DEVELCO A/S — Credit Rating and Financial Key Figures

CVR number: 13441243
Hedeager 40, 8200 Aarhus N
info@develco.dk
tel: 87400333
www.develco.dk
Free credit report Annual report

Credit rating

Company information

Official name
DEVELCO A/S
Personnel
26 persons
Established
1989
Company form
Limited company
Industry

About DEVELCO A/S

DEVELCO A/S (CVR number: 13441243) is a company from AARHUS. The company recorded a gross profit of 23.5 mDKK in 2024. The operating profit was 4485.8 kDKK, while net earnings were 3176.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 31.6 %, which can be considered excellent and Return on Equity (ROE) was 54.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 48.1 %, 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. DEVELCO A/S'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 profit13 623.9015 100.9219 164.3419 384.7423 453.86
EBIT2 525.352 448.684 112.491 619.004 485.76
Net earnings1 850.182 160.712 853.201 266.603 176.62
Shareholders equity total3 975.184 635.895 764.104 750.696 907.31
Balance sheet total (assets)13 503.4617 384.7214 813.4913 748.7414 841.87
Net debt-3 272.83-3 282.51-3 285.342 451.41-1 729.76
Profitability
EBIT-%
ROA22.2 %18.1 %26.0 %12.1 %31.6 %
ROE54.2 %50.2 %54.9 %24.1 %54.5 %
ROI58.1 %50.4 %69.3 %25.9 %62.8 %
Economic value added (EVA)1 819.201 710.142 873.08950.633 107.36
Solvency
Equity ratio29.4 %26.7 %38.9 %34.6 %48.1 %
Gearing2.6 %11.6 %3.2 %54.3 %
Relative net indebtedness %
Liquidity
Quick ratio1.41.31.51.31.9
Current ratio1.41.31.61.31.8
Cash and cash equivalents3 377.423 819.323 467.03126.271 729.76
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:31.6%
Rating: 84/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:48.1%
Rating: 39/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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