EUROPEAN COMMERCIAL COMPANY ApS — Credit Rating and Financial Key Figures

CVR number: 21774499
Lanciavej 2, 7100 Vejle

Credit rating

Company information

Official name
EUROPEAN COMMERCIAL COMPANY ApS
Established
1999
Company form
Private limited company
Industry

About EUROPEAN COMMERCIAL COMPANY ApS

EUROPEAN COMMERCIAL COMPANY ApS (CVR number: 21774499) is a company from VEJLE. The company recorded a gross profit of -8.1 kDKK in 2023. The operating profit was -8.1 kDKK, while net earnings were 277.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.7 %, which can be considered good and Return on Equity (ROE) was 10.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 99.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. EUROPEAN COMMERCIAL COMPANY ApS's liquidity measured by quick ratio was 1460.1 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-3.06-3.71-11.65-8.77-8.11
EBIT-3.06-3.71-11.65-8.77-8.11
Net earnings241.13- 146.34591.85- 879.07277.43
Shareholders equity total2 897.792 751.413 343.262 464.192 741.59
Balance sheet total (assets)2 897.792 751.413 343.262 465.952 743.47
Net debt-2 857.90-2 744.29-3 343.26-2 464.19-2 741.59
Profitability
EBIT-%
ROA8.7 %1.4 %19.6 %-0.3 %10.7 %
ROE8.7 %-5.2 %19.4 %-30.3 %10.7 %
ROI8.7 %1.4 %19.6 %-0.3 %10.7 %
Economic value added (EVA)-5.65-5.71-11.96-8.77-8.03
Solvency
Equity ratio100.0 %100.0 %100.0 %99.9 %99.9 %
Gearing0.1 %0.1 %
Relative net indebtedness %
Liquidity
Quick ratio1 397.11 460.1
Current ratio1 397.11 460.1
Cash and cash equivalents2 857.902 744.293 343.262 465.952 743.47
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:10.7%
Rating: 59/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.9%
Rating: 99/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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