VORES SOL NAKSKOV II K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORES SOL NAKSKOV II K/S
VORES SOL NAKSKOV II K/S (CVR number: 35043721) is a company from GLADSAXE. The company reported a net sales of 0.8 mDKK in 2023, demonstrating a decline of -5.2 % compared to the previous year. The operating profit percentage was at 54.9 % (EBIT: 0.4 mDKK), while net earnings were 239.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.9 %, which can be considered good but Return on Equity (ROE) was 17.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 45.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. VORES SOL NAKSKOV II K/S's liquidity measured by quick ratio was 15.3 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 728.40 | 784.69 | 723.20 | 801.23 | 759.48 |
Gross profit | 646.40 | 717.40 | 656.98 | 736.15 | 682.29 |
EBIT | 380.83 | 451.84 | 391.42 | 470.59 | 416.72 |
Net earnings | 83.39 | 172.33 | 146.95 | 260.43 | 239.15 |
Shareholders equity total | 639.48 | 811.81 | 958.76 | 1 219.19 | 1 458.34 |
Balance sheet total (assets) | 4 699.66 | 4 382.24 | 4 038.18 | 3 855.06 | 3 181.36 |
Net debt | 2 392.01 | 2 003.87 | 1 672.30 | 1 174.73 | 844.99 |
Profitability | |||||
EBIT-% | 52.3 % | 57.6 % | 54.1 % | 58.7 % | 54.9 % |
ROA | 8.5 % | 10.0 % | 9.3 % | 12.0 % | 11.9 % |
ROE | 13.9 % | 23.7 % | 16.6 % | 23.9 % | 17.9 % |
ROI | 8.6 % | 10.1 % | 9.4 % | 12.9 % | 13.7 % |
Economic value added (EVA) | 135.73 | 237.35 | 167.32 | 236.49 | 175.56 |
Solvency | |||||
Equity ratio | 13.6 % | 18.5 % | 23.7 % | 31.6 % | 45.8 % |
Gearing | 506.4 % | 348.8 % | 255.3 % | 169.8 % | 92.7 % |
Relative net indebtedness % | 441.2 % | 349.6 % | 318.6 % | 217.3 % | 160.2 % |
Liquidity | |||||
Quick ratio | 18.8 | 30.3 | 40.2 | 18.6 | 15.3 |
Current ratio | 18.8 | 30.3 | 40.2 | 18.6 | 15.3 |
Cash and cash equivalents | 846.52 | 827.35 | 775.40 | 895.16 | 506.28 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 3.0 | 3.3 | 4.5 | 1.0 | |
Net working capital % | 112.9 % | 104.0 % | 106.8 % | 106.5 % | 64.0 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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