VORES SOL NAKSKOV XVIII K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORES SOL NAKSKOV XVIII K/S
VORES SOL NAKSKOV XVIII K/S (CVR number: 35044604) is a company from GLADSAXE. The company reported a net sales of 0.6 mDKK in 2023, demonstrating a decline of -0.5 % compared to the previous year. The operating profit percentage was at 45.5 % (EBIT: 0.3 mDKK), while net earnings were 244.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.6 %, which can be considered good and Return on Equity (ROE) was 10.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 69.3 %, 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. VORES SOL NAKSKOV XVIII K/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 518.51 | 566.11 | 516.18 | 567.06 | 564.30 |
Gross profit | 430.16 | 470.68 | 430.17 | 475.29 | 462.97 |
EBIT | 223.25 | 263.77 | 223.25 | 268.94 | 256.63 |
Net earnings | 193.85 | 258.81 | 216.83 | 278.17 | 244.17 |
Shareholders equity total | 1 416.68 | 1 625.49 | 1 842.33 | 2 120.49 | 2 364.66 |
Balance sheet total (assets) | 4 085.44 | 3 906.56 | 3 696.80 | 3 648.53 | 3 410.88 |
Net debt | 2 278.45 | 1 888.04 | 1 450.72 | 893.07 | 506.14 |
Profitability | |||||
EBIT-% | 43.1 % | 46.6 % | 43.3 % | 47.4 % | 45.5 % |
ROA | 6.5 % | 8.1 % | 6.8 % | 8.7 % | 8.6 % |
ROE | 14.7 % | 17.0 % | 12.5 % | 14.0 % | 10.9 % |
ROI | 6.6 % | 8.2 % | 6.9 % | 8.8 % | 8.7 % |
Economic value added (EVA) | -60.50 | -5.65 | -30.31 | 29.13 | 36.05 |
Solvency | |||||
Equity ratio | 34.7 % | 41.6 % | 49.8 % | 58.1 % | 69.3 % |
Gearing | 186.3 % | 138.7 % | 99.6 % | 68.0 % | 43.7 % |
Relative net indebtedness % | 445.2 % | 338.3 % | 284.8 % | 172.8 % | 92.2 % |
Liquidity | |||||
Quick ratio | 1.0 | 0.9 | 0.9 | 1.1 | 1.2 |
Current ratio | 1.0 | 0.9 | 0.9 | 1.1 | 1.2 |
Cash and cash equivalents | 360.23 | 365.71 | 384.64 | 548.05 | 526.18 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 3.5 | 7.1 | 2.8 | 1.2 | |
Net working capital % | -3.6 % | -11.5 % | -6.6 % | 7.9 % | 15.9 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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