VETECH SOFTWARE SOLUTIONS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About VETECH SOFTWARE SOLUTIONS ApS
VETECH SOFTWARE SOLUTIONS ApS (CVR number: 28692811) is a company from ESBJERG. The company recorded a gross profit of 3831.8 kDKK in 2024. The operating profit was -115.8 kDKK, while net earnings were -108.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -9.1 %, which can be considered poor and Return on Equity (ROE) was -25.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 32.8 %, 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. VETECH SOFTWARE SOLUTIONS ApS's liquidity measured by quick ratio was 1.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 532.97 | 4 327.95 | 4 116.13 | 2 942.28 | 3 831.84 |
EBIT | 413.88 | 751.36 | 495.29 | - 404.27 | - 115.80 |
Net earnings | 321.01 | 578.00 | 380.27 | - 337.67 | - 108.62 |
Shareholders equity total | 1 079.60 | 887.60 | 967.87 | 330.20 | 521.57 |
Balance sheet total (assets) | 2 557.18 | 2 237.21 | 1 763.23 | 944.89 | 1 589.30 |
Net debt | -1 437.87 | -1 363.26 | - 530.33 | - 115.20 | 341.04 |
Profitability | |||||
EBIT-% | |||||
ROA | 20.0 % | 31.3 % | 24.8 % | -29.8 % | -9.1 % |
ROE | 34.9 % | 58.8 % | 41.0 % | -52.0 % | -25.5 % |
ROI | 36.6 % | 65.8 % | 53.4 % | -62.2 % | -19.1 % |
Economic value added (EVA) | 329.60 | 619.58 | 409.66 | - 339.43 | - 100.88 |
Solvency | |||||
Equity ratio | 42.2 % | 45.6 % | 54.9 % | 34.9 % | 32.8 % |
Gearing | 29.3 % | 66.3 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.7 | 2.1 | 2.2 | 1.5 | 1.5 |
Current ratio | 1.7 | 1.6 | 2.2 | 1.5 | 1.5 |
Cash and cash equivalents | 1 753.97 | 1 363.26 | 530.33 | 115.20 | 4.80 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BB | BBB |
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