Improve IT ApS — Credit Rating and Financial Key Figures

CVR number: 39195526
C.F. Aagaards Vej 6, 8270 Højbjerg
improve.it.aps@gmail.com
tel: 20815010

Credit rating

Company information

Official name
Improve IT ApS
Personnel
1 person
Established
2017
Company form
Private limited company
Industry

About Improve IT ApS

Improve IT ApS (CVR number: 39195526) is a company from AARHUS. The company recorded a gross profit of 37.9 kDKK in 2024, demonstrating a decline of -73.5 % compared to the previous year. The operating profit was 32.2 kDKK, while net earnings were 28.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.6 %, which can be considered weak and Return on Equity (ROE) was 2.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 69.9 %, 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. Improve IT ApS's liquidity measured by quick ratio was 3.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales4 693.083 275.30
Gross profit563.671 693.41953.39142.9837.88
EBIT126.74894.28254.43104.9932.23
Net earnings98.23698.26191.9980.0228.46
Shareholders equity total541.561 239.831 431.821 311.841 340.30
Balance sheet total (assets)1 508.872 091.502 365.732 036.251 918.05
Net debt- 437.79- 823.78- 937.80-1 075.60-1 274.75
Profitability
EBIT-%2.7 %3.2 %
ROA10.6 %49.7 %11.4 %4.8 %1.6 %
ROE19.9 %78.4 %14.4 %5.8 %2.1 %
ROI24.4 %100.5 %19.0 %7.7 %2.4 %
Economic value added (EVA)98.23692.18173.7956.853.22
Solvency
Equity ratio35.9 %59.3 %60.5 %64.4 %69.9 %
Gearing
Relative net indebtedness %11.3 %-10.7 %
Liquidity
Quick ratio1.63.12.72.93.4
Current ratio1.63.12.72.93.4
Cash and cash equivalents437.79823.78937.801 075.601 274.75
Capital use efficiency
Trade debtors turnover (days)83.399.9
Net working capital %11.7 %40.7 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:1.63%
Rating: 28/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:69.9%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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