CHANGE DIRECTION ApS — Credit Rating and Financial Key Figures

CVR number: 33384963
Gammel Sellingvej 1, 8370 Hadsten
sbo@changedirection.dk
tel: 32151144
www.changedirection.dk
Free credit report Annual report

Credit rating

Company information

Official name
CHANGE DIRECTION ApS
Personnel
1 person
Established
2011
Company form
Private limited company
Industry

About CHANGE DIRECTION ApS

CHANGE DIRECTION ApS (CVR number: 33384963) is a company from FAVRSKOV. The company recorded a gross profit of 348.7 kDKK in 2024. The operating profit was 131.4 kDKK, while net earnings were 95.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17.9 %, which can be considered excellent and Return on Equity (ROE) was 22.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 56.3 %, 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. CHANGE DIRECTION ApS's liquidity measured by quick ratio was 2.2 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 profit409.25439.94534.64430.93348.74
EBIT195.1219.58201.36194.18131.40
Net earnings143.946.95147.84143.9295.18
Shareholders equity total440.72347.67395.51439.43412.61
Balance sheet total (assets)723.49565.78675.81770.53732.63
Net debt- 525.3935.22- 381.54- 523.77- 486.10
Profitability
EBIT-%
ROA32.2 %3.0 %32.4 %26.9 %17.9 %
ROE39.0 %1.8 %39.8 %34.5 %22.3 %
ROI41.1 %3.7 %37.3 %31.6 %20.8 %
Economic value added (EVA)130.00-14.25130.71122.4168.00
Solvency
Equity ratio60.9 %61.5 %58.5 %57.0 %56.3 %
Gearing25.9 %46.6 %43.4 %50.7 %54.0 %
Relative net indebtedness %
Liquidity
Quick ratio2.52.52.32.32.2
Current ratio2.52.52.32.32.2
Cash and cash equivalents639.34126.90553.12746.68708.75
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:17.9%
Rating: 71/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:56.3%
Rating: 44/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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