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eightyeight ApS — Credit Rating and Financial Key Figures

CVR number: 38038079
Hunderupvej 32, 5000 Odense C
simon@busb.org
tel: 22240600
Free credit report Annual report

Company information

Official name
eightyeight ApS
Established
2016
Company form
Private limited company
Industry

About eightyeight ApS

eightyeight ApS (CVR number: 38038079) is a company from ODENSE. The company recorded a gross profit of -2.1 kDKK in 2025. The operating profit was -2.1 kDKK, while net earnings were 1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.8 %, which can be considered decent but Return on Equity (ROE) was 0.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 73.5 %, 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. eightyeight ApS's liquidity measured by quick ratio was 4.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2021
2022
2023
2024
2025
Volume
Net sales262.00- 113.49
Gross profit257.00- 126.36-2.56-2.06-2.15
EBIT257.00- 126.36-2.56-2.06-2.15
Net earnings255.00- 135.05- 204.12-60.170.98
Shareholders equity total756.00394.06189.94129.77130.75
Balance sheet total (assets)773.00468.06238.72177.70177.97
Net debt- 312.00-92.32-95.68- 126.73- 142.95
Profitability
EBIT-%98.1 %
ROA38.2 %-19.0 %-56.1 %-25.8 %5.8 %
ROE38.8 %-23.5 %-69.9 %-37.6 %0.8 %
ROI38.4 %-19.2 %-56.9 %-26.4 %6.1 %
Economic value added (EVA)228.36- 165.00-25.83-13.63-10.34
Solvency
Equity ratio97.8 %84.2 %79.6 %73.0 %73.5 %
Gearing1.7 %17.5 %23.1 %32.9 %26.8 %
Relative net indebtedness %-117.6 %76.9 %
Liquidity
Quick ratio19.15.94.94.14.4
Current ratio19.15.94.94.14.4
Cash and cash equivalents325.00161.32139.46169.38177.97
Capital use efficiency
Trade debtors turnover (days)
Net working capital %117.6 %-238.7 %
Credit risk
Credit ratingAAAABBBBBBA

Variable visualization

ROA:5.78%
Rating: 45/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:73.5%
Rating: 55/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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