LP VVS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About LP VVS ApS
LP VVS ApS (CVR number: 39697351) is a company from VEJLE. The company recorded a gross profit of 1914.7 kDKK in 2023, demonstrating a growth of 86.4 % compared to the previous year. The operating profit was 811.6 kDKK, while net earnings were 578.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 40.7 %, which can be considered excellent and Return on Equity (ROE) was 59.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 51.4 %, 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. LP VVS ApS's liquidity measured by quick ratio was 1.7 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 525.32 | 1 632.14 | 1 589.64 | 1 818.14 | |
Gross profit | 1 525.32 | 1 632.14 | 1 589.64 | 1 027.07 | 1 914.67 |
EBIT | 284.05 | -18.94 | 333.84 | 39.43 | 811.64 |
Net earnings | 104.55 | -58.59 | 206.01 | 27.50 | 578.08 |
Shareholders equity total | 154.55 | 95.95 | 301.96 | 686.89 | 1 248.98 |
Balance sheet total (assets) | 881.72 | 1 906.91 | 1 838.34 | 1 560.68 | 2 429.68 |
Net debt | -88.89 | - 102.93 | - 322.95 | - 472.48 | -4.63 |
Profitability | |||||
EBIT-% | 18.6 % | -1.2 % | 21.0 % | 2.2 % | |
ROA | 45.5 % | 8.2 % | 21.8 % | 2.3 % | 40.7 % |
ROE | 67.6 % | -46.8 % | 103.5 % | 5.6 % | 59.7 % |
ROI | 44.3 % | -12.0 % | 43.3 % | 5.7 % | 81.6 % |
Economic value added (EVA) | 221.56 | -6.90 | 292.15 | 48.76 | 639.29 |
Solvency | |||||
Equity ratio | 17.5 % | 5.0 % | 16.4 % | 44.0 % | 51.4 % |
Gearing | 143.9 % | 468.9 % | 115.9 % | 7.9 % | |
Relative net indebtedness % | 27.3 % | 77.1 % | 54.3 % | 19.1 % | |
Liquidity | |||||
Quick ratio | 1.0 | 0.8 | 1.0 | 1.5 | 1.7 |
Current ratio | 1.1 | 0.8 | 1.0 | 1.5 | 1.7 |
Cash and cash equivalents | 311.28 | 552.83 | 672.95 | 526.48 | 4.63 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 91.0 | 197.4 | 184.8 | 141.8 | |
Net working capital % | 2.5 % | -17.5 % | -0.3 % | 23.0 % | |
Credit risk | |||||
Credit rating | BB | BB | BBB | BBB | BBB |
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