Soar More ApS — Credit Rating and Financial Key Figures

CVR number: 26289289
Lassonsvej 2, 7430 Ikast

Credit rating

Company information

Official name
Soar More ApS
Established
2001
Company form
Private limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
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 earnings48.1593.3694.3547.3491.60
Shareholders equity total322.08415.44509.79557.13648.73
Balance sheet total (assets)1 546.011 688.131 783.051 830.961 923.33
Net debt1 218.311 267.661 265.701 267.421 256.68
Profitability
EBIT-%
ROA7.4 %8.8 %8.4 %5.4 %7.6 %
ROE16.2 %25.3 %20.4 %8.9 %15.2 %
ROI7.4 %8.8 %8.4 %5.4 %7.6 %
Economic value added (EVA)-19.58-85.03-91.55- 100.50- 100.25
Solvency
Equity ratio20.8 %24.6 %28.6 %30.4 %33.7 %
Gearing378.5 %305.1 %248.8 %227.7 %195.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.70.70.70.60.6
Current ratio0.70.70.70.60.6
Cash and cash equivalents0.620.032.561.4012.91
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:7.58%
Rating: 50/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:33.7%
Rating: 29/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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