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Korup IT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Korup IT ApS
Korup IT ApS (CVR number: 39977818) is a company from ODENSE. The company reported a net sales of 1.4 mDKK in 2025, demonstrating a growth of 20.6 % compared to the previous year. The operating profit percentage was at 7.8 % (EBIT: 0.1 mDKK), while net earnings were 82.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 23.3 %, which can be considered excellent and Return on Equity (ROE) was 27 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 71 %, 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. Korup IT ApS's liquidity measured by quick ratio was 3.5 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 792.97 | 739.04 | 1 142.21 | 1 151.40 | 1 388.76 |
| Gross profit | 725.74 | 650.61 | 949.56 | 895.74 | 972.10 |
| EBIT | 17.38 | 53.94 | 50.01 | 77.41 | 108.95 |
| Net earnings | 11.82 | 39.95 | 38.03 | 59.15 | 82.88 |
| Shareholders equity total | 161.55 | 201.51 | 209.53 | 268.69 | 346.18 |
| Balance sheet total (assets) | 302.54 | 316.77 | 357.72 | 447.86 | 487.37 |
| Net debt | - 242.69 | - 245.12 | - 302.71 | - 342.05 | - 376.37 |
| Profitability | |||||
| EBIT-% | 2.2 % | 7.3 % | 4.4 % | 6.7 % | 7.8 % |
| ROA | 5.7 % | 17.4 % | 14.8 % | 19.2 % | 23.3 % |
| ROE | 7.6 % | 22.0 % | 18.5 % | 24.7 % | 27.0 % |
| ROI | 11.2 % | 29.7 % | 24.3 % | 32.4 % | 35.4 % |
| Economic value added (EVA) | 6.04 | 33.89 | 28.86 | 49.54 | 71.28 |
| Solvency | |||||
| Equity ratio | 53.4 % | 63.6 % | 58.6 % | 60.0 % | 71.0 % |
| Gearing | |||||
| Relative net indebtedness % | -12.8 % | -17.6 % | -13.5 % | -14.1 % | -16.9 % |
| Liquidity | |||||
| Quick ratio | 2.1 | 2.7 | 2.4 | 2.5 | 3.5 |
| Current ratio | 2.1 | 2.7 | 2.4 | 2.5 | 3.5 |
| Cash and cash equivalents | 242.69 | 245.12 | 302.71 | 342.05 | 376.37 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 24.4 | 35.4 | 17.6 | 33.5 | 29.2 |
| Net working capital % | 20.4 % | 27.3 % | 18.3 % | 23.3 % | 24.9 % |
| Credit risk | |||||
| Credit rating | A | A | A | A | A |
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