Approved it ApS — Credit Rating and Financial Key Figures

CVR number: 30713842
Pile Alle 11, Nødebo 3480 Fredensborg

Credit rating

Company information

Official name
Approved it ApS
Personnel
1 person
Established
2007
Domicile
Nødebo
Company form
Private limited company
Industry

About Approved it ApS

Approved it ApS (CVR number: 30713842) is a company from HILLERØD. The company recorded a gross profit of 378.9 kDKK in 2023. The operating profit was 141.5 kDKK, while net earnings were 139.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 48.2 %, which can be considered excellent and Return on Equity (ROE) was 85.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 32.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Approved it ApS's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

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 profit90.0877.83-22.3847.42378.85
EBIT-11.5543.21-22.50- 153.02141.47
Net earnings-10.3130.79-21.81- 157.20139.23
Shareholders equity total127.45158.24136.43-20.77118.46
Balance sheet total (assets)196.59228.12321.05205.62365.55
Net debt-37.709.013.1993.16-49.73
Profitability
EBIT-%
ROA-5.9 %20.3 %-8.2 %-55.9 %48.2 %
ROE-7.8 %21.6 %-14.8 %-91.9 %85.9 %
ROI-7.7 %27.9 %-11.9 %-87.2 %75.6 %
Economic value added (EVA)-12.7029.54-25.66- 156.70145.29
Solvency
Equity ratio64.8 %69.4 %61.7 %-9.2 %32.4 %
Gearing5.4 %11.1 %48.7 %-713.8 %93.6 %
Relative net indebtedness %
Liquidity
Quick ratio2.83.32.70.91.5
Current ratio2.83.31.70.91.5
Cash and cash equivalents44.638.6163.2955.08160.58
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:48.2%
Rating: 93/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:32.4%
Rating: 28/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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