VORES SOL A7 K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORES SOL A7 K/S
VORES SOL A7 K/S (CVR number: 35047786) is a company from GLADSAXE. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a decline of -6.8 % compared to the previous year. The operating profit percentage was at 52 % (EBIT: 0.3 mDKK), while net earnings were 229.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.6 %, which can be considered good and Return on Equity (ROE) was 10.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 74.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. VORES SOL A7 K/S'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 | 508.44 | 556.84 | 513.81 | 565.10 | 526.81 |
Gross profit | 475.56 | 516.32 | 485.63 | 530.16 | 489.62 |
EBIT | 259.39 | 300.16 | 269.47 | 314.28 | 273.75 |
Net earnings | 200.47 | 250.13 | 236.97 | 284.95 | 229.20 |
Shareholders equity total | 2 026.90 | 2 027.03 | 2 084.00 | 2 228.95 | 2 248.14 |
Balance sheet total (assets) | 4 002.93 | 3 700.17 | 3 452.22 | 3 358.01 | 3 021.00 |
Net debt | 1 431.45 | 1 220.32 | 962.66 | 541.13 | 343.59 |
Profitability | |||||
EBIT-% | 51.0 % | 53.9 % | 52.4 % | 55.6 % | 52.0 % |
ROA | 6.4 % | 7.8 % | 7.5 % | 9.2 % | 8.6 % |
ROE | 10.4 % | 12.3 % | 11.5 % | 13.2 % | 10.2 % |
ROI | 6.4 % | 7.8 % | 7.6 % | 9.4 % | 8.7 % |
Economic value added (EVA) | 54.55 | 100.32 | 84.70 | 141.72 | 108.98 |
Solvency | |||||
Equity ratio | 50.6 % | 54.8 % | 60.4 % | 66.4 % | 74.4 % |
Gearing | 96.2 % | 81.4 % | 64.8 % | 47.1 % | 33.4 % |
Relative net indebtedness % | 286.7 % | 223.3 % | 190.9 % | 109.8 % | 69.6 % |
Liquidity | |||||
Quick ratio | 1.6 | 1.4 | 1.3 | 1.4 | 1.3 |
Current ratio | 1.6 | 1.4 | 1.3 | 1.4 | 1.3 |
Cash and cash equivalents | 518.55 | 429.68 | 387.34 | 508.87 | 406.41 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 4.7 | 5.8 | 13.8 | 12.6 | 0.6 |
Net working capital % | 39.2 % | 20.7 % | 17.2 % | 26.4 % | 16.0 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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