X-SOLAR SYSTEMS APS — Credit Rating and Financial Key Figures

CVR number: 37267570
Vesterbrogade 24, 1620 København V
info@mpayg.com
tel: 21477833
mpayg.com

Credit rating

Company information

Official name
X-SOLAR SYSTEMS APS
Personnel
2 persons
Established
2015
Company form
Private limited company
Industry

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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales911.824 161.8112 484.8838 626.9127 182.21
Gross profit-1 644.58-1 813.13- 862.063 496.532 358.30
EBIT-4 452.05-4 957.52-5 947.86-3 462.70-4 904.87
Net earnings-4 217.39-4 124.95-6 975.69-14 105.002 801.92
Shareholders equity total4 471.67346.72-6 628.97-20 588.67-17 803.20
Balance sheet total (assets)7 673.0912 166.5741 680.8350 221.9970 264.20
Net debt2 647.6210 119.3829 493.3763 784.5483 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 ratio58.3 %2.8 %-13.7 %-29.1 %-20.2 %
Gearing61.0 %3149.2 %-706.2 %-320.6 %-479.6 %
Relative net indebtedness %342.5 %264.8 %248.2 %177.6 %318.4 %
Liquidity
Quick ratio2.97.53.37.320.4
Current ratio6.27.63.58.120.8
Cash and cash equivalents78.77799.5017 320.062 213.371 527.12
Capital use efficiency
Trade debtors turnover (days)132.7370.6397.4345.9817.8
Net working capital %272.4 %142.6 %205.0 %102.5 %234.0 %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:14.6%
Rating: 66/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-20.2%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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