Solar Solutions ApS — Credit Rating and Financial Key Figures

CVR number: 40632360
Nakskovvej 13, 2500 Valby
www.sustain.dk

Credit rating

Company information

Official name
Solar Solutions ApS
Personnel
4 persons
Established
2019
Company form
Private limited company
Industry
  • Expand more icon71Architectural and engineering activities; technical testing and analysis

About Solar Solutions ApS

Solar Solutions ApS (CVR number: 40632360) is a company from KØBENHAVN. The company recorded a gross profit of 3886.1 kDKK in 2022. The operating profit was 1167.9 kDKK, while net earnings were 842.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 38.8 %, which can be considered excellent and Return on Equity (ROE) was 168.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 31.2 %, 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. Solar Solutions ApS's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2018
2019
2020
2021
2022
Volume
Net sales
Gross profit444.221 932.342 035.963 886.14
EBIT- 497.16229.63333.241 167.91
Net earnings- 389.73173.59245.96842.66
Shareholders equity total- 339.73- 166.1379.83922.49
Balance sheet total (assets)664.822 064.323 067.392 960.12
Net debt- 279.70-73.94124.30- 578.30
Profitability
EBIT-%
ROA-49.5 %14.2 %12.6 %38.8 %
ROE-58.6 %12.7 %22.9 %168.1 %
ROI-300.9 %139.0 %161.7 %200.0 %
Economic value added (EVA)- 389.15217.84279.26897.84
Solvency
Equity ratio-33.8 %-7.4 %2.6 %31.2 %
Gearing-48.6 %-99.5 %209.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.70.90.91.0
Current ratio0.70.91.11.5
Cash and cash equivalents444.91239.1742.69578.30
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBCBBBBBBB

Variable visualization

ROA:38.8%
Rating: 88/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:31.2%
Rating: 27/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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