EURO CONNECTIONS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About EURO CONNECTIONS ApS
EURO CONNECTIONS ApS (CVR number: 27918670) is a company from FREDERIKSBERG. The company recorded a gross profit of 548 kDKK in 2023. The operating profit was 35.9 kDKK, while net earnings were -20.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.2 %, which can be considered weak but Return on Equity (ROE) was -2.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 26.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. EURO CONNECTIONS ApS's liquidity measured by quick ratio was 1.4 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 759.57 | 325.63 | 273.43 | 242.55 | 548.03 |
EBIT | 919.40 | - 619.78 | - 498.21 | - 511.46 | 35.91 |
Net earnings | 892.91 | - 786.85 | - 689.17 | - 626.49 | -20.39 |
Shareholders equity total | 3 879.17 | 2 092.33 | 1 403.16 | 776.67 | 756.28 |
Balance sheet total (assets) | 6 370.63 | 3 947.75 | 4 418.63 | 3 833.57 | 2 869.40 |
Net debt | -2 108.77 | 372.90 | 2 005.10 | 1 582.33 | -1 018.39 |
Profitability | |||||
EBIT-% | |||||
ROA | 16.1 % | -12.0 % | -11.9 % | -12.4 % | 1.2 % |
ROE | 24.2 % | -26.4 % | -39.4 % | -57.5 % | -2.7 % |
ROI | 18.0 % | -13.4 % | -12.6 % | -12.9 % | 1.3 % |
Economic value added (EVA) | 826.42 | - 700.92 | - 627.34 | - 540.51 | 62.20 |
Solvency | |||||
Equity ratio | 60.9 % | 53.1 % | 31.8 % | 20.3 % | 26.4 % |
Gearing | 43.0 % | 74.0 % | 201.7 % | 371.1 % | 240.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.0 | 0.8 | 0.6 | 0.4 | 1.4 |
Current ratio | 3.0 | 0.7 | 0.6 | 0.4 | 1.4 |
Cash and cash equivalents | 3 777.13 | 1 176.36 | 825.08 | 1 299.86 | 2 839.84 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | BBB | BBB | BBB | BB |
Variable visualization
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