Improve IT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 4 693.08 | 3 275.30 | |||
Gross profit | 563.67 | 1 693.41 | 953.39 | 142.98 | 37.88 |
EBIT | 126.74 | 894.28 | 254.43 | 104.99 | 32.23 |
Net earnings | 98.23 | 698.26 | 191.99 | 80.02 | 28.46 |
Shareholders equity total | 541.56 | 1 239.83 | 1 431.82 | 1 311.84 | 1 340.30 |
Balance sheet total (assets) | 1 508.87 | 2 091.50 | 2 365.73 | 2 036.25 | 1 918.05 |
Net debt | - 437.79 | - 823.78 | - 937.80 | -1 075.60 | -1 274.75 |
Profitability | |||||
EBIT-% | 2.7 % | 3.2 % | |||
ROA | 10.6 % | 49.7 % | 11.4 % | 4.8 % | 1.6 % |
ROE | 19.9 % | 78.4 % | 14.4 % | 5.8 % | 2.1 % |
ROI | 24.4 % | 100.5 % | 19.0 % | 7.7 % | 2.4 % |
Economic value added (EVA) | 98.23 | 692.18 | 173.79 | 56.85 | 3.22 |
Solvency | |||||
Equity ratio | 35.9 % | 59.3 % | 60.5 % | 64.4 % | 69.9 % |
Gearing | |||||
Relative net indebtedness % | 11.3 % | -10.7 % | |||
Liquidity | |||||
Quick ratio | 1.6 | 3.1 | 2.7 | 2.9 | 3.4 |
Current ratio | 1.6 | 3.1 | 2.7 | 2.9 | 3.4 |
Cash and cash equivalents | 437.79 | 823.78 | 937.80 | 1 075.60 | 1 274.75 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 83.3 | 99.9 | |||
Net working capital % | 11.7 % | 40.7 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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