Velos IoT Europe A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Velos IoT Europe A/S
Velos IoT Europe A/S (CVR number: 32880053) is a company from KØBENHAVN. The company recorded a gross profit of -495.5 kDKK in 2024. The operating profit was -786.6 kDKK, while net earnings were -608.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8 %, which can be considered poor and Return on Equity (ROE) was -10.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 51.2 %, 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. Velos IoT Europe A/S'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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 2 101.80 | 3 558.69 | 3 843.86 | 909.41 | - 495.47 |
EBIT | 1 120.89 | 1 764.59 | 2 254.05 | 583.39 | - 786.56 |
Net earnings | 849.41 | 1 317.40 | 1 601.13 | 368.14 | - 608.62 |
Shareholders equity total | 2 650.36 | 3 967.76 | 5 568.83 | 5 936.97 | 5 328.36 |
Balance sheet total (assets) | 4 861.96 | 6 241.12 | 8 351.21 | 8 195.51 | 10 406.92 |
Net debt | -1 007.89 | - 477.26 | -1 284.43 | -3 129.49 | 1 593.43 |
Profitability | |||||
EBIT-% | |||||
ROA | 24.8 % | 31.8 % | 30.9 % | 7.2 % | -8.0 % |
ROE | 38.2 % | 39.8 % | 33.6 % | 6.4 % | -10.8 % |
ROI | 41.8 % | 45.5 % | 39.9 % | 8.9 % | -9.6 % |
Economic value added (EVA) | 753.82 | 1 216.30 | 1 524.75 | 103.05 | - 947.69 |
Solvency | |||||
Equity ratio | 54.5 % | 63.6 % | 66.7 % | 72.4 % | 51.2 % |
Gearing | 17.4 % | 11.9 % | 18.2 % | 11.4 % | 63.9 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.8 | 2.3 | 2.7 | 3.3 | 2.0 |
Current ratio | 2.8 | 2.3 | 2.7 | 3.3 | 2.0 |
Cash and cash equivalents | 1 470.05 | 948.80 | 2 296.39 | 3 803.62 | 1 813.46 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | BBB | BBB |
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