VORES SOL A2 K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORES SOL A2 K/S
VORES SOL A2 K/S (CVR number: 35047727) is a company from GLADSAXE. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a decline of -5.6 % compared to the previous year. The operating profit percentage was at 53.7 % (EBIT: 0.3 mDKK), while net earnings were 249.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.2 %, which can be considered good and Return on Equity (ROE) was 11.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 74.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. VORES SOL A2 K/S'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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 533.86 | 588.35 | 537.50 | 579.34 | 547.12 |
Gross profit | 502.84 | 551.18 | 509.26 | 544.21 | 509.77 |
EBIT | 286.68 | 335.01 | 293.10 | 328.33 | 293.90 |
Net earnings | 227.68 | 284.70 | 260.46 | 298.94 | 249.35 |
Shareholders equity total | 2 134.15 | 2 068.86 | 2 109.31 | 2 243.25 | 2 252.60 |
Balance sheet total (assets) | 4 110.15 | 3 742.83 | 3 477.59 | 3 372.36 | 3 025.63 |
Net debt | 1 325.36 | 1 184.10 | 938.37 | 523.31 | 339.17 |
Profitability | |||||
EBIT-% | 53.7 % | 56.9 % | 54.5 % | 56.7 % | 53.7 % |
ROA | 6.9 % | 8.5 % | 8.1 % | 9.6 % | 9.2 % |
ROE | 11.3 % | 13.5 % | 12.5 % | 13.7 % | 11.1 % |
ROI | 7.0 % | 8.6 % | 8.2 % | 9.7 % | 9.3 % |
Economic value added (EVA) | 77.81 | 129.79 | 106.23 | 154.50 | 128.41 |
Solvency | |||||
Equity ratio | 51.9 % | 55.3 % | 60.7 % | 66.5 % | 74.5 % |
Gearing | 91.4 % | 79.8 % | 64.0 % | 46.8 % | 33.3 % |
Relative net indebtedness % | 253.1 % | 205.3 % | 178.0 % | 104.0 % | 66.2 % |
Liquidity | |||||
Quick ratio | 1.9 | 1.5 | 1.4 | 1.4 | 1.3 |
Current ratio | 1.9 | 1.5 | 1.4 | 1.4 | 1.3 |
Cash and cash equivalents | 624.64 | 465.90 | 411.63 | 526.69 | 410.83 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 5.3 | 9.5 | 13.9 | 10.1 | 0.7 |
Net working capital % | 57.4 % | 26.7 % | 21.2 % | 28.3 % | 16.2 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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