Wessel & Vetts Fond — Credit Rating and Financial Key Figures
Credit rating
Company information
About Wessel & Vetts Fond
Wessel & Vetts Fond (CVR number: 11692605) is a company from KØBENHAVN. The company recorded a gross profit of 113.8 kDKK in 2023. The operating profit was -286.2 kDKK, while net earnings were 18.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.6 %, which can be considered decent but Return on Equity (ROE) was 8.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 99.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Wessel & Vetts Fond's liquidity measured by quick ratio was 16.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 42.82 | ||||
Gross profit | - 300.32 | - 176.34 | - 102.23 | - 164.91 | 113.84 |
EBIT | - 800.32 | - 576.34 | - 502.23 | - 614.91 | - 286.16 |
Net earnings | 7 138.60 | 14 356.45 | 9 730.47 | 6 380.91 | 18 494.08 |
Shareholders equity total | 183 196.64 | 195 728.66 | 203 593.37 | 207 522.25 | 223 765.54 |
Balance sheet total (assets) | 183 858.39 | 196 294.03 | 204 187.98 | 208 069.79 | 224 223.35 |
Net debt | - 241.66 | - 153.75 | - 367.55 | -1 017.16 | -1 146.30 |
Profitability | |||||
EBIT-% | -1868.9 % | ||||
ROA | 3.9 % | 7.6 % | 5.6 % | 4.0 % | 7.6 % |
ROE | 3.9 % | 7.6 % | 4.9 % | 3.1 % | 8.6 % |
ROI | 3.9 % | 7.6 % | 5.6 % | 4.0 % | 7.6 % |
Economic value added (EVA) | - 973.50 | - 702.71 | - 667.23 | -2 910.60 | -2 605.97 |
Solvency | |||||
Equity ratio | 99.6 % | 99.7 % | 99.7 % | 99.7 % | 99.8 % |
Gearing | 0.0 % | ||||
Relative net indebtedness % | 981.0 % | ||||
Liquidity | |||||
Quick ratio | 10.5 | 13.3 | 14.6 | 13.3 | 16.5 |
Current ratio | 10.5 | 13.3 | 14.6 | 13.3 | 16.5 |
Cash and cash equivalents | 241.66 | 153.75 | 368.05 | 1 017.16 | 1 146.30 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 14610.6 % | ||||
Credit risk | |||||
Credit rating | AA | AA | AA | AA | AA |
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