Starup Holding ApS — Credit Rating and Financial Key Figures

CVR number: 40833420
Bakkegårds Alle 36, Bramdrupdam 6000 Kolding

Company information

Official name
Starup Holding ApS
Established
2019
Domicile
Bramdrupdam
Company form
Private limited company
Industry

About Starup Holding ApS

Starup Holding ApS (CVR number: 40833420) is a company from KOLDING. The company reported a net sales of 1.3 mDKK in 2023, demonstrating a growth of -650.9 % compared to the previous year. The operating profit percentage was at 99.1 % (EBIT: 1.2 mDKK), while net earnings were 1249.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12.9 %, which can be considered good and Return on Equity (ROE) was 14.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 88.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Starup Holding ApS's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 576.00510.003 222.00- 228.001 256.04
Gross profit1 571.00504.003 215.00- 240.001 245.29
EBIT1 571.00504.003 215.00- 240.001 245.29
Net earnings1 572.00499.003 216.00- 276.001 249.42
Shareholders equity total10 649.009 648.0011 864.008 589.008 337.86
Balance sheet total (assets)10 769.009 740.0012 779.009 991.009 457.88
Net debt-9.00-4.00-14.001 074.41
Profitability
EBIT-%99.7 %98.8 %99.8 %99.1 %
ROA14.6 %4.9 %28.6 %-2.0 %12.9 %
ROE14.8 %4.9 %29.9 %-2.7 %14.8 %
ROI14.8 %5.0 %29.9 %-2.2 %13.9 %
Economic value added (EVA)1 572.00509.033 217.45- 239.081 248.34
Solvency
Equity ratio98.9 %99.1 %92.8 %86.0 %88.2 %
Gearing0.0 %13.4 %
Relative net indebtedness %7.6 %15.5 %28.3 %-608.8 %85.9 %
Liquidity
Quick ratio1.01.11.01.01.0
Current ratio1.01.11.01.01.0
Cash and cash equivalents13.004.0014.0040.61
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-0.3 %1.0 %0.6 %3.1 %0.6 %
Credit risk
Credit ratingAAAABBBA

Variable visualization

ROA:12.9%
Rating: 63/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:88.2%
Rating: 68/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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