VETO ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About VETO ApS
VETO ApS (CVR number: 31187966) is a company from KØBENHAVN. The company reported a net sales of 0.8 mDKK in 2024, demonstrating a growth of 154.9 % compared to the previous year. The operating profit percentage was poor at -3.2 % (EBIT: -0 mDKK), while net earnings were -30.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -15.3 %, which can be considered poor and Return on Equity (ROE) was -18.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 92 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VETO ApS's liquidity measured by quick ratio was 9 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 | 89.43 | 146.01 | 54.14 | 329.64 | 840.12 |
Gross profit | 74.56 | 80.14 | 29.13 | 5.98 | -27.13 |
EBIT | 60.36 | 66.90 | 17.58 | 4.06 | -27.13 |
Net earnings | 45.65 | 50.28 | 12.67 | 4.41 | -30.36 |
Shareholders equity total | 113.67 | 163.95 | 176.62 | 181.04 | 150.67 |
Balance sheet total (assets) | 140.27 | 209.22 | 203.03 | 190.78 | 163.82 |
Net debt | -55.56 | - 135.63 | - 140.02 | - 108.16 | -92.40 |
Profitability | |||||
EBIT-% | 67.5 % | 45.8 % | 32.5 % | 1.2 % | -3.2 % |
ROA | 39.8 % | 38.3 % | 8.5 % | 2.1 % | -15.3 % |
ROE | 34.1 % | 36.2 % | 7.4 % | 2.5 % | -18.3 % |
ROI | 45.1 % | 48.2 % | 10.3 % | 2.3 % | -16.4 % |
Economic value added (EVA) | 39.13 | 46.20 | 5.39 | -4.82 | -38.55 |
Solvency | |||||
Equity ratio | 81.0 % | 78.4 % | 87.0 % | 94.9 % | 92.0 % |
Gearing | |||||
Relative net indebtedness % | -32.4 % | -61.9 % | -209.9 % | -29.9 % | -9.4 % |
Liquidity | |||||
Quick ratio | 2.2 | 3.1 | 5.5 | 14.1 | 9.0 |
Current ratio | 4.3 | 4.3 | 7.6 | 19.6 | 12.5 |
Cash and cash equivalents | 55.56 | 135.63 | 140.02 | 108.16 | 92.40 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 99.1 % | 103.1 % | 322.7 % | 54.9 % | 17.9 % |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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