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SPB Denmark ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About SPB Denmark ApS
SPB Denmark ApS (CVR number: 39620774) is a company from BALLERUP. The company reported a net sales of 38.5 mDKK in 2025, demonstrating a decline of -13.8 % compared to the previous year. The operating profit percentage was at 1.5 % (EBIT: 0.6 mDKK), while net earnings were 83 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.8 %, which can be considered decent but Return on Equity (ROE) was 1.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 27.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. SPB Denmark ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 31.48 | 34.06 | 42.04 | 44.64 | 38.48 |
| Gross profit | 5.72 | 4.82 | 5.05 | 5.22 | 4.14 |
| EBIT | 1.19 | 0.90 | 1.60 | 1.32 | 0.57 |
| Net earnings | 0.74 | 0.53 | 1.11 | 0.66 | 0.08 |
| Shareholders equity total | 3.06 | 3.59 | 4.69 | 5.35 | 5.43 |
| Balance sheet total (assets) | 13.99 | 16.37 | 20.25 | 19.82 | 19.48 |
| Net debt | 1.48 | 3.34 | 7.20 | 4.62 | 1.92 |
| Profitability | |||||
| EBIT-% | 3.8 % | 2.6 % | 3.8 % | 3.0 % | 1.5 % |
| ROA | 6.6 % | 5.9 % | 8.8 % | 6.7 % | 4.8 % |
| ROE | 27.6 % | 15.8 % | 26.7 % | 13.0 % | 1.5 % |
| ROI | 10.5 % | 9.8 % | 13.8 % | 10.5 % | 6.9 % |
| Economic value added (EVA) | 0.26 | 0.28 | 0.74 | 0.34 | -0.18 |
| Solvency | |||||
| Equity ratio | 21.9 % | 21.9 % | 23.2 % | 27.0 % | 27.9 % |
| Gearing | 172.6 % | 180.7 % | 179.4 % | 129.6 % | 173.6 % |
| Relative net indebtedness % | 22.6 % | 28.3 % | 34.1 % | 27.2 % | 17.0 % |
| Liquidity | |||||
| Quick ratio | 1.1 | 1.2 | 1.2 | 1.3 | 1.3 |
| Current ratio | 1.2 | 1.2 | 1.2 | 1.3 | 1.3 |
| Cash and cash equivalents | 3.81 | 3.14 | 1.23 | 2.31 | 7.52 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 95.8 | 119.4 | 117.9 | 133.7 | 105.5 |
| Net working capital % | 5.5 % | 7.2 % | 9.0 % | 10.3 % | 12.7 % |
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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