ChangeForce ApS — Credit Rating and Financial Key Figures

CVR number: 42229830
Arnkilgade 56, 6400 Sønderborg
tdc@changeforce.dk
tel: 51561651
www.changeforce.dk

Credit rating

Company information

Official name
ChangeForce ApS
Personnel
3 persons
Established
2021
Company form
Private limited company
Industry

About ChangeForce ApS

ChangeForce ApS (CVR number: 42229830) is a company from SØNDERBORG. The company recorded a gross profit of 2445.3 kDKK in 2023. The operating profit was 606.1 kDKK, while net earnings were 459.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 34.6 %, which can be considered excellent and Return on Equity (ROE) was 44.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 60.1 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. ChangeForce ApS's liquidity measured by quick ratio was 2.9 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
2021
2022
2023
Volume
Net sales
Gross profit2 432.002 485.002 445.33
EBIT1 036.00573.00606.08
Net earnings798.00439.00459.91
Shareholders equity total838.00805.001 264.35
Balance sheet total (assets)1 289.001 405.002 104.75
Net debt-1 174.00- 705.00- 698.36
Profitability
EBIT-%
ROA80.4 %42.5 %34.6 %
ROE95.2 %53.4 %44.4 %
ROI119.6 %68.6 %56.9 %
Economic value added (EVA)802.65462.72461.23
Solvency
Equity ratio65.0 %57.3 %60.1 %
Gearing3.3 %5.3 %
Relative net indebtedness %
Liquidity
Quick ratio6.32.92.9
Current ratio6.32.92.9
Cash and cash equivalents1 202.00705.00765.08
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBB

Variable visualization

ROA:34.6%
Rating: 86/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:60.1%
Rating: 46/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

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