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SPIES A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SPIES A/S
SPIES A/S (CVR number: 24137414) is a company from KØBENHAVN. The company reported a net sales of 2067.5 mDKK in 2025, demonstrating a growth of 4.2 % compared to the previous year. The operating profit percentage was at 1.2 % (EBIT: 24.5 mDKK), while net earnings were 18.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 15.4 %, which can be considered excellent and Return on Equity (ROE) was 32.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 47.6 %, 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. SPIES A/S's liquidity measured by quick ratio was 7.3 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 618.51 | 1 733.76 | 1 858.99 | 1 984.03 | 2 067.54 |
| Gross profit | 618.51 | 1 733.76 | 1 858.99 | 79.26 | 65.62 |
| EBIT | -47.72 | 48.30 | 13.30 | 37.41 | 24.51 |
| Net earnings | -46.22 | 42.19 | -8.31 | 18.04 | 18.89 |
| Shareholders equity total | 27.18 | 69.36 | 31.05 | 49.09 | 67.98 |
| Balance sheet total (assets) | 435.32 | 499.80 | 423.92 | 519.29 | 541.63 |
| Net debt | -86.16 | -41.91 | |||
| Profitability | |||||
| EBIT-% | -7.7 % | 2.8 % | 0.7 % | 1.9 % | 1.2 % |
| ROA | -15.3 % | 10.3 % | 2.9 % | 12.2 % | 15.4 % |
| ROE | 93.0 % | 87.4 % | -16.6 % | 45.0 % | 32.3 % |
| ROI | -15.3 % | 10.3 % | 2.9 % | 20.1 % | 58.5 % |
| Economic value added (EVA) | -41.35 | 46.93 | 9.82 | 24.99 | 11.72 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 30.8 % | 47.6 % |
| Gearing | 202.8 % | 90.9 % | |||
| Relative net indebtedness % | 14.3 % | 17.9 % | |||
| Liquidity | |||||
| Quick ratio | 4.7 | 7.3 | |||
| Current ratio | 1.1 | 1.1 | |||
| Cash and cash equivalents | 185.70 | 103.70 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 7.7 | 7.2 | |||
| Net working capital % | 2.4 % | 3.2 % | |||
| Credit risk | |||||
| Credit rating | BB | BBB | BBB | BBB | BBB |
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