ConnectMinds ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About ConnectMinds ApS
ConnectMinds ApS (CVR number: 38227890) is a company from TÅRNBY. The company recorded a gross profit of 237 kDKK in 2022. The operating profit was -224.3 kDKK, while net earnings were -159 kDKK. The profitability of the company measured by Return on Assets (ROA) was -48.9 %, which can be considered poor and Return on Equity (ROE) was -61.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -39.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. ConnectMinds ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 346.68 | 2 849.62 | 1 887.74 | 486.83 | 237.03 |
EBIT | 674.02 | -76.10 | - 141.98 | - 345.51 | - 224.26 |
Net earnings | 500.66 | -79.07 | - 147.29 | - 366.19 | - 159.04 |
Shareholders equity total | 311.71 | 232.64 | 85.36 | - 280.84 | - 108.88 |
Balance sheet total (assets) | 2 801.83 | 1 988.02 | 1 223.23 | 346.77 | 166.83 |
Net debt | - 882.42 | 108.93 | 419.06 | 422.95 | 199.98 |
Profitability | |||||
EBIT-% | |||||
ROA | 22.9 % | -2.1 % | -8.2 % | -36.8 % | -48.9 % |
ROE | 29.1 % | -29.0 % | -92.6 % | -169.5 % | -61.9 % |
ROI | 133.1 % | -8.4 % | -17.8 % | -61.4 % | -63.0 % |
Economic value added (EVA) | 581.93 | -28.49 | -97.60 | - 335.35 | - 133.42 |
Solvency | |||||
Equity ratio | 11.3 % | 11.7 % | 7.0 % | -44.7 % | -39.5 % |
Gearing | 14.6 % | 261.1 % | 651.8 % | -166.7 % | -214.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.7 | 0.7 | 0.5 | 0.4 | 0.6 |
Current ratio | 0.7 | 0.7 | 0.5 | 0.4 | 0.6 |
Cash and cash equivalents | 927.78 | 498.59 | 137.28 | 45.14 | 33.61 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BB | BB | BB |
Variable visualization
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