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Bitt Keramik ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Bitt Keramik ApS
Bitt Keramik ApS (CVR number: 41501774) is a company from AARHUS. The company reported a net sales of 1.2 mDKK in 2024, demonstrating a decline of -12 % compared to the previous year. The operating profit percentage was at 0.6 % (EBIT: 0 mDKK), while net earnings were -26.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.2 %, which can be considered weak but Return on Equity (ROE) was -18.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -4.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Bitt Keramik ApS's liquidity measured by quick ratio was 2 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 financials2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Volume | ||||
| Net sales | 1 406.74 | 1 237.37 | ||
| Gross profit | 849.88 | 761.04 | 802.70 | 702.92 |
| EBIT | 66.74 | 5.43 | 56.73 | 6.96 |
| Net earnings | 33.15 | -15.13 | 15.67 | -26.24 |
| Shareholders equity total | 12.90 | -2.22 | 13.45 | -12.79 |
| Balance sheet total (assets) | 468.54 | 399.51 | 366.03 | 264.37 |
| Net debt | 232.91 | 184.51 | 249.70 | 186.67 |
| Profitability | ||||
| EBIT-% | 4.0 % | 0.6 % | ||
| ROA | 14.2 % | 1.2 % | 14.8 % | 2.2 % |
| ROE | 256.9 % | -7.3 % | 7.6 % | -18.9 % |
| ROI | 20.9 % | 1.7 % | 18.5 % | 2.5 % |
| Economic value added (EVA) | 51.53 | -11.80 | 28.45 | -9.64 |
| Solvency | ||||
| Equity ratio | 2.8 % | -0.6 % | 3.7 % | -4.6 % |
| Gearing | 2374.7 % | -13932.2 % | 2154.7 % | -1928.3 % |
| Relative net indebtedness % | 22.2 % | 17.6 % | ||
| Liquidity | ||||
| Quick ratio | 1.0 | 2.8 | 1.9 | 2.0 |
| Current ratio | 1.0 | 2.8 | 1.9 | 2.0 |
| Cash and cash equivalents | 73.52 | 125.07 | 40.00 | 60.00 |
| Capital use efficiency | ||||
| Trade debtors turnover (days) | 45.7 | 30.8 | ||
| Net working capital % | 9.3 % | 9.1 % | ||
| Credit risk | ||||
| Credit rating | B | BB | BB | BB |
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