Easy2Trust ApS — Credit Rating and Financial Key Figures

CVR number: 40590587
Geminivej 10, 2670 Greve

Company information

Official name
Easy2Trust ApS
Personnel
39 persons
Established
2019
Company form
Private limited company
Industry

About Easy2Trust ApS

Easy2Trust ApS (CVR number: 40590587) is a company from GREVE. The company recorded a gross profit of 20.5 mDKK in 2023. The operating profit was 1678.8 kDKK, while net earnings were 1233.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.7 %, which can be considered good but Return on Equity (ROE) was 38.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 15.8 %, 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. Easy2Trust ApS's liquidity measured by quick ratio was 1.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit33.001 043.1714 869.8216 303.0120 547.28
EBIT33.001 010.143 000.631 476.891 678.84
Net earnings25.00766.402 136.521 052.571 233.36
Shareholders equity total227.93994.332 880.852 933.423 416.78
Balance sheet total (assets)266.0810 261.7614 678.4616 967.3221 577.11
Net debt- 102.33-5 056.29-9 570.86-5 794.05-10 882.78
Profitability
EBIT-%
ROA12.4 %19.2 %24.1 %9.3 %8.7 %
ROE11.0 %125.4 %110.3 %36.2 %38.8 %
ROI14.5 %157.7 %152.5 %27.0 %29.3 %
Economic value added (EVA)25.00767.702 503.981 468.031 646.72
Solvency
Equity ratio85.7 %9.7 %19.6 %17.3 %15.8 %
Gearing172.7 %
Relative net indebtedness %
Liquidity
Quick ratio7.01.11.21.21.2
Current ratio7.01.11.21.21.2
Cash and cash equivalents102.335 056.299 570.8610 861.2010 882.78
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBAA

Variable visualization

ROA:8.71%
Rating: 53/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:15.8%
Rating: 15/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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