WECO A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About WECO A/S
WECO A/S (CVR number: 29622868K) is a company from HØRSHOLM. The company reported a net sales of 3905.2 mDKK in 2024, demonstrating a growth of 6.1 % compared to the previous year. The operating profit percentage was at 7 % (EBIT: 271.6 mDKK), while net earnings were 383.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.8 %, which can be considered good but Return on Equity (ROE) was 18.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 87 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. WECO A/S's liquidity measured by quick ratio was 5.1 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 210.55 | 2 445.05 | 4 791.65 | 3 681.26 | 3 905.21 |
Gross profit | 1 210.55 | 2 445.05 | 4 791.65 | 550.71 | 361.61 |
EBIT | -78.19 | 412.26 | 984.05 | 454.00 | 271.59 |
Net earnings | 302.98 | - 448.34 | 776.78 | 702.35 | 383.55 |
Shareholders equity total | 2 296.44 | 1 660.79 | 2 239.14 | 2 545.01 | 2 775.53 |
Balance sheet total (assets) | 2 894.13 | 2 391.68 | 2 829.93 | 3 032.49 | 3 189.59 |
Net debt | -1 014.09 | -1 229.68 | |||
Profitability | |||||
EBIT-% | -6.5 % | 16.9 % | 20.5 % | 12.3 % | 7.0 % |
ROA | -2.8 % | 15.6 % | 37.7 % | 24.6 % | 12.8 % |
ROE | 13.9 % | -22.7 % | 39.8 % | 33.0 % | 18.6 % |
ROI | -2.8 % | 15.6 % | 37.7 % | 26.3 % | 14.5 % |
Economic value added (EVA) | - 182.11 | 296.86 | 900.59 | 336.43 | 201.26 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 83.9 % | 87.0 % |
Gearing | 0.8 % | 1.7 % | |||
Relative net indebtedness % | -15.4 % | -22.9 % | |||
Liquidity | |||||
Quick ratio | 4.4 | 5.1 | |||
Current ratio | 4.6 | 5.3 | |||
Cash and cash equivalents | 1 033.34 | 1 277.75 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 26.1 | 17.3 | |||
Net working capital % | 30.7 % | 33.0 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AA | AA |
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