By Cortsen Aps — Credit Rating and Financial Key Figures

CVR number: 41173939
Jernholmen 45 M, 2650 Hvidovre
contact@bycortsen.com
tel: 71741577
https://bycortsen.com/da

Credit rating

Company information

Official name
By Cortsen Aps
Personnel
23 persons
Established
2020
Company form
Private limited company
Industry

About By Cortsen Aps

By Cortsen Aps (CVR number: 41173939) is a company from HVIDOVRE. The company recorded a gross profit of 4366.8 kDKK in 2023. The operating profit was 18 kDKK, while net earnings were 52.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.5 %, which can be considered weak and Return on Equity (ROE) was 2.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 60 %, 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. By Cortsen Aps'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
2020
2021
2022
2023
Volume
Net sales2 204.21
Gross profit1 291.701 566.861 784.534 366.85
EBIT609.19318.3353.9117.97
Net earnings468.33221.5330.7852.85
Shareholders equity total518.33339.862 370.802 423.66
Balance sheet total (assets)1 344.411 036.932 842.104 042.26
Net debt-1 247.34- 657.76-1 767.12-1 584.03
Profitability
EBIT-%27.6 %
ROA45.3 %26.7 %2.8 %0.5 %
ROE90.4 %51.6 %2.3 %2.2 %
ROI113.7 %70.7 %3.9 %0.8 %
Economic value added (EVA)474.45279.7458.26-17.58
Solvency
Equity ratio38.6 %32.8 %83.4 %60.0 %
Gearing3.4 %7.2 %
Relative net indebtedness %-19.9 %
Liquidity
Quick ratio1.61.34.51.5
Current ratio1.61.45.01.9
Cash and cash equivalents1 264.81682.351 767.121 584.03
Capital use efficiency
Trade debtors turnover (days)8.3
Net working capital %23.5 %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:0.52%
Rating: 23/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:60.0%
Rating: 46/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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