X - SOL DANMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About X - SOL DANMARK ApS
X - SOL DANMARK ApS (CVR number: 34490775) is a company from GRIBSKOV. The company reported a net sales of 3.1 mDKK in 2023, demonstrating a growth of 99 % compared to the previous year. The operating profit percentage was poor at -1.2 % (EBIT: -0 mDKK), while net earnings were -43.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.2 %, which can be considered poor and Return on Equity (ROE) was -10.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 40.9 %, 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. X - SOL DANMARK 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 494.45 | 791.30 | 1 581.00 | 3 145.99 | |
Gross profit | 59.11 | 122.29 | 162.48 | 162.48 | 327.82 |
EBIT | 59.11 | 59.11 | 86.48 | 86.48 | -38.41 |
Net earnings | 40.67 | 40.67 | 62.29 | 62.29 | -43.88 |
Shareholders equity total | 237.98 | 269.30 | 331.59 | 440.41 | 384.41 |
Balance sheet total (assets) | 435.34 | 453.95 | 497.19 | 1 423.25 | 940.35 |
Net debt | -22.83 | -41.45 | - 165.60 | - 977.87 | - 621.70 |
Profitability | |||||
EBIT-% | 12.0 % | 7.5 % | 5.5 % | -1.2 % | |
ROA | 18.7 % | 13.3 % | 18.2 % | 9.0 % | -3.2 % |
ROE | 18.7 % | 16.0 % | 20.7 % | 16.1 % | -10.6 % |
ROI | 27.2 % | 23.3 % | 28.8 % | 22.4 % | -9.3 % |
Economic value added (EVA) | 47.40 | 43.64 | 63.94 | 59.10 | 9.70 |
Solvency | |||||
Equity ratio | 54.7 % | 59.3 % | 66.7 % | 30.9 % | 40.9 % |
Gearing | |||||
Relative net indebtedness % | 35.3 % | 18.1 % | 0.3 % | -2.1 % | |
Liquidity | |||||
Quick ratio | 0.1 | 2.0 | 2.4 | 1.3 | 1.7 |
Current ratio | 2.2 | 2.5 | 3.0 | 1.4 | 1.7 |
Cash and cash equivalents | 22.83 | 41.45 | 165.60 | 977.87 | 621.70 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 48.1 % | 34.0 % | 27.9 % | 12.2 % | |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | B |
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