VORES SOL A4 K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORES SOL A4 K/S
VORES SOL A4 K/S (CVR number: 35047743) is a company from GLADSAXE. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a decline of -7.1 % compared to the previous year. The operating profit percentage was at 52.5 % (EBIT: 0.3 mDKK), while net earnings were 239.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good and Return on Equity (ROE) was 10.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 74.4 %, 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 A4 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 | 524.82 | 563.56 | 530.31 | 582.95 | 541.84 |
Gross profit | 493.57 | 523.61 | 501.05 | 548.05 | 500.25 |
EBIT | 277.41 | 307.45 | 284.89 | 332.18 | 284.37 |
Net earnings | 218.45 | 257.37 | 252.32 | 302.80 | 239.82 |
Shareholders equity total | 2 092.94 | 2 025.30 | 2 102.62 | 2 245.43 | 2 255.25 |
Balance sheet total (assets) | 4 068.88 | 3 698.22 | 3 470.67 | 3 376.69 | 3 032.06 |
Net debt | 1 365.86 | 1 224.05 | 943.95 | 525.06 | 332.84 |
Profitability | |||||
EBIT-% | 52.9 % | 54.6 % | 53.7 % | 57.0 % | 52.5 % |
ROA | 6.7 % | 7.9 % | 7.9 % | 9.7 % | 8.9 % |
ROE | 11.0 % | 12.5 % | 12.2 % | 13.9 % | 10.7 % |
ROI | 6.8 % | 8.0 % | 8.0 % | 9.8 % | 9.0 % |
Economic value added (EVA) | 70.16 | 104.29 | 100.21 | 158.68 | 118.78 |
Solvency | |||||
Equity ratio | 51.4 % | 54.8 % | 60.6 % | 66.5 % | 74.4 % |
Gearing | 93.2 % | 81.5 % | 64.2 % | 46.8 % | 33.3 % |
Relative net indebtedness % | 265.2 % | 221.3 % | 181.4 % | 104.0 % | 66.4 % |
Liquidity | |||||
Quick ratio | 1.8 | 1.4 | 1.3 | 1.4 | 1.3 |
Current ratio | 1.8 | 1.4 | 1.3 | 1.4 | 1.3 |
Cash and cash equivalents | 584.14 | 425.95 | 406.05 | 524.95 | 417.16 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 4.8 | 6.9 | 13.2 | 13.9 | 0.8 |
Net working capital % | 50.5 % | 20.2 % | 20.2 % | 28.5 % | 16.9 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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