HOVE ACCOUNTING ApS — Credit Rating and Financial Key Figures

CVR number: 31773350
Ormhøjgårdvej 27, 8700 Horsens
tel: 30205716

Company information

Official name
HOVE ACCOUNTING ApS
Personnel
2 persons
Established
2008
Company form
Private limited company
Industry

About HOVE ACCOUNTING ApS

HOVE ACCOUNTING ApS (CVR number: 31773350) is a company from HORSENS. The company recorded a gross profit of 583.9 kDKK in 2023. The operating profit was -8.7 kDKK, while net earnings were -6.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.4 %, which can be considered poor and Return on Equity (ROE) was -9.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 38.6 %, 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. HOVE ACCOUNTING ApS's liquidity measured by quick ratio was 1.6 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 sales
Gross profit815.46757.23494.50522.31583.94
EBIT34.41-64.0513.2917.78-8.68
Net earnings26.45-51.919.3713.20-6.40
Shareholders equity total99.4747.5656.9370.1363.73
Balance sheet total (assets)268.07475.89251.84135.16165.30
Net debt- 210.92- 368.75- 182.18- 102.49- 144.55
Profitability
EBIT-%
ROA15.5 %-17.2 %3.7 %9.2 %-5.4 %
ROE30.7 %-70.6 %17.9 %20.8 %-9.6 %
ROI39.9 %-87.1 %25.4 %28.0 %-12.1 %
Economic value added (EVA)29.48-45.0626.3820.11-5.15
Solvency
Equity ratio37.1 %10.0 %22.6 %51.9 %38.6 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio1.61.11.32.11.6
Current ratio1.61.11.32.11.6
Cash and cash equivalents210.92368.75182.18102.49144.55
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:-5.40%
Rating: 15/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:38.6%
Rating: 32/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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