MicroChange Aps — Credit Rating and Financial Key Figures
Credit rating
Company information
About MicroChange Aps
MicroChange Aps (CVR number: 40861661) is a company from SVENDBORG. The company recorded a gross profit of -436.4 kDKK in 2024. The operating profit was -1864.7 kDKK, while net earnings were -1862.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -162.5 %, which can be considered poor and Return on Equity (ROE) was -215.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 60.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. MicroChange Aps's liquidity measured by quick ratio was 2.2 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 financials| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -3.17 | -36.87 | - 241.26 | - 380.36 | - 436.41 | 
| EBIT | -3.17 | -36.87 | -1 070.56 | -1 525.91 | -1 864.70 | 
| Net earnings | -3.41 | -36.51 | -1 076.86 | -1 526.29 | -1 862.83 | 
| Shareholders equity total | 36.59 | 0.09 | 223.23 | 996.94 | 734.11 | 
| Balance sheet total (assets) | 63.20 | 26.96 | 270.08 | 1 079.65 | 1 211.87 | 
| Net debt | -20.58 | 4.51 | - 231.41 | - 766.20 | - 202.73 | 
| Profitability | |||||
| EBIT-% | |||||
| ROA | -5.0 % | -76.4 % | -720.8 % | -225.9 % | -162.5 % | 
| ROE | -9.3 % | -199.1 % | -964.4 % | -250.2 % | -215.2 % | 
| ROI | -8.6 % | -140.1 % | -908.0 % | -249.9 % | -215.2 % | 
| Economic value added (EVA) | -3.17 | -38.70 | -1 071.19 | -1 537.13 | -1 914.80 | 
| Solvency | |||||
| Equity ratio | 57.9 % | 0.3 % | 82.7 % | 92.3 % | 60.6 % | 
| Gearing | 14534.9 % | ||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.9 | 0.6 | 5.5 | 10.3 | 2.2 | 
| Current ratio | 1.9 | 0.6 | 5.5 | 10.3 | 2.2 | 
| Cash and cash equivalents | 20.58 | 7.99 | 231.41 | 766.20 | 202.73 | 
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | B | C | B | B | 
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