CODE of Denmark Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About CODE of Denmark Holding ApS
CODE of Denmark Holding ApS (CVR number: 42591548) is a company from ODENSE. The company recorded a gross profit of -7.1 kDKK in 2024. The operating profit was -7.1 kDKK, while net earnings were 84.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 79.7 %, which can be considered excellent and Return on Equity (ROE) was 101.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 79.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. CODE of Denmark Holding 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Volume | ||||
Net sales | 18.48 | |||
Gross profit | -6.25 | 10.72 | -6.25 | -7.06 |
EBIT | -6.25 | 10.72 | -6.25 | -7.06 |
Net earnings | -6.37 | 12.36 | -5.05 | 84.77 |
Shareholders equity total | 33.63 | 45.99 | 40.94 | 125.71 |
Balance sheet total (assets) | 39.88 | 63.17 | 57.15 | 158.37 |
Net debt | -39.88 | -2.00 | 2.85 | -2.99 |
Profitability | ||||
EBIT-% | 58.0 % | |||
ROA | -15.7 % | 20.8 % | -12.6 % | 79.7 % |
ROE | -19.0 % | 31.1 % | -11.6 % | 101.7 % |
ROI | -18.6 % | 26.9 % | -16.3 % | 99.5 % |
Economic value added (EVA) | -6.25 | 12.80 | -2.38 | -5.39 |
Solvency | ||||
Equity ratio | 84.3 % | 72.8 % | 71.6 % | 79.4 % |
Gearing | 14.2 % | |||
Relative net indebtedness % | 82.1 % | |||
Liquidity | ||||
Quick ratio | 6.4 | 0.9 | 0.6 | 1.5 |
Current ratio | 6.4 | 0.9 | 0.6 | 1.5 |
Cash and cash equivalents | 39.88 | 2.00 | 2.98 | 2.99 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | -13.5 % | |||
Credit risk | ||||
Credit rating | B | BB | BB | BB |
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