BLITE A/S — Credit Rating and Financial Key Figures

CVR number: 34585075
Industrivej 8, 7120 Vejle Øst
tel: 75367575

Credit rating

Company information

Official name
BLITE A/S
Personnel
16 persons
Established
2012
Company form
Limited company
Industry

About BLITE A/S

BLITE A/S (CVR number: 34585075) is a company from VEJLE. The company recorded a gross profit of 11.1 mDKK in 2023. The operating profit was 1314.1 kDKK, while net earnings were 726.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.5 %, which can be considered decent but Return on Equity (ROE) was 104.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 3.8 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. BLITE A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit7 641.7311 659.138 776.929 567.6111 147.32
EBIT-1 330.861 799.02642.561 204.191 314.11
Net earnings-1 733.251 916.87102.757 295.32726.74
Shareholders equity total-13 674.63-11 757.76-11 655.02333.601 060.34
Balance sheet total (assets)7 991.588 279.4311 798.9919 097.5128 231.42
Net debt12 339.9912 195.3913 667.305 203.151 814.76
Profitability
EBIT-%
ROA-5.1 %9.4 %3.2 %38.7 %6.5 %
ROE-18.5 %23.6 %1.0 %120.3 %104.3 %
ROI-9.5 %15.9 %5.4 %85.7 %36.5 %
Economic value added (EVA)-1 079.771 614.61882.781 428.681 143.11
Solvency
Equity ratio-63.1 %-58.7 %-49.7 %1.7 %3.8 %
Gearing-90.2 %-103.7 %-117.3 %1559.7 %171.1 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.30.30.40.6
Current ratio0.50.60.60.81.2
Cash and cash equivalents0.110.07
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:6.49%
Rating: 47/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:3.76%
Rating: 4/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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