Solutions4Innovation ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Solutions4Innovation ApS
Solutions4Innovation ApS (CVR number: 38979159) is a company from HJØRRING. The company recorded a gross profit of -34.5 kDKK in 2022. The operating profit was -41.6 kDKK, while net earnings were -33.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -25.1 %, which can be considered poor and Return on Equity (ROE) was -45.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 40.2 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Solutions4Innovation ApS's liquidity measured by quick ratio was 1.7 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 296.69 | 68.39 | 99.24 | 27.60 | -34.50 |
EBIT | 157.18 | 52.53 | -5.44 | 5.54 | -41.65 |
Net earnings | 121.92 | 40.41 | -5.02 | 3.63 | -33.37 |
Shareholders equity total | 205.86 | 91.26 | 86.24 | 89.87 | 56.50 |
Balance sheet total (assets) | 275.16 | 227.08 | 250.31 | 191.14 | 140.54 |
Net debt | - 246.56 | - 125.63 | - 139.28 | - 116.16 | -66.74 |
Profitability | |||||
EBIT-% | |||||
ROA | 57.1 % | 20.9 % | -2.3 % | 2.5 % | -25.1 % |
ROE | 59.2 % | 27.2 % | -5.7 % | 4.1 % | -45.6 % |
ROI | 74.1 % | 27.1 % | -3.3 % | 3.6 % | -31.1 % |
Economic value added (EVA) | 121.95 | 42.67 | 1.24 | 11.66 | -28.24 |
Solvency | |||||
Equity ratio | 74.8 % | 40.2 % | 34.5 % | 47.0 % | 40.2 % |
Gearing | 87.7 % | 79.7 % | 66.8 % | 106.2 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 8.8 | 1.7 | 1.5 | 1.8 | 1.7 |
Current ratio | 8.8 | 1.7 | 1.5 | 1.8 | 1.7 |
Cash and cash equivalents | 246.56 | 205.63 | 208.03 | 176.16 | 126.74 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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