CreativeMinds ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About CreativeMinds ApS
CreativeMinds ApS (CVR number: 37659223) is a company from RANDERS. The company reported a net sales of 0.9 mDKK in 2023, demonstrating a growth of 14.2 % compared to the previous year. The operating profit percentage was at 7.2 % (EBIT: 0.1 mDKK), while net earnings were 55 kDKK. The profitability of the company measured by Return on Assets (ROA) was 23.8 %, which can be considered excellent and Return on Equity (ROE) was 55.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. CreativeMinds ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 751.16 | 850.11 | 845.95 | 829.64 | 947.81 |
Gross profit | 700.97 | 770.26 | 766.67 | 764.21 | 852.56 |
EBIT | 52.67 | 46.28 | 7.53 | -13.12 | 67.85 |
Net earnings | 40.82 | 33.98 | 2.47 | -14.38 | 55.02 |
Shareholders equity total | 82.70 | 116.69 | 119.16 | 104.78 | 95.02 |
Balance sheet total (assets) | 223.16 | 232.14 | 269.70 | 260.72 | 309.66 |
Net debt | - 148.75 | - 164.35 | - 188.13 | - 152.37 | - 176.78 |
Profitability | |||||
EBIT-% | 7.0 % | 5.4 % | 0.9 % | -1.6 % | 7.2 % |
ROA | 27.3 % | 20.3 % | 3.0 % | -4.9 % | 23.8 % |
ROE | 65.5 % | 34.1 % | 2.1 % | -12.8 % | 55.1 % |
ROI | 84.6 % | 46.4 % | 6.4 % | -11.7 % | 68.0 % |
Economic value added (EVA) | 38.95 | 31.70 | 1.67 | -19.11 | 50.63 |
Solvency | |||||
Equity ratio | 37.1 % | 50.3 % | 44.2 % | 40.2 % | 30.7 % |
Gearing | |||||
Relative net indebtedness % | -1.1 % | -5.8 % | -4.4 % | 0.4 % | 4.0 % |
Liquidity | |||||
Quick ratio | 1.6 | 2.0 | 1.7 | 1.5 | 1.3 |
Current ratio | 1.6 | 2.0 | 1.8 | 1.7 | 1.4 |
Cash and cash equivalents | 148.75 | 164.35 | 188.13 | 152.37 | 176.78 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 34.7 | 27.8 | 28.4 | 34.7 | 35.1 |
Net working capital % | 11.0 % | 13.7 % | 14.1 % | 12.6 % | 10.0 % |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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