CODE3 ApS — Credit Rating and Financial Key Figures

CVR number: 28511418
Adolphsvej 8, 2820 Gentofte
kontakt@code3.dk
www.code3.dk

Credit rating

Company information

Official name
CODE3 ApS
Personnel
4 persons
Established
2005
Company form
Private limited company
Industry

About CODE3 ApS

CODE3 ApS (CVR number: 28511418) is a company from GENTOFTE. The company recorded a gross profit of 5623.6 kDKK in 2023. The operating profit was 2433.5 kDKK, while net earnings were 1817.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 60.6 %, which can be considered excellent and Return on Equity (ROE) was 66.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 63.4 %, 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. CODE3 ApS's liquidity measured by quick ratio was 2.7 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit5 516.176 054.186 242.776 122.855 623.60
EBIT2 148.242 542.732 641.552 890.142 433.46
Net earnings1 637.371 947.142 023.822 213.371 817.06
Shareholders equity total2 315.862 643.012 726.822 920.192 537.25
Balance sheet total (assets)3 710.375 069.594 814.034 061.554 001.58
Net debt-1 377.67-2 761.15-2 208.85-2 292.77-2 497.45
Profitability
EBIT-%
ROA61.5 %57.9 %53.7 %65.4 %60.6 %
ROE74.5 %78.5 %75.4 %78.4 %66.6 %
ROI96.9 %94.8 %86.6 %96.3 %85.1 %
Economic value added (EVA)1 648.021 911.362 041.372 200.021 778.38
Solvency
Equity ratio62.4 %52.1 %56.6 %71.9 %63.4 %
Gearing11.4 %
Relative net indebtedness %
Liquidity
Quick ratio2.72.52.83.52.7
Current ratio2.72.52.83.52.7
Cash and cash equivalents1 377.672 761.152 208.852 292.772 786.60
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:60.6%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:63.4%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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