VORES SOL A1 K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORES SOL A1 K/S
VORES SOL A1 K/S (CVR number: 35047700) is a company from GLADSAXE. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a decline of -6.5 % compared to the previous year. The operating profit percentage was at 52.9 % (EBIT: 0.3 mDKK), while net earnings were 240.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good and Return on Equity (ROE) was 10.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 74.4 %, 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. VORES SOL A1 K/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 513.57 | 574.24 | 521.66 | 576.37 | 538.72 |
Gross profit | 480.75 | 535.58 | 483.25 | 541.45 | 501.07 |
EBIT | 264.59 | 319.42 | 267.08 | 325.58 | 285.19 |
Net earnings | 205.64 | 269.34 | 234.52 | 296.24 | 240.65 |
Shareholders equity total | 2 067.35 | 2 036.69 | 2 086.22 | 2 237.45 | 2 248.10 |
Balance sheet total (assets) | 4 042.90 | 3 710.29 | 3 460.88 | 3 368.26 | 3 023.63 |
Net debt | 1 389.87 | 1 213.99 | 950.91 | 533.38 | 343.42 |
Profitability | |||||
EBIT-% | 51.5 % | 55.6 % | 51.2 % | 56.5 % | 52.9 % |
ROA | 6.5 % | 8.2 % | 7.4 % | 9.5 % | 8.9 % |
ROE | 10.5 % | 13.1 % | 11.4 % | 13.7 % | 10.7 % |
ROI | 6.5 % | 8.3 % | 7.5 % | 9.7 % | 9.1 % |
Economic value added (EVA) | 57.98 | 117.55 | 81.83 | 152.91 | 120.00 |
Solvency | |||||
Equity ratio | 51.1 % | 54.9 % | 60.3 % | 66.4 % | 74.4 % |
Gearing | 94.3 % | 81.0 % | 64.7 % | 46.9 % | 33.4 % |
Relative net indebtedness % | 275.6 % | 215.5 % | 187.0 % | 106.6 % | 68.5 % |
Liquidity | |||||
Quick ratio | 1.7 | 1.4 | 1.3 | 1.4 | 1.3 |
Current ratio | 1.7 | 1.4 | 1.3 | 1.4 | 1.3 |
Cash and cash equivalents | 560.13 | 436.01 | 399.09 | 516.62 | 406.58 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 3.5 | 8.1 | 10.7 | 14.0 | 2.3 |
Net working capital % | 46.6 % | 21.8 % | 17.4 % | 27.4 % | 15.7 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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