Cortex 18 ApS — Credit Rating and Financial Key Figures

CVR number: 38402927
Filosofgangen 15, 5000 Odense C

Company information

Official name
Cortex 18 ApS
Established
2017
Company form
Private limited company
Industry

About Cortex 18 ApS

Cortex 18 ApS (CVR number: 38402927) is a company from ODENSE. The company recorded a gross profit of 11.2 mDKK in 2024. The operating profit was 13.9 mDKK, while net earnings were 8757 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.1 %, which can be considered decent but Return on Equity (ROE) was 11.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 26.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Cortex 18 ApS's liquidity measured by quick ratio was 4.4 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit1 397.0010 568.0010 491.0010 797.0011 209.00
EBIT60 402.0013 765.0014 464.0012 587.0013 892.00
Net earnings45 454.008 364.009 047.007 735.008 757.00
Shareholders equity total45 520.0053 883.0062 931.0070 666.0079 423.00
Balance sheet total (assets)261 916.00271 737.00281 743.00289 815.00298 937.00
Net debt193 190.00193 292.00193 393.00193 495.00193 596.00
Profitability
EBIT-%
ROA30.2 %5.4 %5.7 %4.8 %5.1 %
ROE199.4 %16.8 %15.5 %11.6 %11.7 %
ROI32.2 %5.6 %5.9 %5.0 %5.3 %
Economic value added (EVA)40 861.54-1 884.57-1 810.09-3 787.51-3 192.66
Solvency
Equity ratio17.4 %19.8 %22.3 %24.4 %26.6 %
Gearing424.4 %358.7 %307.3 %273.8 %243.8 %
Relative net indebtedness %
Liquidity
Quick ratio1.42.12.23.24.4
Current ratio1.42.12.23.24.3
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAA

Variable visualization

ROA:5.13%
Rating: 43/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:26.6%
Rating: 24/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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