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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 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 262.00 | - 113.49 | |||
| Gross profit | 257.00 | - 126.36 | -2.56 | -2.06 | -2.15 |
| EBIT | 257.00 | - 126.36 | -2.56 | -2.06 | -2.15 |
| Net earnings | 255.00 | - 135.05 | - 204.12 | -60.17 | 0.98 |
| Shareholders equity total | 756.00 | 394.06 | 189.94 | 129.77 | 130.75 |
| Balance sheet total (assets) | 773.00 | 468.06 | 238.72 | 177.70 | 177.97 |
| Net debt | - 312.00 | -92.32 | -95.68 | - 126.73 | - 142.95 |
| Profitability | |||||
| EBIT-% | 98.1 % | ||||
| ROA | 38.2 % | -19.0 % | -56.1 % | -25.8 % | 5.8 % |
| ROE | 38.8 % | -23.5 % | -69.9 % | -37.6 % | 0.8 % |
| ROI | 38.4 % | -19.2 % | -56.9 % | -26.4 % | 6.1 % |
| Economic value added (EVA) | 228.36 | - 165.00 | -25.83 | -13.63 | -10.34 |
| Solvency | |||||
| Equity ratio | 97.8 % | 84.2 % | 79.6 % | 73.0 % | 73.5 % |
| Gearing | 1.7 % | 17.5 % | 23.1 % | 32.9 % | 26.8 % |
| Relative net indebtedness % | -117.6 % | 76.9 % | |||
| Liquidity | |||||
| Quick ratio | 19.1 | 5.9 | 4.9 | 4.1 | 4.4 |
| Current ratio | 19.1 | 5.9 | 4.9 | 4.1 | 4.4 |
| Cash and cash equivalents | 325.00 | 161.32 | 139.46 | 169.38 | 177.97 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | 117.6 % | -238.7 % | |||
| Credit risk | |||||
| Credit rating | AAA | A | BBB | BBB | A |
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