ChangeAbility ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About ChangeAbility ApS
ChangeAbility ApS (CVR number: 38207776) is a company from HELSINGØR. The company reported a net sales of 0 mDKK in 2023, demonstrating a decline of -71.4 % compared to the previous year. The operating profit percentage was poor at -116.1 % (EBIT: -0 mDKK), while net earnings were -43.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -11.7 %, which can be considered poor and Return on Equity (ROE) was -15.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 88.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. ChangeAbility ApS's liquidity measured by quick ratio was 9 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 27.60 | 105.11 | 30.08 | ||
Gross profit | 819.56 | 1 577.79 | 27.60 | 105.11 | 30.08 |
EBIT | -75.16 | 111.28 | -9.25 | 48.65 | -34.93 |
Net earnings | - 169.95 | 101.87 | -9.25 | 36.85 | -43.23 |
Shareholders equity total | 242.44 | 269.31 | 237.08 | 299.88 | 256.65 |
Balance sheet total (assets) | 446.85 | 580.95 | 306.69 | 306.11 | 288.65 |
Net debt | - 169.44 | - 364.55 | -46.75 | - 141.64 | - 277.77 |
Profitability | |||||
EBIT-% | -33.5 % | 46.3 % | -116.1 % | ||
ROA | -11.6 % | 21.7 % | -2.1 % | 15.9 % | -11.7 % |
ROE | -44.7 % | 39.8 % | -3.7 % | 13.7 % | -15.5 % |
ROI | -19.6 % | 43.5 % | -3.7 % | 18.1 % | -12.6 % |
Economic value added (EVA) | -76.14 | 100.38 | -4.47 | 27.49 | -50.85 |
Solvency | |||||
Equity ratio | 54.3 % | 46.4 % | 77.3 % | 98.0 % | 88.9 % |
Gearing | |||||
Relative net indebtedness % | 82.9 % | -128.8 % | -817.0 % | ||
Liquidity | |||||
Quick ratio | 0.9 | 1.2 | 0.7 | 25.5 | 9.0 |
Current ratio | 0.9 | 1.2 | 0.7 | 25.5 | 9.0 |
Cash and cash equivalents | 169.44 | 364.55 | 46.75 | 141.64 | 277.77 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -82.9 % | 145.4 % | 853.1 % | ||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | B |
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