RED connect ApS — Credit Rating and Financial Key Figures

CVR number: 37698253
Bernstorffsvej 63 A, 2900 Hellerup
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 GENTOFTE. The company recorded a gross profit of 79.2 kDKK in 2023. The operating profit was 79.2 kDKK, while net earnings were 58.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19.5 %, which can be considered excellent and Return on Equity (ROE) was 15 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 89.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. RED connect ApS's liquidity measured by quick ratio was 9.9 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 profit1 092.198.86-65.2042.6579.24
EBIT456.198.86-65.2042.6579.24
Net earnings349.759.39-58.3051.3158.57
Shareholders equity total789.93799.32611.02532.33246.65
Balance sheet total (assets)891.85804.31615.79536.92274.25
Net debt- 699.63- 570.94- 383.02- 303.68- 262.51
Profitability
EBIT-%
ROA56.9 %2.2 %-7.7 %9.3 %19.5 %
ROE52.3 %1.2 %-8.3 %9.0 %15.0 %
ROI68.0 %2.3 %-7.7 %9.4 %20.3 %
Economic value added (EVA)350.091.91-76.6131.2448.29
Solvency
Equity ratio88.6 %99.4 %99.2 %99.1 %89.9 %
Gearing0.2 %0.2 %0.2 %0.3 %0.5 %
Relative net indebtedness %
Liquidity
Quick ratio8.8161.1128.9116.99.9
Current ratio8.8161.1128.9116.99.9
Cash and cash equivalents700.97572.28384.36305.02263.85
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:19.5%
Rating: 73/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:89.9%
Rating: 70/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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