VORES SOL A6 K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORES SOL A6 K/S
VORES SOL A6 K/S (CVR number: 35047778) is a company from GLADSAXE. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a decline of -5.6 % compared to the previous year. The operating profit percentage was at 53.7 % (EBIT: 0.3 mDKK), while net earnings were 248.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.1 %, which can be considered good and Return on Equity (ROE) was 11 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 74.5 %, 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. VORES SOL A6 K/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 511.45 | 575.38 | 525.26 | 578.27 | 545.85 |
Gross profit | 479.58 | 536.94 | 494.56 | 544.34 | 508.79 |
EBIT | 263.42 | 320.78 | 278.39 | 328.47 | 292.91 |
Net earnings | 204.49 | 270.71 | 245.81 | 299.10 | 248.36 |
Shareholders equity total | 2 046.13 | 2 041.84 | 2 097.66 | 2 241.76 | 2 260.12 |
Balance sheet total (assets) | 4 021.92 | 3 715.50 | 3 465.24 | 3 370.56 | 3 032.86 |
Net debt | 1 411.74 | 1 208.66 | 946.90 | 529.57 | 331.92 |
Profitability | |||||
EBIT-% | 51.5 % | 55.8 % | 53.0 % | 56.8 % | 53.7 % |
ROA | 6.5 % | 8.3 % | 7.8 % | 9.6 % | 9.1 % |
ROE | 10.5 % | 13.2 % | 11.9 % | 13.8 % | 11.0 % |
ROI | 6.5 % | 8.3 % | 7.8 % | 9.7 % | 9.3 % |
Economic value added (EVA) | 57.82 | 119.97 | 92.88 | 155.22 | 127.50 |
Solvency | |||||
Equity ratio | 50.9 % | 55.0 % | 60.5 % | 66.5 % | 74.5 % |
Gearing | 95.3 % | 80.8 % | 64.4 % | 46.8 % | 33.2 % |
Relative net indebtedness % | 281.1 % | 214.2 % | 183.6 % | 105.2 % | 65.0 % |
Liquidity | |||||
Quick ratio | 1.7 | 1.4 | 1.3 | 1.4 | 1.3 |
Current ratio | 1.7 | 1.4 | 1.3 | 1.4 | 1.3 |
Cash and cash equivalents | 538.26 | 441.34 | 403.10 | 520.43 | 418.08 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 4.2 | 8.0 | 11.6 | 13.0 | 0.7 |
Net working capital % | 42.7 % | 22.6 % | 19.5 % | 28.0 % | 17.7 % |
Credit risk | |||||
Credit rating | A | AA | A | A | A |
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