WeCode A/S — Credit Rating and Financial Key Figures

CVR number: 37496510
Thorsgade 59, 2200 København N
info@wecode.dk
https://wecode.com/

Credit rating

Company information

Official name
WeCode A/S
Personnel
19 persons
Established
2016
Company form
Limited company
Industry

About WeCode A/S

WeCode A/S (CVR number: 37496510) is a company from KØBENHAVN. The company recorded a gross profit of 11.3 mDKK in 2024. The operating profit was 1411.3 kDKK, while net earnings were 1117.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 39.2 %, which can be considered excellent and Return on Equity (ROE) was 52.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 67.9 %, 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. WeCode A/S's liquidity measured by quick ratio was 3.3 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit7 345.299 416.9110 625.7711 117.1011 256.84
EBIT1 672.192 300.792 490.77987.281 411.27
Net earnings1 358.471 849.982 020.82755.171 117.37
Shareholders equity total2 105.422 755.402 520.821 575.982 693.35
Balance sheet total (assets)3 780.324 639.304 233.003 463.473 968.98
Net debt- 437.72- 300.10- 859.20- 714.89- 668.82
Profitability
EBIT-%
ROA52.8 %57.2 %58.8 %26.5 %39.2 %
ROE69.4 %76.1 %76.6 %36.9 %52.3 %
ROI82.9 %90.4 %94.6 %49.5 %67.8 %
Economic value added (EVA)1 208.561 682.701 804.53629.941 013.91
Solvency
Equity ratio55.7 %59.4 %59.6 %45.5 %67.9 %
Gearing0.0 %0.6 %
Relative net indebtedness %
Liquidity
Quick ratio2.12.42.41.73.3
Current ratio2.12.42.41.73.3
Cash and cash equivalents437.75300.10859.20723.98668.82
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:39.2%
Rating: 88/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:67.9%
Rating: 52/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board

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