Betterways ApS — Credit Rating and Financial Key Figures

CVR number: 43271237
Gl Røsnæsvej 43, 4400 Kalundborg

Company information

Official name
Betterways ApS
Personnel
2 persons
Established
2022
Company form
Private limited company
Industry

About Betterways ApS

Betterways ApS (CVR number: 43271237) is a company from KALUNDBORG. The company recorded a gross profit of 1398.1 kDKK in 2024. The operating profit was 246.9 kDKK, while net earnings were 494.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.8 %, which can be considered good and Return on Equity (ROE) was 9.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 74.9 %, 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. Betterways ApS's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2022
2023
2024
Volume
Net sales
Gross profit2 720.812 359.091 398.11
EBIT1 657.041 348.23246.91
Net earnings1 586.591 062.55494.43
Shareholders equity total3 683.914 628.656 017.29
Balance sheet total (assets)6 155.347 689.328 060.24
Net debt1 374.041 222.821 626.59
Profitability
EBIT-%
ROA35.2 %20.8 %8.8 %
ROE43.1 %25.6 %9.3 %
ROI41.2 %24.2 %9.6 %
Economic value added (EVA)1 276.11766.55- 159.37
Solvency
Equity ratio61.0 %63.8 %74.9 %
Gearing37.3 %39.4 %27.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.30.1
Current ratio0.10.30.1
Cash and cash equivalents0.51600.370.39
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBA

Variable visualization

ROA:8.81%
Rating: 54/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:74.9%
Rating: 56/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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