EUROPEAN CREWING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About EUROPEAN CREWING ApS
EUROPEAN CREWING ApS (CVR number: 30492064) is a company from TÅRNBY. The company reported a net sales of 735 mDKK in 2023, demonstrating a growth of 28.3 % compared to the previous year. The operating profit percentage was at 0 % (EBIT: 0.2 mDKK), while net earnings were 1280.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5 %, which can be considered decent but Return on Equity (ROE) was 12.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 28 %, 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. EUROPEAN CREWING 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 504.56 | 438.72 | 494.57 | 572.72 | 735.01 |
Gross profit | 175.28 | 151.87 | 149.50 | 161.87 | 208.18 |
EBIT | 5.12 | 4.38 | 0.11 | 0.19 | 0.24 |
Net earnings | 4.92 | 3.67 | 2.91 | 1.32 | 1.28 |
Shareholders equity total | 5.81 | 5.48 | 8.39 | 9.71 | 10.99 |
Balance sheet total (assets) | 28.65 | 27.75 | 109.82 | 36.44 | 39.23 |
Net debt | -9.28 | -16.54 | |||
Profitability | |||||
EBIT-% | 1.0 % | 1.0 % | 0.0 % | 0.0 % | 0.0 % |
ROA | 19.9 % | 15.5 % | 0.2 % | 2.5 % | 5.0 % |
ROE | 91.9 % | 64.9 % | 42.0 % | 14.6 % | 12.4 % |
ROI | 26.1 % | 15.5 % | 0.2 % | 2.8 % | 12.8 % |
Economic value added (EVA) | 5.80 | 4.09 | -0.17 | -0.27 | 0.73 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 26.6 % | 28.0 % |
Gearing | 93.6 % | ||||
Relative net indebtedness % | 1.5 % | 1.6 % | |||
Liquidity | |||||
Quick ratio | 1.3 | 1.3 | |||
Current ratio | 1.3 | 1.3 | |||
Cash and cash equivalents | 18.36 | 16.54 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 1.3 % | 1.0 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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