Project North Partnerselskab — Credit Rating and Financial Key Figures
Credit rating
Company information
About Project North Partnerselskab
Project North Partnerselskab (CVR number: 40697586) is a company from KØBENHAVN. The company reported a net sales of 24.6 mDKK in 2024, demonstrating a growth of 8 % compared to the previous year. The operating profit percentage was at 100.7 % (EBIT: 24.8 mDKK), while net earnings were 25.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.2 %, which can be considered decent and Return on Equity (ROE) was 4.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 95.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Project North Partnerselskab's liquidity measured by quick ratio was 520 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 22 798.00 | 24 623.00 | |||
Gross profit | - 488.00 | - 445.00 | - 202.00 | 21 954.00 | 24 160.00 |
EBIT | 29 810.00 | 4 880.00 | -37 556.00 | -26 072.00 | 24 785.00 |
Net earnings | 30 522.00 | 7 136.00 | -31 693.00 | -24 091.00 | 25 707.00 |
Shareholders equity total | 160 522.00 | 243 658.00 | 411 965.00 | 612 873.00 | 558 580.00 |
Balance sheet total (assets) | 662 061.00 | 663 152.00 | 667 497.00 | 637 411.00 | 583 240.00 |
Net debt | -28 856.00 | -10 585.00 | -45 513.00 | -66 853.00 | -19 159.00 |
Profitability | |||||
EBIT-% | -114.4 % | 100.7 % | |||
ROA | 4.6 % | 1.1 % | -4.8 % | -3.7 % | 4.2 % |
ROE | 19.0 % | 3.5 % | -9.7 % | -4.7 % | 4.4 % |
ROI | 4.6 % | 1.1 % | -5.8 % | -4.5 % | 4.2 % |
Economic value added (EVA) | 29 810.00 | -1 736.22 | -49 267.92 | -44 486.21 | -2 652.51 |
Solvency | |||||
Equity ratio | 24.2 % | 36.7 % | 61.7 % | 96.2 % | 95.8 % |
Gearing | |||||
Relative net indebtedness % | -185.6 % | 22.3 % | |||
Liquidity | |||||
Quick ratio | 8.9 | 1.6 | 0.2 | 1 860.3 | 520.0 |
Current ratio | 8.9 | 1.6 | 0.2 | 1 860.3 | 520.0 |
Cash and cash equivalents | 28 856.00 | 10 585.00 | 45 513.00 | 66 853.00 | 19 159.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 8.6 | 1.2 | |||
Net working capital % | 326.2 % | 78.0 % | |||
Credit risk | |||||
Credit rating | A | A | BBB | A | AA |
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