Cirqle R&D ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Cirqle R&D ApS
Cirqle R&D ApS (CVR number: 41742836) is a company from KØBENHAVN. The company recorded a gross profit of -518.1 kDKK in 2024. The operating profit was -1059.3 kDKK, while net earnings were -917.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -11.6 %, which can be considered poor and Return on Equity (ROE) was -11.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Cirqle R&D ApS's liquidity measured by quick ratio was 289.2 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 268.33 | -1 483.87 | -2 884.75 | - 136.82 | - 518.10 |
EBIT | - 604.93 | -8 215.27 | -14 744.42 | 3 814.10 | -1 059.27 |
Net earnings | 4 475.03 | -8 348.24 | -14 789.58 | 4 948.48 | - 917.30 |
Shareholders equity total | 11 098.21 | 18 025.41 | 3 235.83 | 8 184.30 | 7 267.00 |
Balance sheet total (assets) | 12 901.19 | 20 565.77 | 5 571.23 | 8 443.05 | 7 292.20 |
Net debt | 405.60 | -12 066.99 | -3 062.23 | -1 263.21 | -19.27 |
Profitability | |||||
EBIT-% | |||||
ROA | -4.7 % | -49.1 % | -112.8 % | 54.4 % | -11.6 % |
ROE | 40.3 % | -57.3 % | -139.1 % | 86.7 % | -11.9 % |
ROI | -5.3 % | -52.2 % | -117.4 % | 56.8 % | -11.8 % |
Economic value added (EVA) | - 429.50 | -8 793.34 | -15 747.07 | 4 689.86 | -1 474.15 |
Solvency | |||||
Equity ratio | 86.0 % | 87.6 % | 58.1 % | 96.9 % | 99.7 % |
Gearing | 3.7 % | 10.7 % | 59.6 % | 0.9 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.0 | 5.8 | 2.3 | 48.2 | 289.2 |
Current ratio | 3.0 | 5.8 | 2.3 | 48.2 | 289.2 |
Cash and cash equivalents | 13 994.80 | 4 990.27 | 1 335.21 | 19.27 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BB | BB | BB |
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