Freelance Team ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Freelance Team ApS
Freelance Team ApS (CVR number: 40004246) is a company from KØBENHAVN. The company recorded a gross profit of 537.9 kDKK in 2023. The operating profit was -7.5 kDKK, while net earnings were -11 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.9 %, which can be considered poor and Return on Equity (ROE) was -6.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 41.8 %, 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. Freelance Team ApS's liquidity measured by quick ratio was 1.7 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 275.52 | ||||
Gross profit | 860.09 | 1 035.03 | 729.89 | 652.56 | 537.90 |
EBIT | 153.73 | 180.06 | 67.51 | 91.55 | -7.47 |
Net earnings | 126.51 | 148.83 | 48.50 | 64.58 | -11.00 |
Shareholders equity total | 110.68 | 259.51 | 108.01 | 172.59 | 161.59 |
Balance sheet total (assets) | 382.90 | 610.51 | 306.80 | 413.30 | 386.26 |
Net debt | - 154.44 | - 189.95 | -37.62 | - 335.71 | -83.67 |
Profitability | |||||
EBIT-% | 55.8 % | ||||
ROA | 66.2 % | 39.2 % | 15.5 % | 25.4 % | -1.9 % |
ROE | 121.6 % | 80.4 % | 26.4 % | 46.0 % | -6.6 % |
ROI | 291.6 % | 99.1 % | 32.8 % | 56.2 % | -4.4 % |
Economic value added (EVA) | 120.51 | 142.12 | 48.82 | 68.44 | -0.61 |
Solvency | |||||
Equity ratio | 28.9 % | 42.5 % | 35.2 % | 41.8 % | 41.8 % |
Gearing | 6.1 % | 37.3 % | |||
Relative net indebtedness % | 42.1 % | ||||
Liquidity | |||||
Quick ratio | 1.4 | 1.9 | 1.6 | 1.8 | 1.7 |
Current ratio | 1.4 | 1.9 | 1.6 | 1.8 | 1.7 |
Cash and cash equivalents | 154.44 | 205.75 | 77.87 | 335.71 | 83.67 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 20.7 | ||||
Net working capital % | 35.4 % | ||||
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | BBB |
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