project44 A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 141 825.00 | ||||
Gross profit | -2 127.00 | 13 077.00 | 59 040.00 | 31 160.00 | 42 169.00 |
EBIT | -25 308.00 | -22 773.00 | 12 781.00 | 4 054.00 | 24 844.00 |
Net earnings | -27 771.00 | -31 346.00 | 3 487.00 | -3 227.00 | 16 275.00 |
Shareholders equity total | -52 453.00 | -83 800.00 | -60 201.00 | -63 428.00 | -47 153.00 |
Balance sheet total (assets) | 19 064.00 | 48 848.00 | 177 633.00 | 253 396.00 | 217 698.00 |
Net debt | 51 930.00 | 105 322.00 | 140 415.00 | 241 665.00 | 49 230.00 |
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 | -22 847.62 | 11 452.39 | 131.53 | 10 425.25 |
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 ratio | 0.3 | 0.4 | 0.8 | 0.8 | 0.8 |
Current ratio | 0.3 | 0.4 | 0.8 | 0.8 | 0.8 |
Cash and cash equivalents | 2 008.00 | 4 918.00 | 30 312.00 | 52 629.00 | 204 824.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 204.4 | ||||
Net working capital % | -41.1 % | ||||
Credit risk | |||||
Credit rating | B | BB | A | BBB | BBB |
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