Billwerk+ Denmark A/S — Credit Rating and Financial Key Figures

CVR number: 32097901
Pilestræde 52 A, 1112 København K
robert@reepay.com
tel: 26777008
https://reepay.com

Credit rating

Company information

Official name
Billwerk+ Denmark A/S
Personnel
28 persons
Established
2009
Company form
Limited company
Industry

About Billwerk+ Denmark A/S

Billwerk+ Denmark A/S (CVR number: 32097901) is a company from KØBENHAVN. The company recorded a gross profit of 15.3 mDKK in 2023. The operating profit was -3580.4 kDKK, while net earnings were -5301.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -23.8 %, which can be considered poor and Return on Equity (ROE) was -174.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 2.5 %, 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. Billwerk+ Denmark A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit2 136.552 052.4712 708.8910 817.8915 312.85
EBIT-1 690.31-1 911.057 838.78-1 095.91-3 580.45
Net earnings-1 687.77-1 903.966 332.37- 982.92-5 301.31
Shareholders equity total401.73-1 502.236 664.345 681.42380.12
Balance sheet total (assets)6 902.297 269.4911 729.8813 952.2915 019.38
Net debt4 546.842 394.24-7 862.81- 986.394 513.16
Profitability
EBIT-%
ROA-25.5 %-24.4 %76.5 %-8.3 %-23.8 %
ROE-226.4 %-49.6 %90.9 %-15.9 %-174.9 %
ROI-29.1 %-33.7 %128.1 %-13.8 %-41.8 %
Economic value added (EVA)-1 254.31-1 384.056 907.26- 894.53-2 617.69
Solvency
Equity ratio5.8 %-17.1 %56.8 %40.7 %2.5 %
Gearing1337.5 %-370.8 %56.2 %1906.9 %
Relative net indebtedness %
Liquidity
Quick ratio1.22.02.21.61.0
Current ratio1.22.02.21.61.0
Cash and cash equivalents826.493 175.687 862.814 177.522 735.23
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBABBBBBB

Variable visualization

ROA:-23.8%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:2.53%
Rating: 3/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chief executive officer

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