VORES SOL A10 K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORES SOL A10 K/S
VORES SOL A10 K/S (CVR number: 35047816) is a company from GLADSAXE. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a decline of -6.1 % compared to the previous year. The operating profit percentage was at 51.5 % (EBIT: 0.3 mDKK), while net earnings were 230.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.6 %, which can be considered good and Return on Equity (ROE) was 10.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 74.2 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. VORES SOL A10 K/S's liquidity measured by quick ratio was 1.2 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 516.21 | 571.99 | 517.85 | 568.09 | 533.70 |
Gross profit | 484.82 | 534.61 | 484.00 | 529.74 | 490.62 |
EBIT | 268.66 | 318.45 | 267.84 | 313.87 | 274.74 |
Net earnings | 209.72 | 268.45 | 235.30 | 284.54 | 230.19 |
Shareholders equity total | 2 059.29 | 2 027.74 | 2 088.04 | 2 222.59 | 2 242.78 |
Balance sheet total (assets) | 4 035.20 | 3 701.49 | 3 456.89 | 3 355.04 | 3 021.48 |
Net debt | 1 400.36 | 1 223.89 | 953.66 | 562.31 | 342.74 |
Profitability | |||||
EBIT-% | 52.0 % | 55.7 % | 51.7 % | 55.2 % | 51.5 % |
ROA | 6.6 % | 8.2 % | 7.5 % | 9.2 % | 8.6 % |
ROE | 10.7 % | 13.1 % | 11.4 % | 13.2 % | 10.3 % |
ROI | 6.6 % | 8.3 % | 7.5 % | 9.3 % | 8.7 % |
Economic value added (EVA) | 62.66 | 116.98 | 83.04 | 141.10 | 109.20 |
Solvency | |||||
Equity ratio | 51.0 % | 54.8 % | 60.4 % | 66.2 % | 74.2 % |
Gearing | 94.7 % | 81.4 % | 64.7 % | 48.2 % | 33.4 % |
Relative net indebtedness % | 276.3 % | 218.1 % | 187.8 % | 109.7 % | 69.6 % |
Liquidity | |||||
Quick ratio | 1.7 | 1.4 | 1.3 | 1.4 | 1.2 |
Current ratio | 1.7 | 1.4 | 1.3 | 1.4 | 1.2 |
Cash and cash equivalents | 549.64 | 426.11 | 396.34 | 509.53 | 407.26 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 5.5 | 8.8 | 10.6 | 10.2 | 0.4 |
Net working capital % | 44.8 % | 20.3 % | 17.9 % | 25.2 % | 14.8 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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