New Start 3 ApS — Credit Rating and Financial Key Figures

CVR number: 39155605
Klosterbakken 12, 5000 Odense C

Credit rating

Company information

Official name
New Start 3 ApS
Established
2017
Company form
Private limited company
Industry

About New Start 3 ApS

New Start 3 ApS (CVR number: 39155605K) is a company from ODENSE. The company reported a net sales of 453.3 mDKK in 2023, demonstrating a decline of -2 % compared to the previous year. The operating profit percentage was poor at -3.3 % (EBIT: -14.8 mDKK), while net earnings were -25.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was -7.7 %, which can be considered poor and Return on Equity (ROE) was -36.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -5.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. New Start 3 ApS's liquidity measured by quick ratio was 2.1 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales471.52362.88364.67462.74453.30
Gross profit182.88106.96112.69117.08142.75
EBIT12.02-41.98-34.50-70.98-14.78
Net earnings5.95-43.28-36.30-83.29-25.56
Shareholders equity total24.4231.0319.73-18.78-8.53
Balance sheet total (assets)154.96141.35145.29140.33136.04
Net debt30.3348.93
Profitability
EBIT-%2.5 %-11.6 %-9.5 %-15.3 %-3.3 %
ROA8.2 %-28.3 %-24.1 %-49.3 %-7.7 %
ROE7.5 %-156.1 %-143.0 %-669.7 %-36.2 %
ROI9.8 %-28.3 %-24.1 %-45.8 %-6.6 %
Economic value added (EVA)11.61-43.21-36.06-71.97-9.21
Solvency
Equity ratio100.0 %100.0 %100.0 %-66.1 %-5.1 %
Gearing-215.1 %-582.1 %
Relative net indebtedness %1.5 %5.2 %
Liquidity
Quick ratio8.62.1
Current ratio11.92.8
Cash and cash equivalents10.070.71
Capital use efficiency
Trade debtors turnover (days)13.710.3
Net working capital %12.6 %8.7 %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:-7.66%
Rating: 12/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-5.08%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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