WE-TECH ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About WE-TECH ApS
WE-TECH ApS (CVR number: 31745578) is a company from VEJLE. The company recorded a gross profit of 5395.1 kDKK in 2024. The operating profit was -178.8 kDKK, while net earnings were -405.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.6 %, which can be considered poor and Return on Equity (ROE) was -6.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74 %, 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. WE-TECH ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 9 688.72 | 6 344.06 | 4 111.37 | 4 122.80 | 5 395.14 |
EBIT | 1 331.69 | 1 024.49 | - 806.29 | 1 214.93 | - 178.82 |
Net earnings | 1 029.22 | 788.98 | - 691.77 | 1 020.22 | - 405.39 |
Shareholders equity total | 6 824.28 | 6 613.26 | 5 321.49 | 6 341.70 | 5 436.32 |
Balance sheet total (assets) | 11 854.83 | 10 571.52 | 9 332.33 | 8 469.17 | 7 341.49 |
Net debt | -1 505.36 | - 750.18 | 2 369.69 | - 621.46 | 865.03 |
Profitability | |||||
EBIT-% | |||||
ROA | 13.5 % | 9.7 % | -8.2 % | 16.1 % | -5.6 % |
ROE | 16.3 % | 11.7 % | -11.6 % | 17.5 % | -6.9 % |
ROI | 17.6 % | 13.6 % | -10.4 % | 19.8 % | -6.6 % |
Economic value added (EVA) | 717.32 | 557.45 | - 894.45 | 646.54 | - 370.37 |
Solvency | |||||
Equity ratio | 57.6 % | 62.6 % | 57.0 % | 74.9 % | 74.0 % |
Gearing | 17.1 % | 16.8 % | 46.4 % | 3.7 % | 21.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.8 | 1.8 | 1.2 | 1.4 | 1.3 |
Current ratio | 2.3 | 2.5 | 1.9 | 2.4 | 2.2 |
Cash and cash equivalents | 2 670.86 | 1 860.17 | 98.85 | 857.50 | 318.70 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | BBB | A | BBB |
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