VORES SOL A3 K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORES SOL A3 K/S
VORES SOL A3 K/S (CVR number: 35047735) is a company from GLADSAXE. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a decline of -7.7 % compared to the previous year. The operating profit percentage was at 52.5 % (EBIT: 0.3 mDKK), while net earnings were 235.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.7 %, which can be considered good and Return on Equity (ROE) was 10.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 74.5 %, 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. VORES SOL A3 K/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 519.94 | 577.65 | 526.09 | 577.97 | 533.46 |
Gross profit | 488.00 | 538.41 | 497.29 | 539.52 | 495.83 |
EBIT | 271.84 | 322.25 | 281.13 | 323.64 | 279.95 |
Net earnings | 212.90 | 272.23 | 248.56 | 294.31 | 235.84 |
Shareholders equity total | 2 057.91 | 2 030.15 | 2 098.71 | 2 238.03 | 2 263.86 |
Balance sheet total (assets) | 4 033.69 | 3 703.60 | 3 466.82 | 3 361.79 | 3 037.33 |
Net debt | 1 400.19 | 1 219.95 | 948.16 | 529.04 | 326.38 |
Profitability | |||||
EBIT-% | 52.3 % | 55.8 % | 53.4 % | 56.0 % | 52.5 % |
ROA | 6.7 % | 8.3 % | 7.8 % | 9.5 % | 8.7 % |
ROE | 10.9 % | 13.3 % | 12.0 % | 13.6 % | 10.5 % |
ROI | 6.7 % | 8.4 % | 7.9 % | 9.6 % | 8.9 % |
Economic value added (EVA) | 66.07 | 120.85 | 96.20 | 150.35 | 115.22 |
Solvency | |||||
Equity ratio | 51.0 % | 54.8 % | 60.5 % | 66.6 % | 74.5 % |
Gearing | 94.8 % | 81.3 % | 64.3 % | 46.5 % | 33.1 % |
Relative net indebtedness % | 274.3 % | 215.3 % | 183.7 % | 106.0 % | 65.6 % |
Liquidity | |||||
Quick ratio | 1.7 | 1.4 | 1.3 | 1.4 | 1.3 |
Current ratio | 1.7 | 1.4 | 1.3 | 1.4 | 1.3 |
Cash and cash equivalents | 549.81 | 430.05 | 401.84 | 511.26 | 423.62 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 4.3 | 7.5 | 13.6 | 13.2 | 0.0 |
Net working capital % | 44.3 % | 20.5 % | 19.6 % | 25.7 % | 18.8 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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