Wessel & Vetts Fond — Credit Rating and Financial Key Figures

CVR number: 11692605
Kvæsthusgade 1, 1251 København K
tel: 70202224

Company information

Official name
Wessel & Vetts Fond
Personnel
3 persons
Established
1999
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales42.82
Gross profit- 300.32- 176.34- 102.23- 164.91113.84
EBIT- 800.32- 576.34- 502.23- 614.91- 286.16
Net earnings7 138.6014 356.459 730.476 380.9118 494.08
Shareholders equity total183 196.64195 728.66203 593.37207 522.25223 765.54
Balance sheet total (assets)183 858.39196 294.03204 187.98208 069.79224 223.35
Net debt- 241.66- 153.75- 367.55-1 017.16-1 146.30
Profitability
EBIT-%-1868.9 %
ROA3.9 %7.6 %5.6 %4.0 %7.6 %
ROE3.9 %7.6 %4.9 %3.1 %8.6 %
ROI3.9 %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 ratio99.6 %99.7 %99.7 %99.7 %99.8 %
Gearing0.0 %
Relative net indebtedness %981.0 %
Liquidity
Quick ratio10.513.314.613.316.5
Current ratio10.513.314.613.316.5
Cash and cash equivalents241.66153.75368.051 017.161 146.30
Capital use efficiency
Trade debtors turnover (days)
Net working capital %14610.6 %
Credit risk
Credit ratingAAAAAAAAAA

Variable visualization

ROA:7.61%
Rating: 50/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.8%
Rating: 97/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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