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Better Energy Holding A/S — Credit Rating and Financial Key Figures

CVR number: 31865883
Gammel Kongevej 60, 1850 Frederiksberg C

Company information

Official name
Better Energy Holding A/S
Personnel
2 persons
Established
2014
Company form
Limited company
Industry

About Better Energy Holding A/S

Better Energy Holding A/S (CVR number: 31865883K) is a company from FREDERIKSBERG. The company reported a net sales of 78 mDKK in 2024, demonstrating a decline of -96.9 % compared to the previous year. The operating profit percentage was poor at -1084.2 % (EBIT: -846.1 mDKK), while net earnings were -2649.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was -4.6 %, which can be considered poor and Return on Equity (ROE) was -126.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -31.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Better Energy Holding A/S's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales1 066.051 550.542 864.172 501.1178.04
Gross profit192.22212.06560.781 006.15- 218.34
EBIT149.23157.45453.27707.15- 846.06
Net earnings19.6932.49114.02148.80-2 649.51
Shareholders equity total381.87378.531 053.771 242.57-1 364.50
Balance sheet total (assets)884.061 898.473 028.154 432.052 946.47
Net debt417.38-1 081.331 730.082 412.35
Profitability
EBIT-%14.0 %10.2 %15.8 %28.3 %-1084.2 %
ROA16.9 %4.0 %18.4 %8.3 %-4.6 %
ROE5.2 %8.6 %16.0 %13.0 %-126.7 %
ROI16.9 %4.8 %20.4 %9.5 %-58.9 %
Economic value added (EVA)130.61130.27382.36603.85-1 083.93
Solvency
Equity ratio100.0 %19.9 %100.0 %28.0 %-31.7 %
Gearing272.0 %182.1 %-182.7 %
Relative net indebtedness %58.3 %-37.8 %106.4 %4780.6 %
Liquidity
Quick ratio3.01.20.2
Current ratio3.62.20.4
Cash and cash equivalents612.241 081.33532.1681.05
Capital use efficiency
Trade debtors turnover (days)6.31.610.9
Net working capital %83.5 %82.6 %63.4 %-2447.8 %
Credit risk
Credit ratingBBBAABBBAAB

Variable visualization

ROA:-4.59%
Rating: 15/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-31.7%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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