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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 2024, demonstrating a growth of 5.8 % compared to the previous year. The operating profit percentage was at 19.9 % (EBIT: 0.3 mDKK), while net earnings were 208.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 41.2 %, which can be considered excellent and Return on Equity (ROE) was 67.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 49.1 %, 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 1.8 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 278.80 | 873.63 | 1 192.07 | 1 270.26 | 1 343.58 |
| Gross profit | 97.33 | 619.68 | 1 101.48 | 1 060.63 | 1 064.28 |
| EBIT | - 427.64 | 44.95 | 476.93 | 303.57 | 267.46 |
| Net earnings | - 335.96 | 11.64 | 383.66 | 237.16 | 208.60 |
| Shareholders equity total | 193.08 | 144.72 | 418.38 | 255.54 | 364.14 |
| Balance sheet total (assets) | 370.17 | 349.82 | 747.70 | 564.07 | 741.65 |
| Net debt | - 103.53 | -63.01 | - 464.83 | - 263.99 | - 433.56 |
| Profitability | |||||
| EBIT-% | -153.4 % | 5.1 % | 40.0 % | 23.9 % | 19.9 % |
| ROA | -78.4 % | 12.5 % | 90.1 % | 46.5 % | 41.2 % |
| ROE | -77.9 % | 6.9 % | 136.3 % | 70.4 % | 67.3 % |
| ROI | -98.7 % | 26.2 % | 170.7 % | 86.6 % | 77.5 % |
| Economic value added (EVA) | - 368.18 | 23.97 | 362.82 | 214.36 | 194.07 |
| Solvency | |||||
| Equity ratio | 52.2 % | 41.4 % | 56.0 % | 45.3 % | 49.1 % |
| Gearing | 2.2 % | 0.4 % | 3.8 % | 5.8 % | 16.1 % |
| Relative net indebtedness % | 24.9 % | 16.2 % | -12.7 % | 2.3 % | -8.5 % |
| Liquidity | |||||
| Quick ratio | 1.4 | 1.1 | 2.1 | 1.6 | 1.8 |
| Current ratio | 1.4 | 1.1 | 2.1 | 1.6 | 1.8 |
| Cash and cash equivalents | 107.78 | 63.53 | 480.66 | 278.86 | 492.30 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 67.5 | 28.4 | 64.1 | 46.5 | 52.1 |
| Net working capital % | 27.1 % | 1.8 % | 30.3 % | 15.6 % | 22.8 % |
| Credit risk | |||||
| Credit rating | B | BB | BBB | BBB | BBB |
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