Westergaard.io ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Westergaard.io ApS
Westergaard.io ApS (CVR number: 36732199) is a company from KØBENHAVN. The company reported a net sales of 1.3 mDKK in 2023, demonstrating a growth of 6.6 % compared to the previous year. The operating profit percentage was at 23.9 % (EBIT: 0.3 mDKK), while net earnings were 237.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 46.5 %, which can be considered excellent and Return on Equity (ROE) was 70.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 45.3 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Westergaard.io ApS's liquidity measured by quick ratio was 1.6 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 278.80 | 873.63 | 1 192.07 | 1 270.26 | |
Gross profit | 105.29 | 97.33 | 619.68 | 1 101.48 | 1 060.63 |
EBIT | 49.40 | - 427.64 | 44.95 | 476.93 | 303.57 |
Net earnings | 753.10 | - 335.96 | 11.64 | 383.66 | 237.16 |
Shareholders equity total | 669.04 | 193.08 | 144.72 | 418.38 | 255.54 |
Balance sheet total (assets) | 720.72 | 370.17 | 349.82 | 747.70 | 564.07 |
Net debt | - 552.42 | - 103.53 | -63.01 | - 464.83 | - 263.99 |
Profitability | |||||
EBIT-% | -153.4 % | 5.1 % | 40.0 % | 23.9 % | |
ROA | 129.8 % | -78.4 % | 12.5 % | 90.1 % | 46.5 % |
ROE | 166.7 % | -77.9 % | 6.9 % | 136.3 % | 70.4 % |
ROI | 169.4 % | -98.7 % | 26.2 % | 170.7 % | 86.6 % |
Economic value added (EVA) | 38.70 | - 337.91 | 32.11 | 366.04 | 241.32 |
Solvency | |||||
Equity ratio | 92.8 % | 52.2 % | 41.4 % | 56.0 % | 45.3 % |
Gearing | 2.2 % | 0.4 % | 3.8 % | 5.8 % | |
Relative net indebtedness % | 24.9 % | 16.2 % | -12.7 % | 2.3 % | |
Liquidity | |||||
Quick ratio | 10.8 | 1.4 | 1.1 | 2.1 | 1.6 |
Current ratio | 10.8 | 1.4 | 1.1 | 2.1 | 1.6 |
Cash and cash equivalents | 552.42 | 107.78 | 63.53 | 480.66 | 278.86 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 67.5 | 28.4 | 64.1 | 46.5 | |
Net working capital % | 27.1 % | 1.8 % | 30.3 % | 15.6 % | |
Credit risk | |||||
Credit rating | BBB | BB | BBB | BBB | BBB |
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