Thorco Projects ApS — Credit Rating and Financial Key Figures

CVR number: 37745324

Svanemøllevej 17, 2100 København Ø

Free credit report See consolidated company

Income statement (mUSD)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	150.15	418.08	438.76	91.93
Other operating income	1.17	0.33	0.01	60.34	3.73
External services	- 138.15	- 351.35	- 385.16	-74.21	-1.28
Gross profit	13.17	67.05	53.61	78.06	2.45
Employee benefit expenses	-4.38	-10.42	-8.82	-4.50
Other operating expenses	-5.81
Total depreciation	-0.40	-0.13
EBIT	2.58	56.50	44.79	73.56	2.45
Other financial income	0.43	0.43	1.92	2.33	0.41
Other financial expenses	-0.10	-0.70	-0.94	-1.98	-0.18
Net income from associates (fin.)	-0.82	-0.94	0.06	-0.46
Pre-tax profit	2.09	55.29	45.82	73.45	2.68
Income taxes	-1.00	-13.36	-7.20	-18.29	0.17
Net earnings	1.08	41.93	38.62	55.16	2.85

Assets (mUSD)

	2020	2021	2022	2023	2024
Goodwill	0.13
Intangible assets total	0.13
Machinery and equipment	0.45
Tangible assets total	0.45
Holdings in group member companies	1.31	0.37	0.58	0.00
Investments total	1.31	0.37	0.58	0.00
Deferred tax assets	0.03		1.47	0.71	0.13
Long term receivables total	0.03		1.47	0.71	0.13
Raw materials and consumables	5.47	11.57	5.71	0.47
Inventories total	5.47	11.57	5.71	0.47
Current trade debtors	8.21	15.11	12.23	1.67	0.11
Current amounts owed by group member comp.	11.04	48.73	73.53	21.86	7.81
Prepayments and accrued income	1.76	7.83	2.37	0.03
Current other receivables	0.10	0.29	1.24	2.24	0.03
Short term receivables total	21.11	71.96	89.37	25.80	7.94
Cash and bank deposits	6.17	5.12	2.66	6.76	3.10
Cash and cash equivalents	6.17	5.12	2.66	6.76	3.10
Balance sheet total (assets)	34.68	89.01	99.78	33.75	11.16

Equity and liabilities (mUSD)

	2020	2021	2022	2023	2024
Share capital	1.23	1.23	1.23	1.23	1.23
Shares repurchased	3.00	30.00	50.00	52.00	7.35
Other reserves	1.30	0.36	0.42	-52.00
Retained earnings	4.89	-29.09	-37.21	-50.18	-2.37
Profit of the financial year	1.08	41.93	38.62	55.16	2.85
Shareholders equity total	11.50	44.43	53.05	6.21	9.06
Provisions		4.58	6.70	3.25	0.50
Non-current deferred tax liabilities	0.21	0.24	0.32
Non-current liabilities total	0.21	0.24	0.32
Current trade creditors	11.77	14.99	17.49	6.94
Current owed to group member	0.02	6.48	3.24	0.76
Short-term deferred tax liabilities	0.86	12.83	10.67	16.38	1.60
Other non-interest bearing current liabilities	4.29	3.79	2.78	0.21	0.00
Accruals and deferred income	6.04	1.68	5.54
Current liabilities total	22.98	39.77	39.72	24.29	1.60
Balance sheet total (liabilities)	34.68	89.01	99.78	33.75	11.16

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