Cortsen Technologies ApS — Credit Rating and Financial Key Figures

CVR number: 38173952
Gl. Byvej 18, Årslev 5792 Årslev

Company information

Official name
Cortsen Technologies ApS
Personnel
1 person
Established
2016
Domicile
Årslev
Company form
Private limited company
Industry

About Cortsen Technologies ApS

Cortsen Technologies ApS (CVR number: 38173952) is a company from FAABORG-MIDTFYN. The company recorded a gross profit of 133.9 kDKK in 2024. The operating profit was -32.1 kDKK, while net earnings were -31.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -13.6 %, which can be considered poor and Return on Equity (ROE) was -14.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 90.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Cortsen Technologies ApS's liquidity measured by quick ratio was 5.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-7.97-15.2372.4318.02133.91
EBIT-8.09-17.7372.4318.02-32.09
Net earnings-8.1161.8658.9013.72-31.87
Shareholders equity total98.23160.09219.00232.72200.85
Balance sheet total (assets)101.23178.23241.40239.77222.10
Net debt-31.73- 173.25- 126.40- 123.98-88.07
Profitability
EBIT-%
ROA-7.6 %55.3 %34.5 %7.7 %-13.6 %
ROE-7.9 %47.9 %31.1 %6.1 %-14.7 %
ROI-7.7 %58.5 %37.6 %8.1 %-14.3 %
Economic value added (EVA)-7.87-13.0260.4715.05-37.40
Solvency
Equity ratio97.0 %89.8 %90.7 %97.1 %90.4 %
Gearing3.1 %1.9 %1.4 %1.3 %1.5 %
Relative net indebtedness %
Liquidity
Quick ratio15.49.85.818.15.2
Current ratio15.49.85.818.15.2
Cash and cash equivalents34.73176.25129.40126.9891.07
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBCBBBBBB

Variable visualization

ROA:-13.6%
Rating: 6/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:90.4%
Rating: 71/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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