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PAX RECON ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About PAX RECON ApS
PAX RECON ApS (CVR number: 29917795) is a company from HELSINGØR. The company recorded a gross profit of 0 kDKK in 2025. The operating profit was 0 kDKK, while net earnings were 15 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.3 %, which can be considered weak and Return on Equity (ROE) was 2.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 56.2 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. PAX RECON ApS's liquidity measured by quick ratio was 2.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | |||||
| EBIT | |||||
| Net earnings | 72.49 | -57.60 | - 380.64 | 93.31 | 15.03 |
| Shareholders equity total | 1 020.09 | 962.49 | 581.85 | 675.16 | 690.19 |
| Balance sheet total (assets) | 1 588.53 | 1 499.71 | 1 119.06 | 1 212.37 | 1 227.40 |
| Net debt | - 716.03 | - 668.43 | - 287.29 | - 380.12 | - 380.15 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 4.7 % | -3.7 % | -29.0 % | 8.1 % | 1.3 % |
| ROE | 7.4 % | -5.8 % | -49.3 % | 14.8 % | 2.2 % |
| ROI | 4.7 % | -3.8 % | -29.2 % | 8.1 % | 1.3 % |
| Economic value added (EVA) | -75.68 | -79.32 | -74.86 | -55.73 | -60.42 |
| Solvency | |||||
| Equity ratio | 64.2 % | 64.2 % | 52.0 % | 55.7 % | 56.2 % |
| Gearing | 54.7 % | 54.8 % | 90.6 % | 78.1 % | 76.4 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.8 | 2.8 | 2.1 | 2.3 | 2.3 |
| Current ratio | 2.8 | 2.8 | 2.1 | 2.3 | 2.3 |
| Cash and cash equivalents | 1 274.46 | 1 195.64 | 814.51 | 907.33 | 907.36 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | BBB | A | A |
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