CARSOE ApS
Credit rating
Company information
28Manufacture of machinery and equipment n.e.c.
About the company
CARSOE ApS (CVR number: 14263942) is a company from AALBORG. The company reported a net sales of 17.5 mDKK in 2023, demonstrating a decline of -95.9 % compared to the previous year. The operating profit percentage was poor at -54.7 % (EBIT: -9.6 mDKK), while net earnings were -5265 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.9 %, which can be considered weak but Return on Equity (ROE) was -12.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 24.3 %, 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. CARSOE ApS's liquidity measured by quick ratio was 142.1 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 700 774.00 | 525 532.00 | 431 384.00 | 423 875.00 | 17 503.00 |
| Gross profit | 187 441.00 | 179 447.00 | 165 451.00 | 2 859.00 | -9 571.00 |
| EBIT | 39 269.00 | 10 879.00 | -2 448.00 | -67 241.00 | -9 571.00 |
| Net earnings | 25 304.00 | 21 733.00 | 10 131.00 | -19 115.00 | -5 265.00 |
| Shareholders equity total | 97 007.00 | 90 225.00 | 56 907.00 | 43 523.00 | 38 258.00 |
| Balance sheet total (assets) | 574 912.00 | 370 568.00 | 328 279.00 | 215 788.00 | 157 651.00 |
| Net debt | 71 431.00 | 61 040.00 | 69 603.00 | 222 425.00 | 108 367.00 |
| Profitability | |||||
| EBIT-% | 5.6 % | 2.1 % | -0.6 % | -15.9 % | -54.7 % |
| ROA | 8.8 % | 5.7 % | 4.4 % | -8.2 % | 0.9 % |
| ROE | 34.8 % | 23.2 % | 13.8 % | -38.1 % | -12.9 % |
| ROI | 16.4 % | 9.5 % | 9.0 % | -7.5 % | 0.5 % |
| Economic value added (EVA) | 31 529.98 | 8 553.77 | -10.59 | -46 987.50 | -9 345.81 |
| Solvency | |||||
| Equity ratio | 27.7 % | 24.6 % | 17.3 % | 66.9 % | 24.3 % |
| Gearing | 73.6 % | 67.7 % | 138.1 % | 535.7 % | 283.3 % |
| Relative net indebtedness % | 35.9 % | 48.1 % | 54.0 % | 1.7 % | 50.9 % |
| Liquidity | |||||
| Quick ratio | 0.9 | 0.7 | 0.6 | 20.1 | 142.1 |
| Current ratio | 1.1 | 1.0 | 0.8 | 20.7 | 146.4 |
| Cash and cash equivalents | 8 968.00 | 10 708.00 | 2.00 | ||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 40.8 | 55.9 | 74.4 | 1.5 | 1.3 |
| Net working capital % | 2.2 % | 1.7 % | -10.9 % | 48.4 % | 894.6 % |
| Credit risk | |||||
| Credit rating | AAA | A | BBB | B | C |
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