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TrackNordic ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TrackNordic ApS
TrackNordic ApS (CVR number: 40069313) is a company from KALUNDBORG. The company recorded a gross profit of 1263.6 kDKK in 2025. The operating profit was -74.3 kDKK, while net earnings were -39.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.1 %, which can be considered poor and Return on Equity (ROE) was -2.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74 %, 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. TrackNordic ApS's liquidity measured by quick ratio was 2.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 339.56 | 312.70 | 1 273.19 | 1 008.76 | 1 263.56 |
| EBIT | 334.56 | 149.71 | 1 109.97 | -68.25 | -74.30 |
| Net earnings | 273.41 | 114.36 | 874.75 | -58.22 | -39.32 |
| Shareholders equity total | 986.49 | 1 100.86 | 1 975.60 | 1 917.38 | 1 568.06 |
| Balance sheet total (assets) | 1 408.68 | 1 427.60 | 2 618.89 | 2 495.45 | 2 119.62 |
| Net debt | - 224.52 | - 507.11 | -1 426.11 | -1 029.62 | - 995.85 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 28.3 % | 10.6 % | 55.4 % | -2.1 % | -2.1 % |
| ROE | 32.2 % | 11.0 % | 56.9 % | -3.0 % | -2.3 % |
| ROI | 32.7 % | 12.2 % | 67.3 % | -2.5 % | -2.6 % |
| Economic value added (EVA) | 233.54 | 55.52 | 804.28 | - 164.70 | - 169.64 |
| Solvency | |||||
| Equity ratio | 70.0 % | 77.1 % | 75.4 % | 76.8 % | 74.0 % |
| Gearing | 6.7 % | 0.7 % | 11.6 % | 0.1 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.1 | 2.8 | 3.1 | 3.0 | 2.5 |
| Current ratio | 2.5 | 4.1 | 3.5 | 3.3 | 2.9 |
| Cash and cash equivalents | 290.95 | 515.11 | 1 426.11 | 1 251.26 | 997.20 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | A | A | BBB | A |
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