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CHANGEGROUP ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About CHANGEGROUP ApS
CHANGEGROUP ApS (CVR number: 26334276) is a company from KØBENHAVN. The company reported a net sales of 292.2 mDKK in 2025, demonstrating a growth of 18.4 % compared to the previous year. The operating profit percentage was at 5.3 % (EBIT: 15.5 mDKK), while net earnings were 12 mDKK. The profitability of the company measured by Return on Assets (ROA) was 26 %, which can be considered excellent and Return on Equity (ROE) was 65.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 39.8 %, 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. CHANGEGROUP ApS's liquidity measured by quick ratio was 1.6 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 127.65 | 194.76 | 215.11 | 246.89 | 292.22 |
| Gross profit | 21.73 | 30.99 | 33.56 | 37.18 | 42.06 |
| EBIT | 6.34 | 12.64 | 12.38 | 13.33 | 15.49 |
| Net earnings | 4.85 | 9.74 | 9.54 | 10.31 | 11.96 |
| Shareholders equity total | 10.03 | 15.28 | 15.81 | 17.12 | 19.58 |
| Balance sheet total (assets) | 38.94 | 60.66 | 57.83 | 70.23 | 49.24 |
| Net debt | -24.63 | -1.46 | |||
| Profitability | |||||
| EBIT-% | 5.0 % | 6.5 % | 5.8 % | 5.4 % | 5.3 % |
| ROA | 16.5 % | 25.4 % | 20.9 % | 20.9 % | 26.0 % |
| ROE | 45.8 % | 77.0 % | 61.3 % | 62.6 % | 65.2 % |
| ROI | 25.3 % | 25.4 % | 20.9 % | 35.7 % | 84.0 % |
| Economic value added (EVA) | 5.78 | 12.14 | 11.61 | 9.48 | 11.11 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 24.4 % | 39.8 % |
| Gearing | |||||
| Relative net indebtedness % | 11.5 % | 9.6 % | |||
| Liquidity | |||||
| Quick ratio | 1.3 | 1.6 | |||
| Current ratio | 1.3 | 1.6 | |||
| Cash and cash equivalents | 24.63 | 1.46 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 64.1 | 55.6 | |||
| Net working capital % | 7.0 % | 6.2 % | |||
| Credit risk | |||||
| Credit rating | BBB | A | A | A | A |
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