VENDIA SOLAR SYSTEMS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VENDIA SOLAR SYSTEMS A/S
VENDIA SOLAR SYSTEMS A/S (CVR number: 33356072) is a company from HJØRRING. The company recorded a gross profit of -6.1 kDKK in 2023. The operating profit was -6.1 kDKK, while net earnings were 16.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.8 %, which can be considered weak and Return on Equity (ROE) was 3.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 97.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VENDIA SOLAR SYSTEMS A/S's liquidity measured by quick ratio was 58 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 | -6.00 | -5.60 | -6.24 | -6.64 | -6.10 |
| EBIT | -6.00 | -5.60 | -6.24 | -6.64 | -6.10 |
| Net earnings | 3.00 | 3.29 | -1.03 | 15.22 | 16.72 |
| Shareholders equity total | 519.00 | 522.37 | 521.34 | 536.56 | 553.28 |
| Balance sheet total (assets) | 528.00 | 529.17 | 527.05 | 546.35 | 567.78 |
| Net debt | -27.00 | -20.81 | -14.38 | -6.69 | -2.11 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 0.8 % | 0.8 % | -0.2 % | 3.6 % | 3.8 % |
| ROE | 0.6 % | 0.6 % | -0.2 % | 2.9 % | 3.1 % |
| ROI | 0.8 % | 0.8 % | -0.2 % | 3.7 % | 3.9 % |
| Economic value added (EVA) | -30.32 | -30.32 | -31.44 | -30.66 | -31.39 |
| Solvency | |||||
| Equity ratio | 98.3 % | 98.7 % | 98.9 % | 98.2 % | 97.4 % |
| Gearing | |||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 66.0 | 89.7 | 92.3 | 99.3 | 58.0 |
| Current ratio | 66.0 | 89.7 | 92.3 | 99.3 | 58.0 |
| Cash and cash equivalents | 27.00 | 20.81 | 14.38 | 6.69 | 2.11 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | BB | BB |
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