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Codebase ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Codebase ApS
Codebase ApS (CVR number: 39763680) is a company from AARHUS. The company recorded a gross profit of 589.3 kDKK in 2025. The operating profit was 155 kDKK, while net earnings were -153 kDKK. The profitability of the company measured by Return on Assets (ROA) was -11.1 %, which can be considered poor and Return on Equity (ROE) was -22.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 79.4 %, 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. Codebase ApS's liquidity measured by quick ratio was 4.8 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 | 495.39 | 1 099.90 | 974.93 | 159.76 | 589.34 |
| EBIT | 211.16 | 420.56 | 206.58 | 159.02 | 155.04 |
| Net earnings | 157.69 | 341.71 | 314.53 | 234.63 | - 152.97 |
| Shareholders equity total | 271.73 | 499.05 | 703.58 | 818.21 | 540.24 |
| Balance sheet total (assets) | 442.17 | 727.99 | 897.01 | 1 017.59 | 680.61 |
| Net debt | - 323.11 | - 439.64 | - 507.37 | - 575.99 | - 425.39 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 47.7 % | 75.4 % | 45.2 % | 28.9 % | -11.1 % |
| ROE | 63.2 % | 88.7 % | 52.3 % | 30.8 % | -22.5 % |
| ROI | 84.7 % | 114.4 % | 61.1 % | 36.3 % | -13.9 % |
| Economic value added (EVA) | 152.68 | 311.50 | 135.02 | 88.07 | 77.65 |
| Solvency | |||||
| Equity ratio | 61.5 % | 68.6 % | 78.4 % | 80.4 % | 79.4 % |
| Gearing | |||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.6 | 3.0 | 3.7 | 3.7 | 4.8 |
| Current ratio | 2.6 | 3.0 | 3.7 | 3.7 | 4.8 |
| Cash and cash equivalents | 323.11 | 439.64 | 507.37 | 575.99 | 425.39 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | A | A | BBB |
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