Credit rating
Company information
About PIANO ApS
PIANO ApS (CVR number: 34231370) is a company from HERNING. The company recorded a gross profit of -15.5 kDKK in 2022. The operating profit was -16 kDKK, while net earnings were -24.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -15.4 %, which can be considered poor and Return on Equity (ROE) was -69.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -23.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. PIANO ApS's liquidity measured by quick ratio was 0.8 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 financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 261.51 | 933.76 | 316.70 | 210.64 | -15.50 |
EBIT | 194.49 | -90.21 | - 235.37 | 70.64 | -15.95 |
Net earnings | 145.02 | -74.43 | - 190.00 | -13.51 | -24.72 |
Shareholders equity total | 281.69 | 207.26 | 17.26 | 3.75 | -20.97 |
Balance sheet total (assets) | 653.14 | 578.59 | 418.52 | 118.43 | 67.41 |
Net debt | - 467.91 | - 295.08 | - 183.08 | -99.96 | -52.15 |
Profitability | |||||
EBIT-% | |||||
ROA | 34.4 % | -14.6 % | -47.2 % | 26.3 % | -15.4 % |
ROE | 69.3 % | -30.4 % | -169.3 % | -128.6 % | -69.5 % |
ROI | 71.8 % | -32.3 % | -142.8 % | 155.3 % | -112.9 % |
Economic value added (EVA) | 158.10 | -59.68 | - 177.59 | 61.38 | -10.50 |
Solvency | |||||
Equity ratio | 43.1 % | 35.8 % | 4.1 % | 3.2 % | -23.7 % |
Gearing | 7.8 % | 22.9 % | 334.3 % | 327.0 % | -58.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.5 | 1.4 | 0.9 | 1.0 | 0.8 |
Current ratio | 1.7 | 1.5 | 1.0 | 1.0 | 0.8 |
Cash and cash equivalents | 489.92 | 342.63 | 240.78 | 112.22 | 64.41 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | B | B | C |
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