Better Holding 2012 A/S — Credit Rating and Financial Key Figures

CVR number: 34721211
Sankt Annæ Plads 28, 1250 København K

Credit rating

Company information

Official name
Better Holding 2012 A/S
Personnel
9 persons
Established
2012
Company form
Limited company
Industry

About Better Holding 2012 A/S

Better Holding 2012 A/S (CVR number: 34721211) is a company from KØBENHAVN. The company recorded a gross profit of -4375 kDKK in 2024. The operating profit was -9875 kDKK, while net earnings were 11.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.1 %, which can be considered decent but Return on Equity (ROE) was 12.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 13.6 %, 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. Better Holding 2012 A/S's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-1 096.00-1 181.00-1 137.00-2 341.00-4 375.00
EBIT-1 146.00-2 459.00-2 857.00-5 717.00-9 875.00
Net earnings2 856.0034 456.00-19 854.0026 437.0011 679.00
Shareholders equity total45 616.0080 072.0060 218.0086 655.0098 334.00
Balance sheet total (assets)170 731.00286 818.00321 396.00581 269.00723 572.00
Net debt118 821.00137 356.00210 647.00406 507.00551 324.00
Profitability
EBIT-%
ROA2.1 %28.7 %2.3 %9.0 %7.1 %
ROE6.5 %54.8 %-28.3 %36.0 %12.6 %
ROI2.5 %15.6 %1.9 %8.9 %6.0 %
Economic value added (EVA)-7 004.11-10 998.16-17 328.22-22 273.60-40 414.22
Solvency
Equity ratio26.7 %27.9 %18.7 %14.9 %13.6 %
Gearing274.0 %258.0 %433.5 %570.4 %635.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.40.20.20.1
Current ratio0.20.40.20.20.1
Cash and cash equivalents6 180.0069 207.0050 411.0087 805.0073 657.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBABBB

Variable visualization

ROA:7.09%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:13.6%
Rating: 13/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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