Aartech ApS — Credit Rating and Financial Key Figures

CVR number: 38384686
Torngårdsparken 16, Aabybro 9440 Aabybro

Company information

Official name
Aartech ApS
Established
2017
Domicile
Aabybro
Company form
Private limited company
Industry

About Aartech ApS

Aartech ApS (CVR number: 38384686) is a company from JAMMERBUGT. The company recorded a gross profit of 517.3 kDKK in 2023. The operating profit was 517.3 kDKK, while net earnings were 83 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3 %, which can be considered weak and Return on Equity (ROE) was 1.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 70.7 %, 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. Aartech ApS's liquidity measured by quick ratio was 14.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit822.00817.001 128.001 835.00517.26
EBIT822.00817.001 128.001 835.00517.26
Net earnings667.00614.001 174.001 815.0083.05
Shareholders equity total1 496.002 110.006 120.007 935.007 875.92
Balance sheet total (assets)7 192.007 236.0011 521.0012 726.0011 138.13
Net debt5 203.004 761.004 959.002 787.003 066.31
Profitability
EBIT-%
ROA18.7 %12.5 %16.3 %19.5 %3.0 %
ROE57.4 %34.1 %28.5 %25.8 %1.1 %
ROI20.0 %13.1 %16.8 %20.2 %3.1 %
Economic value added (EVA)605.60393.96615.641 291.04247.91
Solvency
Equity ratio20.8 %29.2 %53.1 %62.4 %70.7 %
Gearing348.6 %226.3 %81.6 %52.5 %39.7 %
Relative net indebtedness %
Liquidity
Quick ratio1.11.31.62.714.4
Current ratio1.11.31.62.714.4
Cash and cash equivalents12.0014.0033.001 380.0058.09
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAA

Variable visualization

ROA:3.02%
Rating: 35/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:70.7%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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