Bit Better Technology ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Bit Better Technology ApS
Bit Better Technology ApS (CVR number: 36716290) is a company from KØGE. The company recorded a gross profit of 1102.9 kDKK in 2024. The operating profit was -62.4 kDKK, while net earnings were -49.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -11.9 %, which can be considered poor and Return on Equity (ROE) was -16.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 49.5 %, 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. Bit Better Technology ApS's liquidity measured by quick ratio was 2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 974.16 | 808.61 | 942.83 | 1 073.28 | 1 102.92 |
| EBIT | 378.50 | 212.40 | 269.39 | 25.48 | -62.36 |
| Net earnings | 292.91 | 162.55 | 209.26 | 19.77 | -49.11 |
| Shareholders equity total | 407.34 | 369.90 | 379.16 | 398.93 | 189.82 |
| Balance sheet total (assets) | 739.99 | 645.75 | 681.31 | 660.08 | 383.65 |
| Net debt | - 516.77 | - 431.07 | - 438.05 | - 427.91 | - 111.10 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 61.5 % | 30.7 % | 40.6 % | 3.8 % | -11.9 % |
| ROE | 87.2 % | 41.8 % | 55.9 % | 5.1 % | -16.7 % |
| ROI | 112.7 % | 54.7 % | 71.9 % | 6.5 % | -21.2 % |
| Economic value added (EVA) | 281.94 | 145.20 | 191.54 | 0.82 | -68.69 |
| Solvency | |||||
| Equity ratio | 55.0 % | 57.3 % | 55.7 % | 60.4 % | 49.5 % |
| Gearing | |||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 3.7 | 4.4 | 3.5 | 3.4 | 2.0 |
| Current ratio | 3.7 | 4.4 | 3.5 | 3.4 | 2.0 |
| Cash and cash equivalents | 516.77 | 431.07 | 438.05 | 427.91 | 111.10 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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