project44 A/S — Credit Rating and Financial Key Figures

CVR number: 37439541
Strømmen 6, 9400 Nørresundby
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Credit rating

Company information

Official name
project44 A/S
Personnel
12 persons
Established
2015
Company form
Limited company
Industry

About project44 A/S

project44 A/S (CVR number: 37439541) is a company from AALBORG. The company recorded a gross profit of 42.2 mDKK in 2024. The operating profit was 24.8 mDKK, while net earnings were 16.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 20.4 %, which can be considered excellent but Return on Equity (ROE) was 6.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at -17.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. project44 A/S's liquidity measured by quick ratio was 0.8 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
2020
2021
2022
2023
2024
Volume
Net sales141 825.00
Gross profit-2 127.0013 077.0059 040.0031 160.0042 169.00
EBIT-25 308.00-22 773.0012 781.004 054.0024 844.00
Net earnings-27 771.00-31 346.003 487.00-3 227.0016 275.00
Shareholders equity total-52 453.00-83 800.00-60 201.00-63 428.00-47 153.00
Balance sheet total (assets)19 064.0048 848.00177 633.00253 396.00217 698.00
Net debt51 930.00105 322.00140 415.00241 665.0049 230.00
Profitability
EBIT-%9.0 %
ROA-43.0 %-22.3 %6.9 %1.5 %20.4 %
ROE-187.8 %-92.3 %3.1 %-1.5 %6.9 %
ROI-57.9 %-27.7 %9.1 %1.8 %21.6 %
Economic value added (EVA)-28 476.78-22 847.6211 452.39131.5310 425.25
Solvency
Equity ratio-73.3 %-63.2 %-25.3 %-20.0 %-17.8 %
Gearing-102.8 %-131.6 %-283.6 %-464.0 %-538.8 %
Relative net indebtedness %146.3 %
Liquidity
Quick ratio0.30.40.80.80.8
Current ratio0.30.40.80.80.8
Cash and cash equivalents2 008.004 918.0030 312.0052 629.00204 824.00
Capital use efficiency
Trade debtors turnover (days)204.4
Net working capital %-41.1 %
Credit risk
Credit ratingBBBABBBBBB

Variable visualization

ROA:20.4%
Rating: 74/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-17.8%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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