TRUSTWORKS A/S — Credit Rating and Financial Key Figures

CVR number: 35648941
Pustervig 3, 1126 København K
hello@trustworks.dk
www.trustworks.dk

Credit rating

Company information

Official name
TRUSTWORKS A/S
Personnel
89 persons
Established
2014
Company form
Limited company
Industry

About TRUSTWORKS A/S

TRUSTWORKS A/S (CVR number: 35648941) is a company from KØBENHAVN. The company recorded a gross profit of 56.5 mDKK in 2023. The operating profit was 8825.7 kDKK, while net earnings were 6705.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 36.1 %, which can be considered excellent and Return on Equity (ROE) was 72.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 28.2 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. TRUSTWORKS A/S's liquidity measured by quick ratio was 1.5 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit34 514.6729 282.7345 545.1156 755.2956 481.31
EBIT10 513.136 185.5714 144.9314 310.238 825.66
Net earnings8 199.104 751.0810 943.4910 818.516 705.44
Shareholders equity total8 699.105 251.0811 443.4911 318.517 205.44
Balance sheet total (assets)26 802.5219 018.4523 436.8623 430.1525 556.34
Net debt-17 569.19-8 408.68-3 806.32-6 336.586 073.35
Profitability
EBIT-%
ROA47.9 %27.0 %66.6 %61.1 %36.1 %
ROE106.6 %68.1 %131.1 %95.1 %72.4 %
ROI117.4 %87.9 %168.4 %125.1 %71.1 %
Economic value added (EVA)8 222.335 270.5611 178.5410 754.296 603.76
Solvency
Equity ratio32.5 %27.6 %48.8 %48.3 %28.2 %
Gearing0.7 %1.1 %0.4 %0.7 %86.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.61.52.62.81.5
Current ratio1.61.52.62.81.5
Cash and cash equivalents17 627.248 466.723 853.116 414.33157.59
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:36.1%
Rating: 87/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:28.2%
Rating: 25/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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