West Soft Group ApS — Credit Rating and Financial Key Figures

CVR number: 38676482
Innovations Allé 3, 7100 Vejle
ronni@westsoftdevelopment.dk
tel: 70206959

Company information

Official name
West Soft Group ApS
Established
2017
Company form
Private limited company
Industry

About West Soft Group ApS

West Soft Group ApS (CVR number: 38676482) is a company from VEJLE. The company recorded a gross profit of -1.5 kDKK in 2023. The operating profit was -1.5 kDKK, while net earnings were -11.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -5.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 56 %, 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. West Soft Group ApS'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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-0.10-0.15-0.15-1.00-1.50
EBIT-0.10-0.15-0.15-1.00-1.50
Net earnings36.6979.20102.9375.81-11.07
Shareholders equity total136.09215.29318.22199.03187.96
Balance sheet total (assets)156.09230.29324.60270.15335.35
Net debt10.07-13.70- 203.07-92.71-12.70
Profitability
EBIT-%
ROA26.7 %41.0 %66.4 %28.9 %0.1 %
ROE31.2 %45.1 %38.6 %29.3 %-5.7 %
ROI26.7 %41.0 %66.4 %28.9 %0.1 %
Economic value added (EVA)-6.10-7.99-11.74-17.09-14.75
Solvency
Equity ratio87.2 %93.5 %98.0 %73.7 %56.0 %
Gearing14.7 %7.0 %2.0 %35.7 %78.4 %
Relative net indebtedness %
Liquidity
Quick ratio0.51.932.82.81.6
Current ratio0.51.932.82.81.6
Cash and cash equivalents9.9328.70209.45163.84160.09
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:0.07%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:56.0%
Rating: 44/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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