VB 23, Odense ApS — Credit Rating and Financial Key Figures

CVR number: 38621440
Edisonsvej 3, 5000 Odense C
daniel@sandal.dk

Credit rating

Company information

Official name
VB 23, Odense ApS
Established
2017
Company form
Private limited company
Industry

About VB 23, Odense ApS

VB 23, Odense ApS (CVR number: 38621440) is a company from ODENSE. The company recorded a gross profit of -15.5 kDKK in 2023. The operating profit was -15.5 kDKK, while net earnings were -117.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.4 %, which can be considered weak but Return on Equity (ROE) was -2.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 35.5 %, 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. VB 23, Odense ApS's liquidity measured by quick ratio was 2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit70.00204.00131.00-16.00-15.54
EBIT3 370.00311.001 123.00- 425.00-15.54
Net earnings2 477.00114.00748.00- 467.00- 117.87
Shareholders equity total5 044.005 158.005 906.005 440.005 322.26
Balance sheet total (assets)15 028.0014 864.0015 589.0014 921.0015 008.65
Net debt8 521.008 239.007 991.007 866.008 136.34
Profitability
EBIT-%
ROA24.5 %2.4 %7.7 %-2.5 %0.4 %
ROE65.1 %2.2 %13.5 %-8.2 %-2.2 %
ROI25.0 %2.4 %7.7 %-2.5 %0.4 %
Economic value added (EVA)2 073.54- 426.34214.48-1 025.11- 659.50
Solvency
Equity ratio33.6 %34.7 %37.9 %36.5 %35.5 %
Gearing168.9 %159.7 %135.5 %145.8 %152.9 %
Relative net indebtedness %
Liquidity
Quick ratio6.06.65.93.72.0
Current ratio6.06.65.93.72.0
Cash and cash equivalents12.0064.000.21
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBBBB

Variable visualization

ROA:0.41%
Rating: 22/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:35.5%
Rating: 30/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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