VEARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About VEARK ApS
VEARK ApS (CVR number: 38747282) is a company from LYNGBY-TAARBÆK. The company recorded a gross profit of 284 kDKK in 2023. The operating profit was -122.6 kDKK, while net earnings were -124 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6.4 %, which can be considered poor and Return on Equity (ROE) was -10.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -39.9 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. VEARK ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 11.21 | -17.50 | - 143.21 | 61.42 | 284.04 |
EBIT | 11.21 | -92.84 | - 604.85 | - 401.35 | - 122.60 |
Net earnings | 3.53 | -93.78 | - 615.49 | - 402.79 | - 124.01 |
Shareholders equity total | 87.91 | -5.87 | - 271.36 | - 674.15 | - 798.17 |
Balance sheet total (assets) | 202.93 | 664.84 | 1 109.05 | 1 181.99 | 1 203.01 |
Net debt | -8.67 | - 370.87 | - 168.44 | 10.69 | - 166.38 |
Profitability | |||||
EBIT-% | |||||
ROA | 8.5 % | -21.3 % | -59.0 % | -24.8 % | -6.4 % |
ROE | 5.4 % | -24.9 % | -69.4 % | -35.2 % | -10.4 % |
ROI | 9.8 % | -98.2 % | -114.2 % | -28.9 % | -7.2 % |
Economic value added (EVA) | 12.01 | -91.74 | - 585.91 | - 379.25 | -87.82 |
Solvency | |||||
Equity ratio | 43.3 % | -0.9 % | -19.7 % | -36.3 % | -39.9 % |
Gearing | 115.1 % | -4.3 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.1 | 0.6 | 1.0 | 1.9 | 1.2 |
Current ratio | 1.8 | 1.0 | 3.5 | 7.0 | 3.8 |
Cash and cash equivalents | 109.85 | 370.87 | 168.44 | 18.12 | 166.38 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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