WIDEX DK A/S — Credit Rating and Financial Key Figures

CVR number: 29819521
Nymøllevej 6, 3540 Lynge
faktura-wdk@widexsound.com
tel: 44356080

Credit rating

Company information

Official name
WIDEX DK A/S
Personnel
63 persons
Established
2009
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About WIDEX DK A/S

WIDEX DK A/S (CVR number: 29819521) is a company from ALLERØD. The company recorded a gross profit of 33 mDKK in 2024. The operating profit was 1688.3 kDKK, while net earnings were -278.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.9 %, which can be considered weak but Return on Equity (ROE) was -4.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 8.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. WIDEX DK A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

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 profit20 833.1617 012.2420 121.1732 238.0733 011.82
EBIT2 939.43- 126.771 419.961 467.101 688.27
Net earnings1 953.28- 943.95516.81119.84- 278.92
Shareholders equity total6 722.195 629.626 728.636 848.476 569.56
Balance sheet total (assets)55 007.3738 677.0644 229.7355 622.2274 136.88
Net debt24 347.4012 652.2813 854.5132 034.5250 823.52
Profitability
EBIT-%
ROA6.7 %0.0 %4.6 %3.2 %2.9 %
ROE34.0 %-15.3 %8.4 %1.8 %-4.2 %
ROI9.4 %0.0 %7.2 %4.4 %3.6 %
Economic value added (EVA)2 098.52- 503.00725.97859.15854.61
Solvency
Equity ratio12.2 %14.6 %15.2 %12.3 %8.9 %
Gearing362.3 %225.0 %251.9 %467.8 %773.7 %
Relative net indebtedness %
Liquidity
Quick ratio1.11.01.31.00.9
Current ratio1.41.61.51.21.1
Cash and cash equivalents6.3313.733 096.901.433.16
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:2.86%
Rating: 34/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:8.86%
Rating: 9/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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