Surface Solutions ApS — Credit Rating and Financial Key Figures

CVR number: 36452870
Langgade 15, Kaas 9490 Pandrup

Credit rating

Company information

Official name
Surface Solutions ApS
Personnel
6 persons
Established
2014
Domicile
Kaas
Company form
Private limited company
Industry

About Surface Solutions ApS

Surface Solutions ApS (CVR number: 36452870) is a company from JAMMERBUGT. The company recorded a gross profit of 3876.2 kDKK in 2022. The operating profit was 846.6 kDKK, while net earnings were 758.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.9 %, which can be considered excellent and Return on Equity (ROE) was 41.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 1.7 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Surface Solutions ApS's liquidity measured by quick ratio was 0.4 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
2018
2019
2020
2021
2022
Volume
Net sales
Gross profit859.382 095.082 550.853 325.533 876.16
EBIT22.05117.23- 642.64- 252.61846.62
Net earnings-2.8980.45- 771.60- 375.79758.43
Shareholders equity total241.92322.37- 328.24- 704.0354.40
Balance sheet total (assets)1 546.392 354.483 588.093 563.693 172.37
Net debt262.00250.881 030.16763.40378.72
Profitability
EBIT-%
ROA1.4 %6.0 %-20.5 %-6.1 %22.9 %
ROE-1.2 %28.5 %-39.5 %-10.5 %41.9 %
ROI2.9 %18.6 %-55.4 %-16.2 %87.8 %
Economic value added (EVA)3.3571.07- 658.84- 250.33899.99
Solvency
Equity ratio15.6 %13.7 %-8.4 %-16.5 %1.7 %
Gearing108.3 %77.8 %-313.8 %-108.4 %696.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.50.50.40.4
Current ratio0.70.70.60.60.6
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:22.9%
Rating: 78/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:1.71%
Rating: 2/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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