1123 Services ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About 1123 Services ApS
1123 Services ApS (CVR number: 41262745) is a company from GLADSAXE. The company reported a net sales of 0.7 mDKK in 2023, demonstrating a decline of -45.3 % compared to the previous year. The operating profit percentage was at 83.9 % (EBIT: 0.5 mDKK), while net earnings were 428.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 37.5 %, which can be considered excellent and Return on Equity (ROE) was 39.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 70.8 %, 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. 1123 Services ApS's liquidity measured by quick ratio was 3.4 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Volume | ||||
Net sales | 278.39 | 183.89 | 1 196.30 | 654.70 |
Gross profit | 117.94 | -25.82 | 970.68 | 629.41 |
EBIT | 117.94 | -25.82 | 970.68 | 549.41 |
Net earnings | 91.99 | -25.82 | 756.99 | 428.63 |
Shareholders equity total | 131.99 | 106.17 | 863.16 | 1 291.79 |
Balance sheet total (assets) | 186.28 | 295.94 | 1 107.16 | 1 824.52 |
Net debt | -1.08 | -50.08 | - 168.59 | -0.18 |
Profitability | ||||
EBIT-% | 42.4 % | -14.0 % | 81.1 % | 83.9 % |
ROA | 63.3 % | -10.7 % | 138.4 % | 37.5 % |
ROE | 69.7 % | -21.7 % | 156.2 % | 39.8 % |
ROI | 89.4 % | -21.7 % | 200.3 % | 51.0 % |
Economic value added (EVA) | 91.99 | -32.40 | 754.31 | 393.64 |
Solvency | ||||
Equity ratio | 70.9 % | 35.9 % | 78.0 % | 70.8 % |
Gearing | ||||
Relative net indebtedness % | 19.1 % | 76.0 % | 6.3 % | 81.3 % |
Liquidity | ||||
Quick ratio | 3.4 | 1.6 | 4.5 | 3.4 |
Current ratio | 3.4 | 1.6 | 4.5 | 3.4 |
Cash and cash equivalents | 1.08 | 50.08 | 168.59 | 0.18 |
Capital use efficiency | ||||
Trade debtors turnover (days) | 45.8 | 248.1 | 3.8 | |
Net working capital % | 47.4 % | 57.7 % | 72.2 % | 197.3 % |
Credit risk | ||||
Credit rating | BB | BB | BB | BB |
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