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ICTS DENMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About ICTS DENMARK ApS
ICTS DENMARK ApS (CVR number: 29417695) is a company from LYNGBY-TAARBÆK. The company reported a net sales of 14.2 mDKK in 2025, demonstrating a growth of 38.2 % compared to the previous year. The operating profit percentage was at 15.9 % (EBIT: 2.3 mDKK), while net earnings were 1733.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 43.1 %, which can be considered excellent and Return on Equity (ROE) was 49.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 68 %, 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. ICTS DENMARK ApS's liquidity measured by quick ratio was 3.1 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 248.81 | 5 562.31 | 6 839.15 | 10 302.00 | 14 240.26 |
| Gross profit | 254.96 | 4 679.26 | 5 817.15 | 8 115.95 | 11 253.25 |
| EBIT | -33.16 | 531.76 | 788.36 | 1 954.84 | 2 259.49 |
| Net earnings | -52.09 | 515.19 | 604.81 | 1 531.30 | 1 733.50 |
| Shareholders equity total | 1 496.16 | 2 011.35 | 2 616.16 | 2 656.26 | 4 389.76 |
| Balance sheet total (assets) | 1 593.14 | 4 460.86 | 4 436.05 | 4 120.37 | 6 451.76 |
| Net debt | - 775.91 | -1 948.67 | -2 924.97 | -1 733.29 | -2 652.39 |
| Profitability | |||||
| EBIT-% | -13.3 % | 9.6 % | 11.5 % | 19.0 % | 15.9 % |
| ROA | -1.6 % | 18.0 % | 18.5 % | 48.5 % | 43.1 % |
| ROE | -3.4 % | 29.4 % | 26.1 % | 58.1 % | 49.2 % |
| ROI | -1.7 % | 24.9 % | 27.0 % | 59.4 % | 48.8 % |
| Economic value added (EVA) | - 135.31 | 456.58 | 510.36 | 1 363.60 | 1 571.80 |
| Solvency | |||||
| Equity ratio | 93.9 % | 45.1 % | 59.0 % | 64.5 % | 68.0 % |
| Gearing | 42.8 % | 23.1 % | 41.7 % | 26.7 % | |
| Relative net indebtedness % | -272.9 % | -6.5 % | -25.0 % | -13.4 % | -12.4 % |
| Liquidity | |||||
| Quick ratio | 16.4 | 1.8 | 2.4 | 2.8 | 3.1 |
| Current ratio | 16.4 | 1.8 | 2.4 | 2.8 | 3.1 |
| Cash and cash equivalents | 775.91 | 2 809.42 | 3 528.37 | 2 840.02 | 3 823.52 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 34.6 | 50.4 | 8.3 | 40.7 | |
| Net working capital % | 600.2 % | 36.2 % | 38.3 % | 24.9 % | 30.5 % |
| Credit risk | |||||
| Credit rating | A | A | A | A | A |
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