CIITEC ApS — Credit Rating and Financial Key Figures

CVR number: 36070633
Haraldsvej 66, 8960 Randers SØ
cm@ciitec.dk
tel: 60805020
www.ciitec.dk

Company information

Official name
CIITEC ApS
Personnel
13 persons
Established
2014
Company form
Private limited company
Industry

About CIITEC ApS

CIITEC ApS (CVR number: 36070633) is a company from RANDERS. The company recorded a gross profit of 7903.4 kDKK in 2024. The operating profit was 421.1 kDKK, while net earnings were -120.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.9 %, which can be considered excellent but Return on Equity (ROE) was -17.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 21.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. CIITEC ApS's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit485.58522.27859.424 822.467 903.45
EBIT142.4947.6416.271 029.58421.11
Net earnings102.8233.827.84797.85- 120.68
Shareholders equity total46.8180.6388.47886.32465.64
Balance sheet total (assets)438.77422.09507.122 851.122 154.41
Net debt- 131.5124.79-17.24- 839.03-49.70
Profitability
EBIT-%
ROA37.7 %11.1 %3.5 %61.3 %16.9 %
ROE66.6 %53.1 %9.3 %163.7 %-17.9 %
ROI256.0 %62.6 %16.8 %206.6 %48.8 %
Economic value added (EVA)109.7536.486.02796.35314.99
Solvency
Equity ratio10.7 %19.1 %17.4 %31.1 %21.6 %
Gearing30.7 %76.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.70.80.81.21.1
Current ratio0.80.80.81.21.1
Cash and cash equivalents131.5117.24839.03405.74
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBB

Variable visualization

ROA:16.9%
Rating: 69/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:21.6%
Rating: 20/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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