REinvent Accounting ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About REinvent Accounting ApS
REinvent Accounting ApS (CVR number: 39587688) is a company from KØBENHAVN. The company recorded a gross profit of -30.5 kDKK in 2024. The operating profit was -30.8 kDKK, while net earnings were -26.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -11.3 %, which can be considered poor and Return on Equity (ROE) was -56 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 22.7 %, 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. REinvent Accounting ApS's liquidity measured by quick ratio was 1.3 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -6.00 | -6.50 | -7.30 | 278.59 | -30.48 |
| EBIT | -6.00 | -6.50 | -7.30 | 79.89 | -30.77 |
| Net earnings | -4.69 | -5.15 | -5.62 | 51.96 | -26.49 |
| Shareholders equity total | 17.89 | 12.74 | 8.57 | 60.53 | 34.04 |
| Balance sheet total (assets) | 23.89 | 27.94 | 14.59 | 393.53 | 149.90 |
| Net debt | -2.03 | -8.23 | -10.09 | 224.01 | 19.26 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -22.9 % | -25.1 % | -34.3 % | 39.2 % | -11.3 % |
| ROE | -23.2 % | -33.6 % | -52.7 % | 150.4 % | -56.0 % |
| ROI | -29.7 % | -32.6 % | -47.8 % | 42.0 % | -12.5 % |
| Economic value added (EVA) | -5.81 | -5.97 | -6.80 | 61.90 | -44.10 |
| Solvency | |||||
| Equity ratio | 74.9 % | 45.6 % | 58.8 % | 15.4 % | 22.7 % |
| Gearing | 72.1 % | 0.2 % | 515.0 % | 245.4 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 4.0 | 4.7 | 2.4 | 1.2 | 1.3 |
| Current ratio | 4.0 | 4.7 | 2.4 | 1.2 | 1.3 |
| Cash and cash equivalents | 2.03 | 17.43 | 10.10 | 87.76 | 64.28 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | BB | BB |
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