Second Foundation ApS — Credit Rating and Financial Key Figures

CVR number: 42295167
Søtorvet 5, 1371 København K
myndigheder@secondfoundation.dk
tel: 29992111

Credit rating

Company information

Official name
Second Foundation ApS
Personnel
15 persons
Established
2021
Company form
Private limited company
Industry
  • Expand more icon702000

About Second Foundation ApS

Second Foundation ApS (CVR number: 42295167) is a company from KØBENHAVN. The company recorded a gross profit of 7352.3 kDKK in 2024. The operating profit was 320.6 kDKK, while net earnings were 240.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.6 %, which can be considered good but Return on Equity (ROE) was 28.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 20.6 %, 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. Second Foundation ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2021
2022
2023
2024
Volume
Net sales
Gross profit143.615 502.975 785.037 352.27
EBIT- 484.021 265.79820.45320.58
Net earnings- 386.45964.86623.62240.42
Shareholders equity total- 346.45618.411 122.03562.45
Balance sheet total (assets)389.822 906.074 794.412 724.22
Net debt589.46125.87-1 143.99- 100.68
Profitability
EBIT-%
ROA-65.7 %70.5 %22.3 %9.6 %
ROE-99.1 %191.4 %71.7 %28.5 %
ROI-82.0 %184.0 %79.5 %33.0 %
Economic value added (EVA)- 383.76994.81590.07244.05
Solvency
Equity ratio-47.1 %21.3 %23.4 %20.6 %
Gearing-170.1 %20.9 %13.3 %39.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.31.11.10.8
Current ratio0.31.11.10.8
Cash and cash equivalents3.161 293.55323.78
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBB

Variable visualization

ROA:9.60%
Rating: 56/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:20.6%
Rating: 20/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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