SpaceCity Kolding A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SpaceCity Kolding A/S
SpaceCity Kolding A/S (CVR number: 37258431) is a company from KOLDING. The company recorded a gross profit of 2839.9 kDKK in 2023. The operating profit was -3297.2 kDKK, while net earnings were -2961.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6.6 %, which can be considered poor and Return on Equity (ROE) was -11.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 52 %, 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. SpaceCity Kolding A/S's liquidity measured by quick ratio was 1.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 2 378.79 | 2 495.13 | 2 621.58 | 2 008.84 | 2 839.90 |
EBIT | 4 261.89 | 2 193.18 | 20 621.58 | 2 008.84 | -3 297.16 |
Net earnings | 3 178.94 | 1 572.60 | 15 955.35 | 1 445.17 | -2 961.74 |
Shareholders equity total | 9 249.86 | 10 822.46 | 26 777.81 | 27 422.98 | 24 461.25 |
Balance sheet total (assets) | 32 573.02 | 33 296.71 | 52 121.26 | 52 022.26 | 47 023.03 |
Net debt | 14 585.81 | 14 829.12 | 15 087.99 | 12 471.96 | 11 985.17 |
Profitability | |||||
EBIT-% | |||||
ROA | 13.8 % | 6.7 % | 48.3 % | 3.9 % | -6.6 % |
ROE | 41.5 % | 15.7 % | 84.9 % | 5.3 % | -11.4 % |
ROI | 14.8 % | 7.2 % | 50.9 % | 4.0 % | -6.7 % |
Economic value added (EVA) | 2 228.83 | 559.35 | 14 842.37 | - 490.33 | -4 534.79 |
Solvency | |||||
Equity ratio | 28.4 % | 32.5 % | 51.4 % | 52.7 % | 52.0 % |
Gearing | 183.9 % | 148.6 % | 56.6 % | 51.9 % | 53.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.5 | 0.8 | 1.2 | 1.4 | 1.6 |
Current ratio | 1.5 | 0.8 | 1.2 | 1.4 | 1.6 |
Cash and cash equivalents | 2 421.00 | 1 256.34 | 73.77 | 1 763.75 | 985.03 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | A | AA | A |
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