REECON A/S — Credit Rating and Financial Key Figures

CVR number: 31252164
Ulvehavevej 44 C, 7100 Vejle
mail@reecon.dk
tel: 77345309
www.reecon.dk

Credit rating

Company information

Official name
REECON A/S
Personnel
2 persons
Established
2008
Company form
Limited company
Industry
  • Expand more icon28Manufacture of machinery and equipment n.e.c.

About REECON A/S

REECON A/S (CVR number: 31252164) is a company from VEJLE. The company recorded a gross profit of 12.7 mDKK in 2023. The operating profit was 11.3 mDKK, while net earnings were 8936.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 83.4 %, which can be considered excellent and Return on Equity (ROE) was 88 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 94.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. REECON A/S's liquidity measured by quick ratio was 17.3 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 profit4 082.173 809.623 425.073 646.0712 726.17
EBIT2 813.032 509.742 091.842 295.1411 335.94
Net earnings2 177.601 924.951 622.751 771.148 936.39
Shareholders equity total5 812.445 737.395 360.146 931.2813 367.67
Balance sheet total (assets)8 228.747 840.385 740.5613 483.5614 185.12
Net debt-7 156.81-5 039.09- 478.48-7 051.22-12 286.22
Profitability
EBIT-%
ROA35.0 %31.4 %31.0 %24.2 %83.4 %
ROE44.7 %33.3 %29.2 %28.8 %88.0 %
ROI58.1 %43.5 %37.9 %37.9 %113.6 %
Economic value added (EVA)2 176.672 026.311 596.081 544.658 847.47
Solvency
Equity ratio70.6 %73.2 %93.4 %77.8 %94.2 %
Gearing0.6 %0.0 %0.0 %0.0 %0.0 %
Relative net indebtedness %
Liquidity
Quick ratio3.43.714.96.817.3
Current ratio3.43.715.02.117.3
Cash and cash equivalents7 190.285 040.83478.987 051.8212 289.42
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBABBB

Variable visualization

ROA:83.4%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:94.2%
Rating: 75/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board
Board member

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