VORES SOL NAKSKOV I K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORES SOL NAKSKOV I K/S
VORES SOL NAKSKOV I K/S (CVR number: 35043713) is a company from GLADSAXE. The company reported a net sales of 0.7 mDKK in 2023, demonstrating a decline of -5.8 % compared to the previous year. The operating profit percentage was at 53.6 % (EBIT: 0.4 mDKK), while net earnings were 203.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.4 %, which can be considered good but Return on Equity (ROE) was 18.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.6 %, 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. VORES SOL NAKSKOV I K/S's liquidity measured by quick ratio was 14.4 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 718.38 | 784.08 | 713.85 | 791.43 | 745.31 |
Gross profit | 634.30 | 714.32 | 638.43 | 722.11 | 665.13 |
EBIT | 368.73 | 448.76 | 372.87 | 456.55 | 399.56 |
Net earnings | 63.59 | 160.77 | 114.61 | 228.45 | 203.52 |
Shareholders equity total | 485.73 | 646.49 | 761.10 | 989.55 | 1 193.08 |
Balance sheet total (assets) | 4 657.36 | 4 386.49 | 4 037.70 | 3 847.73 | 3 172.11 |
Net debt | 2 531.80 | 2 149.11 | 1 829.49 | 1 360.26 | 1 058.51 |
Profitability | |||||
EBIT-% | 51.3 % | 57.2 % | 52.2 % | 57.7 % | 53.6 % |
ROA | 8.3 % | 10.0 % | 8.9 % | 11.6 % | 11.4 % |
ROE | 14.0 % | 28.4 % | 16.3 % | 26.1 % | 18.6 % |
ROI | 8.4 % | 10.1 % | 9.0 % | 12.6 % | 13.4 % |
Economic value added (EVA) | 128.41 | 239.43 | 156.71 | 232.04 | 169.42 |
Solvency | |||||
Equity ratio | 10.4 % | 14.7 % | 18.8 % | 25.7 % | 37.6 % |
Gearing | 685.0 % | 459.3 % | 341.4 % | 226.9 % | 130.3 % |
Relative net indebtedness % | 470.0 % | 372.4 % | 351.3 % | 249.3 % | 198.9 % |
Liquidity | |||||
Quick ratio | 17.2 | 29.4 | 27.1 | 17.9 | 14.4 |
Current ratio | 17.2 | 29.4 | 27.1 | 17.9 | 14.4 |
Cash and cash equivalents | 795.22 | 820.24 | 768.58 | 884.95 | 496.32 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 2.9 | 5.3 | 4.4 | 1.0 | |
Net working capital % | 107.2 % | 103.7 % | 106.2 % | 106.4 % | 63.8 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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