Heartcore ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Heartcore ApS
Heartcore ApS (CVR number: 41387629) is a company from KØBENHAVN. The company recorded a gross profit of 313.6 kDKK in 2024, demonstrating a growth of 83.4 % compared to the previous year. The operating profit was 13.1 kDKK, while net earnings were 10.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19 %, which can be considered excellent and Return on Equity (ROE) was 52.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 26.2 %, 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. Heartcore ApS's liquidity measured by quick ratio was 1.4 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 financials| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 598.89 | ||||
| Gross profit | 170.98 | 313.62 | |||
| EBIT | 16.26 | 13.08 | |||
| Net earnings | 12.70 | 10.19 | |||
| Shareholders equity total | 50.00 | 50.00 | 50.00 | 16.25 | 22.89 | 
| Balance sheet total (assets) | 50.00 | 50.00 | 50.00 | 50.55 | 87.42 | 
| Net debt | -23.41 | -21.39 | |||
| Profitability | |||||
| EBIT-% | 2.7 % | ||||
| ROA | 32.3 % | 19.0 % | |||
| ROE | 38.3 % | 52.1 % | |||
| ROI | 47.5 % | 50.8 % | |||
| Economic value added (EVA) | -2.51 | -2.51 | 10.19 | 9.26 | |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 32.1 % | 26.2 % | 
| Gearing | 13.2 % | 44.8 % | |||
| Relative net indebtedness % | 1.5 % | ||||
| Liquidity | |||||
| Quick ratio | 1.5 | 1.4 | |||
| Current ratio | 1.5 | 1.4 | |||
| Cash and cash equivalents | 25.56 | 31.64 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 15.2 | ||||
| Net working capital % | 2.7 % | ||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | BB | BB | 
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