Corenco Automation ApS — Credit Rating and Financial Key Figures

CVR number: 38113879
Energivej 4 D, Lindved 5260 Odense S

Credit rating

Company information

Official name
Corenco Automation ApS
Personnel
9 persons
Established
2016
Domicile
Lindved
Company form
Private limited company
Industry

About Corenco Automation ApS

Corenco Automation ApS (CVR number: 38113879) is a company from ODENSE. The company recorded a gross profit of 7782.1 kDKK in 2024. The operating profit was 1998.2 kDKK, while net earnings were 1525.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 35.7 %, which can be considered excellent and Return on Equity (ROE) was 45 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 63.5 %, 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. Corenco Automation ApS's liquidity measured by quick ratio was 1.6 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit4 091.975 948.636 310.297 557.677 782.07
EBIT1 785.572 205.391 406.441 941.891 998.16
Net earnings1 384.181 711.741 015.381 474.071 525.94
Shareholders equity total1 575.672 437.412 452.793 326.853 452.79
Balance sheet total (assets)3 619.864 242.136 911.245 754.075 436.16
Net debt- 946.62-68.102 094.73150.24- 103.43
Profitability
EBIT-%
ROA75.4 %56.1 %25.2 %30.7 %35.7 %
ROE146.7 %85.3 %41.5 %51.0 %45.0 %
ROI162.1 %107.4 %40.3 %48.4 %57.7 %
Economic value added (EVA)1 365.091 640.42965.341 279.101 378.62
Solvency
Equity ratio43.5 %57.5 %40.2 %57.8 %63.5 %
Gearing85.4 %4.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.61.71.11.31.6
Current ratio1.82.31.52.32.7
Cash and cash equivalents946.6268.10103.43
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBBBBB

Variable visualization

ROA:35.7%
Rating: 87/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:63.5%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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