BIT SOLUTIONS ApS — Credit Rating and Financial Key Figures

CVR number: 28325746
Marken 6, Himmelev 4000 Roskilde

Company information

Official name
BIT SOLUTIONS ApS
Personnel
1 person
Established
2005
Domicile
Himmelev
Company form
Private limited company
Industry

About BIT SOLUTIONS ApS

BIT SOLUTIONS ApS (CVR number: 28325746) is a company from ROSKILDE. The company recorded a gross profit of 1205.5 kDKK in 2023. The operating profit was 501.3 kDKK, while net earnings were 453.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 30.2 %, which can be considered excellent and Return on Equity (ROE) was 29.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 80 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. BIT SOLUTIONS ApS's liquidity measured by quick ratio was 4.5 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit734.471 053.931 495.511 228.281 205.54
EBIT77.88514.32885.49574.69501.31
Net earnings75.38468.83682.66445.00453.28
Shareholders equity total293.73596.661 109.821 383.221 659.80
Balance sheet total (assets)644.36932.301 662.221 793.862 073.69
Net debt- 115.37- 259.20- 915.55-1 042.08-1 342.39
Profitability
EBIT-%
ROA15.4 %65.2 %68.3 %33.3 %30.2 %
ROE29.4 %105.3 %80.0 %35.7 %29.8 %
ROI30.4 %114.2 %102.8 %45.8 %38.2 %
Economic value added (EVA)75.38462.52672.99438.04373.35
Solvency
Equity ratio45.6 %64.0 %66.8 %77.1 %80.0 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio1.22.32.83.74.5
Current ratio1.22.32.83.74.5
Cash and cash equivalents115.37259.20915.551 042.081 342.39
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBAAA

Variable visualization

ROA:30.2%
Rating: 83/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:80.0%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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