Connovate Real Estate K/S — Credit Rating and Financial Key Figures

CVR number: 40848347
Silicavej 11, 8000 Aarhus C
kb@connovate.com
tel: 30950030

Company information

Official name
Connovate Real Estate K/S
Established
2019
Company form
Limited partnership
Industry

About Connovate Real Estate K/S

Connovate Real Estate K/S (CVR number: 40848347) is a company from AARHUS. The company recorded a gross profit of 691.5 kDKK in 2024. The operating profit was 63.8 kDKK, while net earnings were -299 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.7 %, which can be considered weak but Return on Equity (ROE) was -2.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 70.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Connovate Real Estate K/S's liquidity measured by quick ratio was 2.7 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit54.841 569.55847.91774.49691.46
EBIT-23.781 287.07470.38386.1763.75
Net earnings-85.451 049.23226.58-42.01- 299.03
Shareholders equity total6 714.557 763.787 990.367 948.3519 649.32
Balance sheet total (assets)15 159.8316 141.0016 601.1716 390.3627 877.30
Net debt5 763.326 191.356 278.526 321.735 844.40
Profitability
EBIT-%
ROA-0.1 %8.3 %3.1 %2.7 %0.7 %
ROE-1.3 %14.5 %2.9 %-0.5 %-2.2 %
ROI-0.2 %9.0 %3.3 %2.9 %0.8 %
Economic value added (EVA)-23.781 024.44130.5035.58- 285.18
Solvency
Equity ratio44.3 %48.1 %48.1 %48.5 %70.5 %
Gearing108.0 %92.6 %91.3 %92.2 %34.9 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.20.30.32.7
Current ratio0.30.20.30.32.7
Cash and cash equivalents1 488.191 000.001 013.541 004.361 008.83
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAABBBA

Variable visualization

ROA:0.73%
Rating: 24/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:70.5%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Board member

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