X-SOLAR SYSTEMS APS — Credit Rating and Financial Key Figures
Credit rating
Company information
About X-SOLAR SYSTEMS APS
X-SOLAR SYSTEMS APS (CVR number: 37267570K) is a company from KØBENHAVN. The company reported a net sales of 27.2 mDKK in 2024, demonstrating a decline of -29.6 % compared to the previous year. The operating profit percentage was poor at -18 % (EBIT: -4.9 mDKK), while net earnings were 2801.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.6 %, which can be considered good but Return on Equity (ROE) was 4.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at -20.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. X-SOLAR SYSTEMS APS's liquidity measured by quick ratio was 20.4 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 911.82 | 4 161.81 | 12 484.88 | 38 626.91 | 27 182.21 |
Gross profit | -1 644.58 | -1 813.13 | - 862.06 | 3 496.53 | 2 358.30 |
EBIT | -4 452.05 | -4 957.52 | -5 947.86 | -3 462.70 | -4 904.87 |
Net earnings | -4 217.39 | -4 124.95 | -6 975.69 | -14 105.00 | 2 801.92 |
Shareholders equity total | 4 471.67 | 346.72 | -6 628.97 | -20 588.67 | -17 803.20 |
Balance sheet total (assets) | 7 673.09 | 12 166.57 | 41 680.83 | 50 221.99 | 70 264.20 |
Net debt | 2 647.62 | 10 119.38 | 29 493.37 | 63 784.54 | 83 862.52 |
Profitability | |||||
EBIT-% | -488.3 % | -119.1 % | -47.6 % | -9.0 % | -18.0 % |
ROA | -58.0 % | -43.1 % | -17.9 % | -2.4 % | 14.6 % |
ROE | -94.3 % | -171.2 % | -33.2 % | -30.7 % | 4.6 % |
ROI | -61.9 % | -46.3 % | -18.5 % | -2.6 % | 15.3 % |
Economic value added (EVA) | -3 818.53 | -4 361.79 | -5 942.34 | -5 587.22 | -7 233.47 |
Solvency | |||||
Equity ratio | 58.3 % | 2.8 % | -13.7 % | -29.1 % | -20.2 % |
Gearing | 61.0 % | 3149.2 % | -706.2 % | -320.6 % | -479.6 % |
Relative net indebtedness % | 342.5 % | 264.8 % | 248.2 % | 177.6 % | 318.4 % |
Liquidity | |||||
Quick ratio | 2.9 | 7.5 | 3.3 | 7.3 | 20.4 |
Current ratio | 6.2 | 7.6 | 3.5 | 8.1 | 20.8 |
Cash and cash equivalents | 78.77 | 799.50 | 17 320.06 | 2 213.37 | 1 527.12 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 132.7 | 370.6 | 397.4 | 345.9 | 817.8 |
Net working capital % | 272.4 % | 142.6 % | 205.0 % | 102.5 % | 234.0 % |
Credit risk | |||||
Credit rating | BBB | BB | BB | BB | BBB |
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