CODE3 ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About CODE3 ApS
CODE3 ApS (CVR number: 28511418) is a company from GENTOFTE. The company recorded a gross profit of -58 kDKK in 2024. The operating profit was -59.4 kDKK, while net earnings were -68.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.2 %, which can be considered poor and Return on Equity (ROE) was -4.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 67.9 %, 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 3.1 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 6 054.18 | 6 242.77 | 6 122.85 | 5 623.60 | -58.03 |
EBIT | 2 542.73 | 2 641.55 | 2 890.14 | 2 433.46 | -59.42 |
Net earnings | 1 947.14 | 2 023.82 | 2 213.37 | 1 817.06 | -68.10 |
Shareholders equity total | 2 643.01 | 2 726.82 | 2 920.19 | 2 537.25 | 669.15 |
Balance sheet total (assets) | 5 069.59 | 4 814.03 | 4 061.55 | 4 001.58 | 986.10 |
Net debt | -2 761.15 | -2 208.85 | -2 292.77 | -2 497.45 | 109.09 |
Profitability | |||||
EBIT-% | |||||
ROA | 57.9 % | 53.7 % | 65.4 % | 60.6 % | -2.2 % |
ROE | 78.5 % | 75.4 % | 78.4 % | 66.6 % | -4.2 % |
ROI | 94.8 % | 86.6 % | 96.3 % | 85.1 % | -2.9 % |
Economic value added (EVA) | 1 842.14 | 1 902.63 | 2 089.03 | 1 663.16 | - 201.45 |
Solvency | |||||
Equity ratio | 52.1 % | 56.6 % | 71.9 % | 63.4 % | 67.9 % |
Gearing | 11.4 % | 44.5 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.5 | 2.8 | 3.5 | 2.7 | 3.1 |
Current ratio | 2.5 | 2.8 | 3.5 | 2.7 | 3.1 |
Cash and cash equivalents | 2 761.15 | 2 208.85 | 2 292.77 | 2 786.60 | 188.74 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BB |
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