CONNECT ApS — Credit Rating and Financial Key Figures

CVR number: 25686233
Marsvej 1, 7430 Ikast
ae@connect-rs.dk
tel: 97152130

Credit rating

Company information

Official name
CONNECT ApS
Personnel
10 persons
Established
2000
Company form
Private limited company
Industry

About CONNECT ApS

CONNECT ApS (CVR number: 25686233) is a company from IKAST-BRANDE. The company recorded a gross profit of 2965.8 kDKK in 2022. The operating profit was -1114.7 kDKK, while net earnings were -1168.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -19.3 %, which can be considered poor and Return on Equity (ROE) was -41.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 47.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. CONNECT ApS's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2018
2019
2020
2021
2022
Volume
Net sales
Gross profit4 256.744 254.264 739.463 574.402 965.82
EBIT79.91222.01891.84- 346.33-1 114.70
Net earnings34.69118.09705.16- 259.94-1 168.17
Shareholders equity total2 811.112 929.203 634.363 374.422 206.25
Balance sheet total (assets)5 719.925 708.038 647.526 653.694 686.34
Net debt343.43-28.70147.28767.52716.00
Profitability
EBIT-%
ROA1.6 %4.0 %12.9 %-3.8 %-19.3 %
ROE1.2 %4.1 %21.5 %-7.4 %-41.9 %
ROI2.1 %5.6 %19.6 %-6.0 %-29.2 %
Economic value added (EVA)-95.9431.70555.72- 456.85-1 360.62
Solvency
Equity ratio49.1 %51.3 %42.0 %50.7 %47.1 %
Gearing42.4 %40.2 %29.1 %32.1 %38.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.52.01.61.50.9
Current ratio2.12.31.81.91.5
Cash and cash equivalents848.761 207.15910.31315.00125.64
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:-19.3%
Rating: 1/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:47.1%
Rating: 38/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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