VTE ApS — Credit Rating and Financial Key Figures

CVR number: 31781450
Magdalenevej 4, Højstrup 3000 Helsingør
magnus@olafsson.dk
tel: 70701913

Company information

Official name
VTE ApS
Established
2008
Domicile
Højstrup
Company form
Private limited company
Industry

About VTE ApS

VTE ApS (CVR number: 31781450) is a company from HELSINGØR. The company recorded a gross profit of -31.3 kDKK in 2023. The operating profit was -31.3 kDKK, while net earnings were -83.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5 %, which can be considered decent but Return on Equity (ROE) was -2.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -6.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. VTE ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit886.32192.081 785.94-31.05-31.34
EBIT828.93134.691 780.28-31.05-31.34
Net earnings553.87- 248.322 425.51-25.17-83.37
Shareholders equity total-2 309.63-2 557.95- 132.44- 157.60- 240.98
Balance sheet total (assets)6 789.877 634.623 306.453 512.163 725.42
Net debt-4.711 096.55280.79339.17437.50
Profitability
EBIT-%
ROA8.0 %2.5 %39.8 %2.9 %5.0 %
ROE6.7 %-3.4 %44.3 %-0.7 %-2.3 %
ROI8.1 %2.5 %40.2 %5.4 %46.0 %
Economic value added (EVA)976.82266.471 870.70-23.27-21.00
Solvency
Equity ratio-25.4 %-25.1 %-3.9 %-4.3 %-6.1 %
Gearing-13.3 %-73.5 %-229.0 %-245.7 %-181.6 %
Relative net indebtedness %
Liquidity
Quick ratio1.12.00.10.10.0
Current ratio1.12.00.10.10.0
Cash and cash equivalents313.00783.6422.5248.010.21
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:4.97%
Rating: 43/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-6.08%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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