SOLARCOOLING ApS — Credit Rating and Financial Key Figures

CVR number: 30556771
Troensevej 4 C, 9220 Aalborg Øst
jess@solarcooling.dk
tel: 22778080
www.solarcooling.dk

Company information

Official name
SOLARCOOLING ApS
Personnel
2 persons
Established
2007
Company form
Private limited company
Industry

About SOLARCOOLING ApS

SOLARCOOLING ApS (CVR number: 30556771) is a company from AALBORG. The company recorded a gross profit of 1838.6 kDKK in 2023. The operating profit was 85.1 kDKK, while net earnings were 34.4 kDKK. 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 3.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -12.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. SOLARCOOLING ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

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 profit1 493.321 899.951 846.161 569.181 838.57
EBIT- 264.25- 114.89-76.99- 171.5085.09
Net earnings- 222.53- 115.61-33.99- 196.9834.42
Shareholders equity total149.2933.68-0.30- 197.28- 162.86
Balance sheet total (assets)1 311.461 250.761 371.64905.851 135.32
Net debt538.78- 654.64460.48523.11581.72
Profitability
EBIT-%
ROA-21.0 %-9.0 %-5.9 %-13.9 %7.1 %
ROE-85.4 %-126.4 %-4.8 %-17.3 %3.4 %
ROI-45.1 %-28.5 %-25.7 %-31.1 %14.7 %
Economic value added (EVA)- 208.49-94.81-22.89- 151.9496.20
Solvency
Equity ratio11.4 %2.7 %-0.0 %-17.9 %-12.5 %
Gearing410.6 %33.4 %-175975.0 %-277.3 %-373.3 %
Relative net indebtedness %
Liquidity
Quick ratio0.91.00.50.30.6
Current ratio1.01.10.60.40.7
Cash and cash equivalents74.25665.8974.4923.9126.25
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:7.09%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-12.5%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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