CORTSEN ApS — Credit Rating and Financial Key Figures

CVR number: 30728599
Olesvej 9, 2950 Vedbæk
lcortsen@gmail.com

Company information

Official name
CORTSEN ApS
Personnel
2 persons
Established
2007
Company form
Private limited company
Industry

About CORTSEN ApS

CORTSEN ApS (CVR number: 30728599) is a company from RUDERSDAL. The company recorded a gross profit of -174.9 kDKK in 2023. The operating profit was -1412.1 kDKK, while net earnings were 819.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent and Return on Equity (ROE) was 5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 86.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. CORTSEN ApS's liquidity measured by quick ratio was 7.3 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit- 131.55- 147.72- 211.67- 339.59- 174.85
EBIT- 906.30-1 241.63-1 447.58-1 574.36-1 412.09
Net earnings2 517.23- 364.752 813.57-3 775.59819.74
Shareholders equity total17 850.6017 375.2519 783.8315 893.8316 595.78
Balance sheet total (assets)18 207.1917 927.2120 749.1918 345.1119 145.92
Net debt-18 160.80-17 797.26-20 628.67-15 394.21-15 995.31
Profitability
EBIT-%
ROA16.1 %-1.8 %18.0 %-7.0 %5.7 %
ROE15.1 %-2.1 %15.1 %-21.2 %5.0 %
ROI16.4 %-1.9 %18.6 %-7.2 %5.7 %
Economic value added (EVA)- 827.85-1 281.68-1 146.67-1 542.01-1 255.55
Solvency
Equity ratio98.0 %96.9 %95.3 %86.6 %86.7 %
Gearing0.1 %0.5 %0.5 %15.4 %15.4 %
Relative net indebtedness %
Liquidity
Quick ratio51.032.421.57.37.3
Current ratio51.032.421.57.37.3
Cash and cash equivalents18 175.0517 888.1220 723.1717 845.1118 545.46
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBA

Variable visualization

ROA:5.69%
Rating: 45/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:86.7%
Rating: 66/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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