Progression Ventures ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Progression Ventures ApS
Progression Ventures ApS (CVR number: 38991825) is a company from KØBENHAVN. The company recorded a gross profit of 31.3 kDKK in 2024. The operating profit was 31.3 kDKK, while net earnings were -10 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.7 %, which can be considered good but Return on Equity (ROE) was -3.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 87.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Progression Ventures ApS's liquidity measured by quick ratio was 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 135.51 | ||||
Gross profit | -1.23 | -5.00 | 122.01 | 33.87 | 31.28 |
EBIT | -1.23 | -5.00 | 122.01 | 33.87 | 31.28 |
Net earnings | -1.70 | 76.08 | 94.06 | 27.54 | -9.97 |
Shareholders equity total | 101.56 | 177.64 | 231.70 | 259.24 | 249.26 |
Balance sheet total (assets) | 174.84 | 248.04 | 257.78 | 296.25 | 286.27 |
Net debt | - 172.99 | - 329.82 | -89.16 | -90.56 | -80.21 |
Profitability | |||||
EBIT-% | 90.0 % | ||||
ROA | -0.9 % | 28.3 % | 48.2 % | 14.7 % | 10.7 % |
ROE | -2.1 % | 54.5 % | 46.0 % | 11.2 % | -3.9 % |
ROI | -0.9 % | 28.7 % | 51.4 % | 15.8 % | 11.1 % |
Economic value added (EVA) | -5.75 | -13.79 | 84.12 | 10.48 | 16.99 |
Solvency | |||||
Equity ratio | 58.1 % | 71.6 % | 89.9 % | 87.5 % | 87.1 % |
Gearing | 72.2 % | 36.8 % | 9.7 % | 12.8 % | |
Relative net indebtedness % | -46.6 % | ||||
Liquidity | |||||
Quick ratio | 2.4 | 3.5 | 4.0 | 3.3 | 3.0 |
Current ratio | 2.4 | 3.5 | 4.0 | 3.3 | 3.0 |
Cash and cash equivalents | 246.28 | 395.22 | 89.16 | 115.64 | 112.22 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 42.2 | ||||
Net working capital % | 58.1 % | ||||
Credit risk | |||||
Credit rating | B | BB | BBB | BB | BB |
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