kunsten designETC ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About kunsten designETC ApS
kunsten designETC ApS (CVR number: 38511564) is a company from KØBENHAVN. The company recorded a gross profit of -5.7 kDKK in 2023. The operating profit was -5.7 kDKK, while net earnings were -7.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.3 %, which can be considered poor and Return on Equity (ROE) was -24.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -88.9 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. kunsten designETC ApS's liquidity measured by quick ratio was 5.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 18.43 | -7.37 | -4.37 | -4.56 | -5.66 |
EBIT | -88.55 | -79.86 | -4.37 | -4.56 | -5.66 |
Net earnings | -77.04 | -54.68 | -3.47 | -4.42 | -7.49 |
Shareholders equity total | - 153.15 | - 207.83 | - 211.30 | - 215.72 | - 223.21 |
Balance sheet total (assets) | 113.32 | 50.43 | 36.71 | 33.22 | 27.90 |
Net debt | 240.43 | 229.77 | 229.85 | 231.23 | 224.38 |
Profitability | |||||
EBIT-% | |||||
ROA | -33.4 % | -30.4 % | -1.7 % | -1.8 % | -2.3 % |
ROE | -51.3 % | -66.8 % | -8.0 % | -12.7 % | -24.5 % |
ROI | -40.0 % | -31.1 % | -1.8 % | -1.9 % | -2.3 % |
Economic value added (EVA) | -72.73 | -45.63 | 7.14 | 7.77 | 4.10 |
Solvency | |||||
Equity ratio | -57.5 % | -80.5 % | -85.2 % | -86.7 % | -88.9 % |
Gearing | -171.4 % | -120.8 % | -115.5 % | -114.1 % | -110.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 10.2 | 7.1 | 9.2 | 11.7 | 5.6 |
Current ratio | 10.2 | 7.1 | 9.2 | 11.7 | 5.6 |
Cash and cash equivalents | 22.04 | 21.36 | 14.16 | 14.88 | 21.72 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | B | BB | B | BB |
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