Spaabæk ApS — Credit Rating and Financial Key Figures

CVR number: 26876427
Lærkevænget 4, Korup 5210 Odense NV

Credit rating

Company information

Official name
Spaabæk ApS
Personnel
1 person
Established
2002
Domicile
Korup
Company form
Private limited company
Industry

About Spaabæk ApS

Spaabæk ApS (CVR number: 26876427) is a company from ODENSE. The company recorded a gross profit of 457.1 kDKK in 2023. The operating profit was -126.7 kDKK, while net earnings were 114.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.5 %, which can be considered weak and Return on Equity (ROE) was 1.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 86.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Spaabæk ApS's liquidity measured by quick ratio was 30.5 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales263.20
Gross profit194.86107.022 074.331 089.70457.15
EBIT60.3982.551 450.28479.48- 126.74
Net earnings1 155.561 611.321 395.63619.37114.66
Shareholders equity total6 295.067 795.779 078.409 583.379 580.23
Balance sheet total (assets)7 949.919 350.9011 136.3111 378.0211 110.72
Net debt-1 823.55-2 847.89-5 196.85-6 907.79-6 875.42
Profitability
EBIT-%22.9 %
ROA16.6 %19.8 %17.6 %7.3 %1.5 %
ROE20.0 %22.9 %16.5 %6.6 %1.2 %
ROI16.9 %20.0 %18.2 %7.7 %1.6 %
Economic value added (EVA)-44.9312.231 055.29202.85- 213.54
Solvency
Equity ratio79.2 %83.4 %81.5 %84.2 %86.2 %
Gearing24.0 %18.8 %15.5 %14.2 %13.6 %
Relative net indebtedness %-639.3 %
Liquidity
Quick ratio19.532.911.516.930.5
Current ratio19.532.911.516.930.5
Cash and cash equivalents3 337.374 314.876 607.708 264.828 177.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %1351.5 %
Credit risk
Credit ratingAAABBBBBB

Variable visualization

ROA:1.53%
Rating: 28/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:86.2%
Rating: 66/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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