SOURZING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SOURZING A/S
SOURZING A/S (CVR number: 33059787) is a company from KOLDING. The company recorded a gross profit of 3144.8 kDKK in 2024. The operating profit was -390.3 kDKK, while net earnings were 115.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.1 %, which can be considered decent but Return on Equity (ROE) was 1.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -11.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. SOURZING A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 776.96 | 5 128.70 | 4 010.17 | 3 939.69 | 3 144.83 |
EBIT | - 570.63 | - 790.53 | -1 000.24 | - 226.45 | - 390.34 |
Net earnings | -1 872.30 | -2 814.86 | -1 108.16 | -2 716.93 | 115.62 |
Shareholders equity total | 5 982.67 | 3 075.56 | 1 827.54 | - 725.01 | - 938.84 |
Balance sheet total (assets) | 12 183.65 | 10 242.63 | 8 394.67 | 6 365.55 | 7 122.69 |
Net debt | 3 285.16 | 2 994.65 | 3 662.61 | 3 541.86 | 4 284.58 |
Profitability | |||||
EBIT-% | |||||
ROA | -12.4 % | -25.2 % | -10.4 % | -30.1 % | 7.1 % |
ROE | -18.9 % | -62.2 % | -45.2 % | -66.3 % | 1.7 % |
ROI | -14.0 % | -34.6 % | -16.1 % | -51.5 % | 13.7 % |
Economic value added (EVA) | - 655.07 | - 893.55 | - 889.20 | - 211.47 | - 199.81 |
Solvency | |||||
Equity ratio | 49.1 % | 30.0 % | 21.8 % | -10.3 % | -11.6 % |
Gearing | 55.1 % | 97.7 % | 201.3 % | -490.4 % | -458.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.8 | 1.2 | 1.1 | 0.8 | 0.7 |
Current ratio | 2.0 | 1.3 | 1.2 | 0.9 | 0.9 |
Cash and cash equivalents | 9.49 | 11.64 | 16.16 | 13.79 | 22.03 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | B | BB |
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