22 | 6.08 | 91.10 | 152.43 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | B | B | BB | BB |
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