VB Fleet 2020 ApS — Credit Rating and Financial Key Figures

CVR number: 41132922
Kanalholmen 1, 2650 Hvidovre

Credit rating

Company information

Official name
VB Fleet 2020 ApS
Established
2020
Company form
Private limited company
Industry
  • Expand more icon77Rental and leasing activities

About VB Fleet 2020 ApS

VB Fleet 2020 ApS (CVR number: 41132922) is a company from HVIDOVRE. The company recorded a gross profit of 5553.7 kDKK in 2023. The operating profit was 3734.9 kDKK, while net earnings were 1969 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.6 %, which can be considered good but Return on Equity (ROE) was 83.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 9.7 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. VB Fleet 2020 ApS's liquidity measured by quick ratio was 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
Volume
Net sales
Gross profit-17.95791.992 646.995 553.69
EBIT-17.95672.76828.133 734.85
Net earnings38.23540.63226.621 969.01
Shareholders equity total78.23618.861 383.433 352.44
Balance sheet total (assets)16 512.5514 328.1638 734.7434 737.72
Net debt16 946.1912 691.0835 366.4228 694.91
Profitability
EBIT-%
ROA1.0 %6.0 %3.8 %10.6 %
ROE48.9 %155.1 %22.6 %83.2 %
ROI0.9 %5.8 %3.9 %10.9 %
Economic value added (EVA)-14.00124.03115.792 351.38
Solvency
Equity ratio0.5 %4.3 %3.6 %9.7 %
Gearing21662.0 %2050.7 %2560.8 %864.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.10.91.0
Current ratio0.30.10.91.0
Cash and cash equivalents60.71276.64
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAAA

Variable visualization

ROA:10.6%
Rating: 59/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:9.65%
Rating: 10/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

Companies in the same industry

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