Craft Tech IT ApS — Credit Rating and Financial Key Figures

CVR number: 38660586
Dover Markvej 2, Krogstrup 6630 Rødding

Credit rating

Company information

Official name
Craft Tech IT ApS
Established
2017
Domicile
Krogstrup
Company form
Private limited company
Industry

About Craft Tech IT ApS

Craft Tech IT ApS (CVR number: 38660586) is a company from VEJEN. The company recorded a gross profit of 16 kDKK in 2023, demonstrating a growth of 0.1 % compared to the previous year. The operating profit was 10.2 kDKK, while net earnings were 8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.9 %, which can be considered excellent but Return on Equity (ROE) was 13.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 85.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Craft Tech IT ApS's liquidity measured by quick ratio was 5.7 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales73.6024.0030.0030.00
Gross profit64.2214.4115.9415.9415.96
EBIT62.773.911.441.4410.24
Net earnings49.773.051.131.137.99
Shareholders equity total49.7751.8753.0053.0062.94
Balance sheet total (assets)65.8158.0155.6655.6673.47
Net debt-35.97-35.74-40.96-40.96-44.80
Profitability
EBIT-%85.3 %16.3 %4.8 %4.8 %
ROA95.4 %6.3 %2.5 %2.6 %15.9 %
ROE100.0 %6.0 %2.1 %2.1 %13.8 %
ROI126.1 %7.7 %2.8 %2.7 %17.7 %
Economic value added (EVA)49.773.210.630.847.39
Solvency
Equity ratio75.6 %89.4 %95.2 %95.2 %85.7 %
Gearing
Relative net indebtedness %-27.1 %-123.3 %-127.7 %-127.7 %
Liquidity
Quick ratio2.77.018.218.25.7
Current ratio2.77.018.218.25.7
Cash and cash equivalents35.9735.7440.9640.9644.80
Capital use efficiency
Trade debtors turnover (days)37.2114.191.391.3
Net working capital %37.3 %154.6 %152.7 %152.7 %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:15.9%
Rating: 67/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:85.7%
Rating: 65/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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