Better Work ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Better Work ApS
Better Work ApS (CVR number: 39481022) is a company from VEJLE. The company recorded a gross profit of 742.4 kDKK in 2023, demonstrating a growth of 42.8 % compared to the previous year. The operating profit was -25.4 kDKK, while net earnings were -25.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8.7 %, which can be considered poor and Return on Equity (ROE) was -16.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 51.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Better Work 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 6.40 | 719.12 | |||
Gross profit | -8.32 | 6.40 | 519.94 | 742.42 | |
EBIT | -8.32 | 6.40 | 97.07 | 107.71 | -25.36 |
Net earnings | -8.32 | 4.53 | 75.05 | 82.65 | -25.30 |
Shareholders equity total | -18.19 | -13.66 | 71.95 | 165.21 | 139.60 |
Balance sheet total (assets) | 2.01 | 8.40 | 142.17 | 306.58 | 273.02 |
Net debt | 20.19 | 22.06 | - 125.85 | - 260.49 | - 120.34 |
Profitability | |||||
EBIT-% | 100.0 % | 15.0 % | |||
ROA | -41.4 % | 30.3 % | 118.2 % | 48.0 % | -8.7 % |
ROE | -136.9 % | 86.9 % | 186.8 % | 69.7 % | -16.6 % |
ROI | -41.4 % | 30.3 % | 155.9 % | 74.6 % | -15.5 % |
Economic value added (EVA) | -8.83 | 6.30 | 75.29 | 78.87 | -34.72 |
Solvency | |||||
Equity ratio | -90.0 % | -61.9 % | 50.6 % | 53.9 % | 51.1 % |
Gearing | -111.1 % | -161.5 % | 13.0 % | 12.8 % | |
Relative net indebtedness % | 344.7 % | -19.5 % | |||
Liquidity | |||||
Quick ratio | 0.1 | 0.4 | 2.9 | 2.2 | 1.6 |
Current ratio | 0.1 | 0.4 | 2.9 | 2.2 | 1.6 |
Cash and cash equivalents | 0.02 | 135.17 | 281.58 | 120.34 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 456.3 | 12.7 | |||
Net working capital % | -213.5 % | 23.0 % | |||
Credit risk | |||||
Credit rating | BB | BB | BB | BBB | BBB |
Variable visualization
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