Korsbek Economy ApS — Credit Rating and Financial Key Figures

CVR number: 40364870
Tømmerupvang 50, 2770 Kastrup

Company information

Official name
Korsbek Economy ApS
Established
2019
Company form
Private limited company
Industry

About Korsbek Economy ApS

Korsbek Economy ApS (CVR number: 40364870) is a company from TÅRNBY. The company reported a net sales of 0.1 mDKK in 2023, demonstrating a growth of 9.5 % compared to the previous year. The operating profit percentage was at 36.6 % (EBIT: 0 mDKK), while net earnings were 17.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 30.1 %, which can be considered excellent and Return on Equity (ROE) was 29.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 90.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Korsbek Economy ApS's liquidity measured by quick ratio was 10.8 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales75.94174.9647.5755.1860.41
Gross profit53.83132.1116.9118.7622.10
EBIT53.83132.1116.9118.7622.10
Net earnings41.76101.6612.6814.2417.12
Shareholders equity total50.7652.4250.1050.3467.46
Balance sheet total (assets)112.75124.5069.8772.4974.37
Net debt-97.12- 124.50-69.87-71.65-73.53
Profitability
EBIT-%70.9 %75.5 %35.5 %34.0 %36.6 %
ROA47.7 %111.4 %17.4 %26.3 %30.1 %
ROE82.3 %197.1 %24.7 %28.4 %29.1 %
ROI106.1 %256.1 %33.0 %32.8 %33.6 %
Economic value added (EVA)41.99105.1516.8114.8717.61
Solvency
Equity ratio45.0 %42.1 %71.7 %69.4 %90.7 %
Gearing
Relative net indebtedness %-46.3 %-30.0 %-105.3 %-115.1 %-110.3 %
Liquidity
Quick ratio1.81.73.58.910.8
Current ratio1.81.73.58.910.8
Cash and cash equivalents97.12124.5069.8771.6573.53
Capital use efficiency
Trade debtors turnover (days)75.15.65.1
Net working capital %66.8 %30.0 %105.3 %116.6 %111.7 %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:30.1%
Rating: 83/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:90.7%
Rating: 71/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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