SOLID SOFTWARE DEVELOPMENT ApS — Credit Rating and Financial Key Figures

CVR number: 30813111
Doravej 5, 9280 Storvorde

Credit rating

Company information

Official name
SOLID SOFTWARE DEVELOPMENT ApS
Personnel
10 persons
Established
2007
Company form
Private limited company
Industry

About SOLID SOFTWARE DEVELOPMENT ApS

SOLID SOFTWARE DEVELOPMENT ApS (CVR number: 30813111) is a company from AALBORG. The company recorded a gross profit of 5987.6 kDKK in 2024. The operating profit was 827.1 kDKK, while net earnings were 642.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 33.3 %, which can be considered excellent and Return on Equity (ROE) was 68 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 41.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. SOLID SOFTWARE DEVELOPMENT ApS's liquidity measured by quick ratio was 1.9 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit2 751.703 072.973 347.064 995.835 987.65
EBIT464.79282.44647.60852.06827.09
Net earnings360.51217.24503.42669.79642.68
Shareholders equity total533.66450.90754.32924.11966.80
Balance sheet total (assets)1 935.441 572.221 786.612 671.862 350.68
Net debt- 685.32- 477.47- 663.38-1 285.49- 566.62
Profitability
EBIT-%
ROA32.7 %16.5 %39.3 %38.9 %33.3 %
ROE102.0 %44.1 %83.5 %79.8 %68.0 %
ROI133.1 %58.7 %75.8 %75.3 %80.7 %
Economic value added (EVA)353.14192.30481.10608.31591.83
Solvency
Equity ratio27.6 %28.7 %42.2 %34.6 %41.1 %
Gearing11.9 %9.9 %9.6 %
Relative net indebtedness %
Liquidity
Quick ratio1.41.43.11.71.9
Current ratio1.41.43.11.71.9
Cash and cash equivalents685.32477.47752.791 376.83659.80
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:33.3%
Rating: 85/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.1%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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