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Recode ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Recode ApS
Recode ApS (CVR number: 41551569) is a company from FREDERIKSBERG. The company recorded a gross profit of 57 kDKK in 2025. The operating profit was -458.3 kDKK, while net earnings were -465.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -15.6 %, which can be considered poor and Return on Equity (ROE) was -32.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 47 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Recode ApS's liquidity measured by quick ratio was 15.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 2 510.76 | 1 966.00 | 1 843.82 | 904.49 | 56.97 |
| EBIT | 889.36 | 789.92 | 516.69 | 398.17 | - 458.27 |
| Net earnings | 728.03 | 531.82 | 463.65 | 315.27 | - 465.94 |
| Shareholders equity total | 768.03 | 1 185.45 | 1 534.71 | 1 732.18 | 1 131.24 |
| Balance sheet total (assets) | 1 828.15 | 1 555.16 | 2 318.72 | 3 102.99 | 2 408.11 |
| Net debt | -1 121.05 | - 811.99 | -1 651.05 | -1 990.79 | -1 317.91 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 54.2 % | 55.7 % | 30.7 % | 18.1 % | -15.6 % |
| ROE | 94.8 % | 54.4 % | 34.1 % | 19.3 % | -32.5 % |
| ROI | 128.9 % | 92.5 % | 42.4 % | 30.0 % | -30.0 % |
| Economic value added (EVA) | 693.27 | 555.81 | 370.38 | 229.99 | - 545.31 |
| Solvency | |||||
| Equity ratio | 42.0 % | 76.2 % | 66.2 % | 55.8 % | 47.0 % |
| Gearing | 7.0 % | ||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.7 | 4.2 | 3.0 | 16.7 | 15.3 |
| Current ratio | 1.7 | 4.2 | 3.0 | 16.7 | 15.3 |
| Cash and cash equivalents | 1 121.05 | 895.50 | 1 651.05 | 1 990.79 | 1 317.91 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BBB | A | BBB | BB |
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