REEL GLAS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About REEL GLAS ApS
REEL GLAS ApS (CVR number: 10140552) is a company from GREVE. The company recorded a gross profit of 550.8 kDKK in 2023. The operating profit was -16.7 kDKK, while net earnings were -64.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.8 %, which can be considered poor and Return on Equity (ROE) was -4.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 76.4 %, 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. REEL GLAS ApS's liquidity measured by quick ratio was 3.9 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 557.45 | 377.60 | 730.11 | 500.03 | 550.80 |
EBIT | 95.06 | -84.65 | 271.84 | 11.97 | -16.72 |
Net earnings | 331.65 | 59.69 | 384.52 | -13.19 | -64.08 |
Shareholders equity total | 1 283.27 | 1 287.66 | 1 615.67 | 1 545.28 | 1 422.30 |
Balance sheet total (assets) | 1 639.84 | 1 775.42 | 2 032.97 | 2 112.70 | 1 860.87 |
Net debt | - 408.71 | - 531.19 | - 576.46 | - 586.99 | - 361.85 |
Profitability | |||||
EBIT-% | |||||
ROA | 23.2 % | 4.1 % | 22.6 % | 0.5 % | -0.8 % |
ROE | 28.1 % | 4.6 % | 26.5 % | -0.8 % | -4.3 % |
ROI | 29.9 % | 5.0 % | 27.5 % | 0.6 % | -1.1 % |
Economic value added (EVA) | 52.03 | -98.00 | 228.22 | -19.78 | -52.16 |
Solvency | |||||
Equity ratio | 78.3 % | 72.5 % | 79.5 % | 74.6 % | 76.4 % |
Gearing | 1.5 % | 13.4 % | 3.7 % | 3.3 % | 8.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.7 | 3.1 | 4.3 | 3.3 | 3.9 |
Current ratio | 3.7 | 3.1 | 4.3 | 3.1 | 3.9 |
Cash and cash equivalents | 428.53 | 704.37 | 636.53 | 638.11 | 481.62 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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