Arion Racing Scandinavia ApS — Credit Rating and Financial Key Figures

CVR number: 38617702
Sundgårdsvej 61, 8700 Horsens
Asger@protek.dk
Free credit report Annual report

Credit rating

Company information

Official name
Arion Racing Scandinavia ApS
Personnel
1 person
Established
2017
Company form
Private limited company
Industry

About Arion Racing Scandinavia ApS

Arion Racing Scandinavia ApS (CVR number: 38617702) is a company from HORSENS. The company recorded a gross profit of 168.4 kDKK in 2024. The operating profit was 32.7 kDKK, while net earnings were -1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.2 %, which can be considered weak but Return on Equity (ROE) was -0.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 39.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Arion Racing Scandinavia ApS's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales259.77
Gross profit- 104.37214.62112.00-86.20168.42
EBIT- 104.37107.03-2.59- 224.2932.65
Net earnings-82.2223.08-20.70- 192.78-1.00
Shareholders equity total0.3823.462.76- 190.021 808.98
Balance sheet total (assets)1 255.841 228.051 195.101 006.644 572.88
Net debt1 103.43783.20743.27823.312 516.36
Profitability
EBIT-%-40.2 %
ROA-12.0 %8.6 %-0.2 %-18.7 %1.2 %
ROE-38.8 %193.6 %-157.9 %-38.2 %-0.1 %
ROI-12.3 %8.9 %-0.2 %-19.1 %1.2 %
Economic value added (EVA)- 101.7218.92-60.55- 234.07-17.00
Solvency
Equity ratio0.0 %1.9 %0.2 %-15.9 %39.6 %
Gearing325531.1 %4785.8 %41804.7 %-620.0 %149.2 %
Relative net indebtedness %431.9 %
Liquidity
Quick ratio0.20.30.40.30.1
Current ratio0.50.60.60.60.3
Cash and cash equivalents133.58339.55410.54354.77182.03
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-231.9 %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:1.15%
Rating: 26/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:39.6%
Rating: 33/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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