BETTER COLLECTIVE A/S — Credit Rating and Financial Key Figures

CVR number: 27652913
Sankt Annæ Plads 28, 1250 København K

Credit rating

Company information

Official name
BETTER COLLECTIVE A/S
Personnel
193 persons
Established
2004
Company form
Limited company
Industry

About BETTER COLLECTIVE A/S

BETTER COLLECTIVE A/S (CVR number: 27652913K) is a company from KØBENHAVN. The company reported a net sales of 371.5 mEUR in 2024, demonstrating a growth of 13.7 % compared to the previous year. The operating profit percentage was at 16.5 % (EBIT: 61.4 mEUR), while net earnings were 34 mEUR. The profitability of the company measured by Return on Assets (ROA) was 6.5 %, which can be considered decent and Return on Equity (ROE) was 6.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 58.5 %, 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. BETTER COLLECTIVE A/S's liquidity measured by quick ratio was 1.5 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 financials

Net sales (mEUR)

EBIT (mEUR)

Profitability

Solidity

Key figures (mEUR)

See financials
2020
2021
2022
2023
2024
Volume
Net sales91.19177.05269.30326.69371.49
Gross profit70.72112.19177.07227.39264.32
EBIT30.4928.7570.3580.8961.45
Net earnings21.9317.2948.0839.8434.01
Shareholders equity total162.54344.85412.92435.27685.93
Balance sheet total (assets)315.06597.38785.23937.861 172.12
Net debt-24.60-20.90-4.6318.39-10.75
Profitability
EBIT-%33.4 %16.2 %26.1 %24.8 %16.5 %
ROA11.9 %7.0 %10.8 %10.1 %6.5 %
ROE14.6 %6.8 %12.7 %9.4 %6.1 %
ROI13.7 %8.5 %12.9 %11.7 %7.4 %
Economic value added (EVA)15.5710.0934.0533.1222.97
Solvency
Equity ratio51.6 %57.7 %52.6 %46.4 %58.5 %
Gearing6.4 %3.1 %6.5 %14.2 %3.9 %
Relative net indebtedness %128.9 %124.8 %126.6 %140.5 %120.7 %
Liquidity
Quick ratio1.81.11.51.01.5
Current ratio1.81.11.51.01.5
Cash and cash equivalents34.9831.5831.5043.5537.67
Capital use efficiency
Trade debtors turnover (days)73.062.072.154.762.6
Net working capital %24.4 %4.2 %11.1 %0.7 %10.0 %
Credit risk
Credit ratingAAAAAAAAAAAAAAA

Variable visualization

ROA:6.52%
Rating: 47/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:58.5%
Rating: 45/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Chief executive officer
Chief executive officer
Chief executive officer

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