Art It Design ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Art It Design ApS
Art It Design ApS (CVR number: 38778803) is a company from KOLDING. The company recorded a gross profit of -80.9 kDKK in 2023. The operating profit was -80.9 kDKK, while net earnings were -76.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -186.4 %, which can be considered poor and Return on Equity (ROE) was -415.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 70.1 %, 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. Art It Design ApS's liquidity measured by quick ratio was 3.3 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | - 139.00 | -28.00 | 12.00 | -19.00 | -80.87 |
| EBIT | - 139.00 | -28.00 | 12.00 | -19.00 | -80.87 |
| Net earnings | - 109.00 | -22.00 | 8.00 | -15.00 | -76.37 |
| Shareholders equity total | 47.00 | 25.00 | 33.00 | 18.00 | 18.74 |
| Balance sheet total (assets) | 90.00 | 69.00 | 59.00 | 60.00 | 26.74 |
| Net debt | 35.00 | 32.00 | 10.00 | 32.00 | -8.66 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -91.0 % | -34.0 % | 18.8 % | -31.9 % | -186.4 % |
| ROE | -106.9 % | -61.1 % | 27.6 % | -58.8 % | -415.8 % |
| ROI | -96.1 % | -37.8 % | 21.8 % | -37.6 % | -228.6 % |
| Economic value added (EVA) | - 116.06 | -24.36 | 8.54 | -15.61 | -74.04 |
| Solvency | |||||
| Equity ratio | 52.2 % | 36.2 % | 55.9 % | 30.0 % | 70.1 % |
| Gearing | 74.5 % | 144.0 % | 48.5 % | 188.9 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.1 | 1.6 | 0.8 | 0.5 | 3.3 |
| Current ratio | 2.1 | 1.6 | 2.3 | 1.4 | 3.3 |
| Cash and cash equivalents | 4.00 | 6.00 | 2.00 | 8.66 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | BB | B |
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