TRUSTWORKS A/S — Credit Rating and Financial Key Figures

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

Credit rating

Company information

Official name
TRUSTWORKS A/S
Personnel
85 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 77.9 mDKK in 2024. The operating profit was 9966 kDKK, while net earnings were 7346.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 34.5 %, which can be considered excellent and Return on Equity (ROE) was 97.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 24.3 %, 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 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

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 profit29 282.7345 545.1156 755.2956 481.3177 922.25
EBIT6 185.5714 144.9314 310.238 825.669 965.96
Net earnings4 751.0810 943.4910 818.516 705.447 346.76
Shareholders equity total5 251.0811 443.4911 318.517 205.447 846.76
Balance sheet total (assets)19 018.4523 436.8623 430.1525 556.3432 238.93
Net debt-8 408.68-3 806.32-6 336.586 073.356 694.16
Profitability
EBIT-%
ROA27.0 %66.6 %61.1 %36.1 %34.5 %
ROE68.1 %131.1 %95.1 %72.4 %97.6 %
ROI87.9 %168.4 %125.1 %71.1 %70.7 %
Economic value added (EVA)4 381.8710 750.1710 558.326 277.537 073.84
Solvency
Equity ratio27.6 %48.8 %48.3 %28.2 %24.3 %
Gearing1.1 %0.4 %0.7 %86.5 %87.9 %
Relative net indebtedness %
Liquidity
Quick ratio1.52.62.81.51.4
Current ratio1.52.62.81.51.4
Cash and cash equivalents8 466.723 853.116 414.33157.59204.35
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:34.5%
Rating: 86/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:24.3%
Rating: 22/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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