ITU BUSINESS DEVELOPMENT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ITU BUSINESS DEVELOPMENT A/S
ITU BUSINESS DEVELOPMENT A/S (CVR number: 36446358) is a company from KØBENHAVN. The company reported a net sales of 2.6 mDKK in 2024, demonstrating a growth of 31.3 % compared to the previous year. The operating profit percentage was at 28.1 % (EBIT: 0.7 mDKK), while net earnings were 50 kDKK. The profitability of the company measured by Return on Assets (ROA) was 50.1 %, which can be considered excellent but Return on Equity (ROE) was 2.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 65.1 %, 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. ITU BUSINESS DEVELOPMENT A/S's liquidity measured by quick ratio was 2.6 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 482.00 | 1 760.00 | 1 418.00 | 1 951.00 | 2 562.00 |
Gross profit | 1 250.00 | 1 290.00 | 1 053.00 | 1 077.00 | 2 223.00 |
EBIT | - 728.00 | - 236.00 | 154.00 | 111.00 | 719.00 |
Net earnings | - 813.00 | - 243.00 | 147.00 | 136.00 | 50.00 |
Shareholders equity total | 2 018.00 | 1 775.00 | 1 922.00 | 2 059.00 | 2 109.00 |
Balance sheet total (assets) | 2 924.00 | 2 871.00 | 2 538.00 | 3 106.00 | 3 238.00 |
Net debt | -1 745.00 | -1 565.00 | -1 324.00 | -1 810.00 | -2 852.00 |
Profitability | |||||
EBIT-% | -29.3 % | -13.4 % | 10.9 % | 5.7 % | 28.1 % |
ROA | -20.5 % | -8.1 % | 5.4 % | 4.9 % | 50.1 % |
ROE | -33.5 % | -12.8 % | 8.0 % | 6.8 % | 2.4 % |
ROI | -29.1 % | -11.7 % | 7.6 % | 7.0 % | 2.4 % |
Economic value added (EVA) | - 872.47 | - 337.40 | 61.49 | 14.42 | 615.54 |
Solvency | |||||
Equity ratio | 69.0 % | 61.8 % | 75.7 % | 66.3 % | 65.1 % |
Gearing | 3.7 % | ||||
Relative net indebtedness % | -33.8 % | -30.4 % | -49.9 % | -39.1 % | -67.2 % |
Liquidity | |||||
Quick ratio | 2.2 | 1.6 | 2.5 | 2.1 | 2.6 |
Current ratio | 2.2 | 1.6 | 2.5 | 2.1 | 2.6 |
Cash and cash equivalents | 1 745.00 | 1 631.00 | 1 324.00 | 1 810.00 | 2 852.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 40.0 | 5.3 | |||
Net working capital % | 38.4 % | 35.2 % | 55.9 % | 54.4 % | 68.7 % |
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | BBB |
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