eightyeight ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About eightyeight ApS
eightyeight ApS (CVR number: 38038079) is a company from ODENSE. The company recorded a gross profit of -2.1 kDKK in 2024. The operating profit was -2.1 kDKK, while net earnings were -60.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -25.8 %, which can be considered poor and Return on Equity (ROE) was -37.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 73 %, 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 4.1 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 429.00 | 262.00 | - 113.49 | ||
Gross profit | 421.00 | 257.00 | - 126.36 | -2.56 | -2.06 |
EBIT | 421.00 | 257.00 | - 126.36 | -2.56 | -2.06 |
Net earnings | 421.00 | 255.00 | - 135.05 | - 204.12 | -60.17 |
Shareholders equity total | 557.00 | 756.00 | 394.06 | 189.94 | 129.77 |
Balance sheet total (assets) | 574.00 | 773.00 | 468.06 | 238.72 | 177.70 |
Net debt | -75.00 | - 312.00 | -92.32 | -95.68 | - 126.73 |
Profitability | |||||
EBIT-% | 98.1 % | 98.1 % | |||
ROA | 107.8 % | 38.2 % | -19.0 % | -56.1 % | -25.8 % |
ROE | 112.7 % | 38.8 % | -23.5 % | -69.9 % | -37.6 % |
ROI | 108.9 % | 38.4 % | -19.2 % | -56.9 % | -26.4 % |
Economic value added (EVA) | 426.58 | 267.10 | - 118.12 | -10.84 | -4.42 |
Solvency | |||||
Equity ratio | 97.0 % | 97.8 % | 84.2 % | 79.6 % | 73.0 % |
Gearing | 2.3 % | 1.7 % | 17.5 % | 23.1 % | 32.9 % |
Relative net indebtedness % | -16.6 % | -117.6 % | 76.9 % | ||
Liquidity | |||||
Quick ratio | 5.2 | 19.1 | 5.9 | 4.9 | 4.1 |
Current ratio | 5.2 | 19.1 | 5.9 | 4.9 | 4.1 |
Cash and cash equivalents | 88.00 | 325.00 | 161.32 | 139.46 | 169.38 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 16.6 % | 117.6 % | -238.7 % | ||
Credit risk | |||||
Credit rating | BB | BBB | BB | BB | B |
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