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
Free credit report Annual report

Company information

Official name
By Cortsen Aps
Personnel
22 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 3473.6 kDKK in 2024. The operating profit was -2975.2 kDKK, while net earnings were -2367.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -39.4 %, which can be considered poor and Return on Equity (ROE) was -190.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 0.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. By Cortsen Aps's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales2 204.21
Gross profit1 291.701 566.861 784.534 366.853 473.59
EBIT609.19318.3353.9117.97-2 975.21
Net earnings468.33221.5330.7852.85-2 367.06
Shareholders equity total518.33339.862 370.802 423.6656.60
Balance sheet total (assets)1 344.411 036.932 842.104 042.2611 047.31
Net debt-1 247.34- 657.76-1 767.12-1 584.038 741.88
Profitability
EBIT-%27.6 %
ROA45.3 %26.7 %2.8 %0.5 %-39.4 %
ROE90.4 %51.6 %2.3 %2.2 %-190.9 %
ROI113.7 %70.7 %3.9 %0.8 %-52.9 %
Economic value added (EVA)474.45215.3022.73- 106.37-2 462.03
Solvency
Equity ratio38.6 %32.8 %83.4 %60.0 %0.5 %
Gearing3.4 %7.2 %15485.8 %
Relative net indebtedness %-19.9 %
Liquidity
Quick ratio1.61.34.51.50.1
Current ratio1.61.45.01.90.2
Cash and cash equivalents1 264.81682.351 767.121 584.0322.95
Capital use efficiency
Trade debtors turnover (days)8.3
Net working capital %23.5 %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:-39.4%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:0.51%
Rating: 1/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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