Kvasir Technologies ApS — Credit Rating and Financial Key Figures

CVR number: 39878348
Maskinvej 5, 2860 Søborg
info@kvasirtechnologies.com
tel: 53763666
https://www.kvasirtechnologies.com/

Company information

Official name
Kvasir Technologies ApS
Personnel
21 persons
Established
2018
Company form
Private limited company
Industry

About Kvasir Technologies ApS

Kvasir Technologies ApS (CVR number: 39878348) is a company from GLADSAXE. The company recorded a gross profit of -2581.9 kDKK in 2023. The operating profit was -11.5 mDKK, while net earnings were -9009.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -35.6 %, which can be considered poor and Return on Equity (ROE) was -217 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 15.1 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Kvasir Technologies ApS'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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit571.991 762.8079.29- 742.00-2 581.91
EBIT444.011 620.36-19.23-2 883.18-11 522.11
Net earnings345.261 209.40134.78-2 138.80-9 009.50
Shareholders equity total355.182 464.592 799.37660.577 642.77
Balance sheet total (assets)769.453 371.645 772.4614 047.9850 662.00
Net debt63.62- 103.111 624.631 714.46-4 191.42
Profitability
EBIT-%
ROA113.4 %78.8 %-0.3 %-29.1 %-35.6 %
ROE189.1 %85.8 %5.1 %-123.6 %-217.0 %
ROI144.9 %87.7 %-0.3 %-55.4 %-68.7 %
Economic value added (EVA)347.861 225.30-25.58-2 030.79-8 414.94
Solvency
Equity ratio46.2 %73.1 %48.5 %4.7 %15.1 %
Gearing17.9 %3.5 %69.5 %464.4 %266.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.62.24.50.41.3
Current ratio0.62.24.50.41.3
Cash and cash equivalents188.87319.901 353.1924 576.72
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBBB

Variable visualization

ROA:-35.6%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:15.1%
Rating: 15/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Chief executive officer

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