KORTECH ApS — Credit Rating and Financial Key Figures

CVR number: 26339723
Bolteskovvej 10, Gestelev 5750 Ringe
miko@kortech.dk
tel: 70272019

Credit rating

Company information

Official name
KORTECH ApS
Established
2001
Domicile
Gestelev
Company form
Private limited company
Industry

About KORTECH ApS

KORTECH ApS (CVR number: 26339723) is a company from FAABORG-MIDTFYN. The company recorded a gross profit of 106.3 kDKK in 2023. The operating profit was 106.3 kDKK, while net earnings were 129.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.6 %, which can be considered weak but Return on Equity (ROE) was 87.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 41.3 %, 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. KORTECH ApS's liquidity measured by quick ratio was 0.5 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

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 profit121.9597.5147.79212.77106.31
EBIT107.4797.5147.79212.77106.31
Net earnings40.6031.91-13.649.36129.76
Shareholders equity total55.3687.2773.6383.00212.76
Balance sheet total (assets)1 228.021 426.911 410.063 310.354 779.98
Net debt1 121.071 273.551 267.382 633.213 760.39
Profitability
EBIT-%
ROA9.6 %7.9 %4.3 %9.0 %2.6 %
ROE115.8 %44.7 %-17.0 %12.0 %87.8 %
ROI9.9 %8.1 %4.4 %10.4 %3.1 %
Economic value added (EVA)118.27100.5643.30210.89190.17
Solvency
Equity ratio4.5 %6.1 %5.2 %24.6 %41.3 %
Gearing2064.3 %1484.1 %1722.1 %3212.6 %1790.9 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.10.00.20.5
Current ratio0.10.10.00.20.5
Cash and cash equivalents21.7521.650.6933.0949.87
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:2.63%
Rating: 33/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.3%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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