eightyeight ApS — Credit Rating and Financial Key Figures

CVR number: 38038079
Ryttergade 12, 5000 Odense C
simon@busb.org
tel: 22240600
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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 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales429.00262.00- 113.49
Gross profit421.00257.00- 126.36-2.56-2.06
EBIT421.00257.00- 126.36-2.56-2.06
Net earnings421.00255.00- 135.05- 204.12-60.17
Shareholders equity total557.00756.00394.06189.94129.77
Balance sheet total (assets)574.00773.00468.06238.72177.70
Net debt-75.00- 312.00-92.32-95.68- 126.73
Profitability
EBIT-%98.1 %98.1 %
ROA107.8 %38.2 %-19.0 %-56.1 %-25.8 %
ROE112.7 %38.8 %-23.5 %-69.9 %-37.6 %
ROI108.9 %38.4 %-19.2 %-56.9 %-26.4 %
Economic value added (EVA)426.58267.10- 118.12-10.84-4.42
Solvency
Equity ratio97.0 %97.8 %84.2 %79.6 %73.0 %
Gearing2.3 %1.7 %17.5 %23.1 %32.9 %
Relative net indebtedness %-16.6 %-117.6 %76.9 %
Liquidity
Quick ratio5.219.15.94.94.1
Current ratio5.219.15.94.94.1
Cash and cash equivalents88.00325.00161.32139.46169.38
Capital use efficiency
Trade debtors turnover (days)
Net working capital %16.6 %117.6 %-238.7 %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:-25.8%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:73.0%
Rating: 55/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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