TB2018 ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TB2018 ApS
TB2018 ApS (CVR number: 39441608) is a company from HEDENSTED. The company reported a net sales of 0.2 mDKK in 2024, demonstrating a growth of 88.5 % compared to the previous year. The operating profit percentage was at 749.9 % (EBIT: 1.5 mDKK), while net earnings were 1282.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 34 %, which can be considered excellent and Return on Equity (ROE) was 38.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 75.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. TB2018 ApS's liquidity measured by quick ratio was 1.7 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 | 433.40 | 323.75 | 1 157.07 | 107.50 | 202.61 |
Gross profit | 423.53 | 358.22 | 1 265.05 | 369.17 | 1 616.90 |
EBIT | 411.97 | 334.52 | 1 240.80 | 308.99 | 1 519.37 |
Net earnings | 414.16 | 314.51 | 1 195.73 | 184.24 | 1 282.07 |
Shareholders equity total | 1 593.22 | 1 814.15 | 2 937.47 | 2 803.04 | 3 862.07 |
Balance sheet total (assets) | 2 491.06 | 2 932.63 | 3 934.52 | 4 891.68 | 5 124.21 |
Net debt | 237.39 | 836.97 | 810.26 | 410.65 | -1 835.51 |
Profitability | |||||
EBIT-% | 95.1 % | 103.3 % | 107.2 % | 287.4 % | 749.9 % |
ROA | 21.1 % | 12.3 % | 36.1 % | 7.0 % | 34.0 % |
ROE | 28.7 % | 18.5 % | 50.3 % | 6.4 % | 38.5 % |
ROI | 25.0 % | 14.0 % | 36.4 % | 8.0 % | 43.9 % |
Economic value added (EVA) | 346.34 | 241.60 | 1 082.29 | 72.16 | 1 046.13 |
Solvency | |||||
Equity ratio | 64.0 % | 61.9 % | 74.7 % | 57.4 % | 75.4 % |
Gearing | 17.9 % | 60.2 % | 33.2 % | 33.6 % | 0.0 % |
Relative net indebtedness % | 196.0 % | 266.9 % | 71.8 % | 1449.2 % | -283.5 % |
Liquidity | |||||
Quick ratio | 0.1 | 1.7 | 2.9 | 0.7 | 1.7 |
Current ratio | 0.1 | 1.7 | 2.9 | 0.7 | 1.7 |
Cash and cash equivalents | 48.50 | 254.48 | 166.36 | 530.69 | 1 836.51 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -194.7 % | 32.4 % | 9.4 % | -266.9 % | 417.4 % |
Credit risk | |||||
Credit rating | A | BBB | A | A | A |
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