Soar More ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Soar More ApS
Soar More ApS (CVR number: 26289289) is a company from IKAST-BRANDE. The company recorded a gross profit of -8.5 kDKK in 2024. The operating profit was -8.5 kDKK, while net earnings were 91.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.6 %, which can be considered decent but Return on Equity (ROE) was 15.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 33.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Soar More 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -5.81 | -7.59 | -6.97 | -11.16 | -8.50 |
EBIT | -5.81 | -7.59 | -6.97 | -11.16 | -8.50 |
Net earnings | 48.15 | 93.36 | 94.35 | 47.34 | 91.60 |
Shareholders equity total | 322.08 | 415.44 | 509.79 | 557.13 | 648.73 |
Balance sheet total (assets) | 1 546.01 | 1 688.13 | 1 783.05 | 1 830.96 | 1 923.33 |
Net debt | 1 218.31 | 1 267.66 | 1 265.70 | 1 267.42 | 1 256.68 |
Profitability | |||||
EBIT-% | |||||
ROA | 7.4 % | 8.8 % | 8.4 % | 5.4 % | 7.6 % |
ROE | 16.2 % | 25.3 % | 20.4 % | 8.9 % | 15.2 % |
ROI | 7.4 % | 8.8 % | 8.4 % | 5.4 % | 7.6 % |
Economic value added (EVA) | -19.58 | -85.03 | -91.55 | - 100.50 | - 100.25 |
Solvency | |||||
Equity ratio | 20.8 % | 24.6 % | 28.6 % | 30.4 % | 33.7 % |
Gearing | 378.5 % | 305.1 % | 248.8 % | 227.7 % | 195.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 |
Current ratio | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 |
Cash and cash equivalents | 0.62 | 0.03 | 2.56 | 1.40 | 12.91 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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