Lake Exchange ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
66Activities auxiliary to financial services and insurance activities
About Lake Exchange ApS
Lake Exchange ApS (CVR number: 38627325) is a company from KØBENHAVN. The company recorded a gross profit of 359.1 kDKK in 2023. The operating profit was 22.5 kDKK, while net earnings were 22.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent but Return on Equity (ROE) was 15 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at -77.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Lake Exchange ApS's liquidity measured by quick ratio was 0.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 199.00 | - 162.00 | 261.00 | 264.00 | 359.13 |
| EBIT | -30.00 | - 219.00 | 4.00 | -65.00 | 22.52 |
| Net earnings | -31.00 | - 304.00 | 4.00 | -65.00 | 22.44 |
| Shareholders equity total | 73.00 | - 231.00 | - 227.00 | - 292.00 | - 269.20 |
| Balance sheet total (assets) | 85.00 | 329.00 | 362.00 | 221.00 | 79.03 |
| Net debt | 6.00 | 172.00 | 174.00 | 257.00 | 225.45 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -35.3 % | -67.9 % | 0.7 % | -11.8 % | 5.2 % |
| ROE | -42.5 % | -151.2 % | 1.2 % | -22.3 % | 15.0 % |
| ROI | -42.9 % | -75.5 % | 0.8 % | -12.8 % | 5.7 % |
| Economic value added (EVA) | -33.67 | - 222.67 | 32.14 | -35.40 | 48.30 |
| Solvency | |||||
| Equity ratio | 85.9 % | -41.3 % | -38.4 % | -56.9 % | -77.3 % |
| Gearing | 8.2 % | -216.9 % | -236.1 % | -163.7 % | -113.1 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.6 | 0.6 | 0.4 | 0.2 | |
| Current ratio | 0.6 | 0.6 | 0.4 | 0.2 | |
| Cash and cash equivalents | 329.00 | 362.00 | 221.00 | 79.03 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | B | BB | BB | B |
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