Gredal ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Gredal ApS
Gredal ApS (CVR number: 37106348) is a company from BALLERUP. The company reported a net sales of 1.6 mDKK in 2023, demonstrating a growth of 12.3 % compared to the previous year. The operating profit percentage was at 76.9 % (EBIT: 1.2 mDKK), while net earnings were 942.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 78.7 %, which can be considered excellent and Return on Equity (ROE) was 88.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 71.9 %, 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. Gredal ApS's liquidity measured by quick ratio was 2.7 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 | 331.72 | 388.01 | 1 033.08 | 1 384.41 | 1 554.83 |
Gross profit | 276.59 | 415.54 | 952.63 | 1 285.66 | 1 276.21 |
EBIT | 276.59 | 285.54 | 929.63 | 1 198.66 | 1 196.03 |
Net earnings | 231.22 | 222.08 | 740.32 | 914.18 | 942.74 |
Shareholders equity total | 296.38 | 262.08 | 780.32 | 1 094.50 | 1 037.24 |
Balance sheet total (assets) | 401.39 | 498.25 | 1 116.20 | 1 596.58 | 1 442.26 |
Net debt | - 259.22 | 66.09 | - 447.64 | - 855.62 | 23.14 |
Profitability | |||||
EBIT-% | 83.4 % | 73.6 % | 90.0 % | 86.6 % | 76.9 % |
ROA | 57.3 % | 63.5 % | 115.2 % | 88.4 % | 78.7 % |
ROE | 97.8 % | 79.5 % | 142.0 % | 97.5 % | 88.4 % |
ROI | 101.8 % | 79.4 % | 140.1 % | 103.8 % | 90.8 % |
Economic value added (EVA) | 227.58 | 222.75 | 733.73 | 907.02 | 944.17 |
Solvency | |||||
Equity ratio | 73.8 % | 52.6 % | 69.9 % | 68.6 % | 71.9 % |
Gearing | 15.0 % | 44.5 % | 21.6 % | 24.4 % | 22.9 % |
Relative net indebtedness % | -59.9 % | 47.8 % | -27.1 % | -44.8 % | 12.3 % |
Liquidity | |||||
Quick ratio | 2.9 | 0.2 | 2.0 | 3.1 | 2.7 |
Current ratio | 3.8 | 0.5 | 2.1 | 3.2 | 2.7 |
Cash and cash equivalents | 303.81 | 50.55 | 615.92 | 1 122.16 | 214.10 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 20.6 | 117.5 | 210.0 | ||
Net working capital % | 89.3 % | -33.0 % | 35.5 % | 79.1 % | 45.3 % |
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | BBB |
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