RED connect ApS — Credit Rating and Financial Key Figures

CVR number: 37698253
Søndertoften 95 A, 2630 Taastrup
tel: 25446404

Company information

Official name
RED connect ApS
Personnel
1 person
Established
2016
Company form
Private limited company
Industry

About RED connect ApS

RED connect ApS (CVR number: 37698253) is a company from Høje-Taastrup. The company recorded a gross profit of 38.5 kDKK in 2024. The operating profit was 37.5 kDKK, while net earnings were 27.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16 %, which can be considered excellent but Return on Equity (ROE) was 13.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 77.9 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. RED connect ApS's liquidity measured by quick ratio was 4.5 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 profit8.86-65.2042.6579.3538.47
EBIT8.86-65.2042.6579.2437.51
Net earnings9.39-58.3051.3158.5727.72
Shareholders equity total799.32611.02532.33246.65152.36
Balance sheet total (assets)804.31615.79536.92274.25195.70
Net debt- 570.94- 383.02- 303.68- 267.49- 194.29
Profitability
EBIT-%
ROA2.2 %-7.7 %9.3 %19.5 %16.0 %
ROE1.2 %-8.3 %9.0 %15.0 %13.9 %
ROI2.3 %-7.7 %9.4 %20.3 %18.7 %
Economic value added (EVA)-33.38- 105.4311.8632.8915.34
Solvency
Equity ratio99.4 %99.2 %99.1 %89.9 %77.9 %
Gearing0.2 %0.2 %0.3 %0.5 %0.9 %
Relative net indebtedness %
Liquidity
Quick ratio161.1128.9116.99.94.5
Current ratio161.1128.9116.99.94.5
Cash and cash equivalents572.28384.36305.02268.83195.63
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:16.0%
Rating: 68/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:77.9%
Rating: 58/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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