Kubicki Development ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Kubicki Development ApS
Kubicki Development ApS (CVR number: 37542679) is a company from Brønderslev. The company reported a net sales of 1.2 mDKK in 2023, demonstrating a growth of 116.1 % compared to the previous year. The operating profit percentage was at 5.6 % (EBIT: 0.1 mDKK), while net earnings were 68.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 25 %, which can be considered excellent and Return on Equity (ROE) was 91.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.4 %, 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. Kubicki Development ApS'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 | 513.03 | 560.40 | 1 210.94 | ||
Gross profit | 180.86 | 79.25 | 141.38 | 108.12 | 366.45 |
EBIT | - 186.00 | -22.11 | 55.38 | -56.49 | 68.02 |
Net earnings | - 151.38 | -24.23 | 52.55 | -59.48 | 68.06 |
Shareholders equity total | 71.17 | 46.94 | 99.49 | 40.01 | 108.07 |
Balance sheet total (assets) | 323.69 | 286.44 | 248.22 | 189.43 | 354.92 |
Net debt | 199.35 | 203.47 | 103.64 | 120.00 | -27.61 |
Profitability | |||||
EBIT-% | 10.8 % | -10.1 % | 5.6 % | ||
ROA | -49.2 % | -7.2 % | 20.7 % | -25.8 % | 25.0 % |
ROE | -103.1 % | -41.0 % | 71.8 % | -85.3 % | 91.9 % |
ROI | -55.3 % | -8.0 % | 23.5 % | -31.0 % | 38.8 % |
Economic value added (EVA) | - 153.63 | -20.30 | 53.82 | -61.43 | 66.01 |
Solvency | |||||
Equity ratio | 22.0 % | 16.4 % | 40.1 % | 21.1 % | 30.4 % |
Gearing | 303.9 % | 467.3 % | 105.4 % | 299.9 % | 77.0 % |
Relative net indebtedness % | 28.8 % | 26.7 % | 11.2 % | ||
Liquidity | |||||
Quick ratio | 0.3 | 0.4 | 0.6 | 0.7 | 1.3 |
Current ratio | 0.3 | 0.4 | 0.6 | 0.7 | 1.3 |
Cash and cash equivalents | 16.92 | 15.90 | 1.24 | 110.77 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 26.7 | 42.9 | 50.3 | ||
Net working capital % | -10.5 % | -7.0 % | 6.0 % | ||
Credit risk | |||||
Credit rating | BB | BBB | BB | BB | BB |
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