2M BUSINESS APPLICATIONS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About 2M BUSINESS APPLICATIONS A/S
2M BUSINESS APPLICATIONS A/S (CVR number: 25879570) is a company from KØBENHAVN. The company recorded a gross profit of -282.7 kDKK in 2024. The operating profit was -282.7 kDKK, while net earnings were -34 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.1 %, which can be considered poor and Return on Equity (ROE) was -8.5 %, 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. 2M BUSINESS APPLICATIONS A/S's liquidity measured by quick ratio was 2.5 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 182.46 | 6 002.64 | 3 191.15 | 1 002.72 | - 282.70 |
EBIT | -8 049.71 | 6 009.62 | 3 126.15 | 411.19 | - 282.70 |
Net earnings | -8 082.83 | 5 992.36 | 3 104.88 | 349.97 | -34.00 |
Shareholders equity total | -9 028.32 | -3 035.95 | 68.93 | 418.90 | 384.90 |
Balance sheet total (assets) | 532.18 | 473.92 | 710.51 | 2 018.07 | 635.49 |
Net debt | 8 883.19 | 2 827.87 | 291.80 | 1 158.35 | 230.44 |
Profitability | |||||
EBIT-% | |||||
ROA | -84.8 % | 92.0 % | 148.2 % | 30.4 % | -4.1 % |
ROE | -183.3 % | 1191.2 % | 1143.9 % | 143.5 % | -8.5 % |
ROI | -88.2 % | 95.7 % | 167.2 % | 38.5 % | -4.8 % |
Economic value added (EVA) | -8 442.38 | 5 995.83 | 3 115.11 | 349.26 | - 284.53 |
Solvency | |||||
Equity ratio | -94.4 % | -86.5 % | 9.7 % | 20.8 % | 60.6 % |
Gearing | -103.0 % | -107.2 % | 604.0 % | 298.2 % | 60.2 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.1 | 1.0 | 0.2 | 1.3 | 2.5 |
Current ratio | 0.1 | 1.0 | 0.2 | 1.3 | 2.5 |
Cash and cash equivalents | 419.52 | 427.92 | 124.51 | 90.71 | 1.35 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | B | B | BB | BB |
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