Veo Technologies ApS — Credit Rating and Financial Key Figures

CVR number: 37240834
Rovsingsgade 68, 2100 København Ø
www.veo.co

Credit rating

Company information

Official name
Veo Technologies ApS
Personnel
287 persons
Established
2015
Company form
Private limited company
Industry

About Veo Technologies ApS

Veo Technologies ApS (CVR number: 37240834K) is a company from KØBENHAVN. The company reported a net sales of 505.3 mDKK in 2024, demonstrating a growth of 32.6 % compared to the previous year. The operating profit percentage was poor at -8.2 % (EBIT: -41.5 mDKK), while net earnings were -45.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was -4.9 %, which can be considered poor and Return on Equity (ROE) was -20 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 37.6 %, 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. Veo Technologies ApS's liquidity measured by quick ratio was 1.1 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 sales381 136.00505 297.00
Gross profit90 033.00277 352.00
EBIT-29 819.00-96 238.00- 204 771.00- 170 519.00-41 524.00
Net earnings-29 617.00-97 617.00- 207 047.00- 158 278.00-45 556.00
Shareholders equity total158 417.0060 904.00408 091.00249 497.00206 821.00
Balance sheet total (assets)221 536.00257 589.00648 525.00535 875.00549 582.00
Net debt- 314 145.00- 265 747.00
Profitability
EBIT-%-44.7 %-8.2 %
ROA-22.6 %-40.2 %-45.2 %-26.6 %-4.9 %
ROE-31.5 %-89.0 %-88.3 %-48.1 %-20.0 %
ROI-22.6 %-40.2 %-45.2 %-31.1 %-6.8 %
Economic value added (EVA)-31 321.93- 104 198.45- 207 831.43- 188 293.75-58 653.16
Solvency
Equity ratio100.0 %100.0 %100.0 %46.6 %37.6 %
Gearing15.0 %13.0 %
Relative net indebtedness %-20.5 %8.0 %
Liquidity
Quick ratio1.61.1
Current ratio1.71.2
Cash and cash equivalents351 605.00292 540.00
Capital use efficiency
Trade debtors turnover (days)6.77.4
Net working capital %42.0 %13.0 %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:-4.90%
Rating: 15/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:37.6%
Rating: 31/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member

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