We Digitize ApS — Credit Rating and Financial Key Figures

CVR number: 30204522
Hyldemorvej 31, 9230 Svenstrup J
service@wedigitize.dk
tel: 70601001
wedigitize.dk

Credit rating

Company information

Official name
We Digitize ApS
Personnel
2 persons
Established
2007
Company form
Private limited company
Industry

About We Digitize ApS

We Digitize ApS (CVR number: 30204522) is a company from AALBORG. The company recorded a gross profit of 5198.6 kDKK in 2023. The operating profit was 1042.9 kDKK, while net earnings were -343 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.3 %, which can be considered weak but Return on Equity (ROE) was -33.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 13.7 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. We Digitize ApS's liquidity measured by quick ratio was 1.1 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit2 512.563 218.854 396.958 386.415 198.65
EBIT658.01793.97954.743 080.951 042.89
Net earnings485.43594.21- 671.20173.90- 343.03
Shareholders equity total1 765.23509.441 022.021 195.92852.89
Balance sheet total (assets)3 486.076 023.5312 148.7711 022.066 246.26
Net debt509.83-1 085.945 078.983 220.29956.99
Profitability
EBIT-%
ROA21.4 %16.7 %-4.8 %9.0 %0.3 %
ROE30.8 %52.2 %-87.7 %15.7 %-33.5 %
ROI27.3 %47.9 %-11.1 %18.1 %0.9 %
Economic value added (EVA)464.83548.51901.132 630.49946.99
Solvency
Equity ratio50.6 %8.5 %8.4 %10.9 %13.7 %
Gearing29.7 %22.4 %498.3 %272.4 %129.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.30.90.61.41.1
Current ratio1.30.90.61.41.1
Cash and cash equivalents15.001 200.2013.2937.30147.65
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBBBBBB

Variable visualization

ROA:0.32%
Rating: 22/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:13.7%
Rating: 13/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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