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TrueTech ApS — Credit Rating and Financial Key Figures

CVR number: 33576668
Rosenørns Alle 31, 1970 Frederiksberg C
info@truetech.dk
tel: 71965050
http://www.truetech.dk
Free credit report Annual report

Credit rating

Company information

Official name
TrueTech ApS
Personnel
2 persons
Established
2011
Company form
Private limited company
Industry

About TrueTech ApS

TrueTech ApS (CVR number: 33576668) is a company from FREDERIKSBERG. The company recorded a gross profit of 587.6 kDKK in 2024. The operating profit was -25.2 kDKK, while net earnings were 121.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.6 %, which can be considered poor but Return on Equity (ROE) was 22.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 59.4 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. TrueTech ApS's liquidity measured by quick ratio was 2 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit538.231 126.50416.94614.04587.65
EBIT- 750.61119.1555.07- 101.76-25.15
Net earnings- 753.28136.27-89.80- 528.89121.83
Shareholders equity total964.851 101.121 011.32482.44604.27
Balance sheet total (assets)1 503.491 529.471 353.18950.701 016.90
Net debt- 441.13- 348.95- 356.99-90.08-77.37
Profitability
EBIT-%
ROA-39.9 %7.9 %3.8 %-8.8 %-2.6 %
ROE-56.2 %13.2 %-8.5 %-70.8 %22.4 %
ROI-55.9 %11.5 %5.1 %-11.9 %-3.7 %
Economic value added (EVA)- 837.0090.49-16.28- 151.20-50.27
Solvency
Equity ratio64.2 %72.0 %74.7 %50.7 %59.4 %
Gearing0.1 %0.1 %0.1 %27.2 %15.6 %
Relative net indebtedness %
Liquidity
Quick ratio2.72.83.81.72.0
Current ratio2.72.83.81.72.0
Cash and cash equivalents442.20350.02358.06221.28171.91
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:-2.56%
Rating: 17/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:59.4%
Rating: 46/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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