VENG SYSTEM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VENG SYSTEM A/S
VENG SYSTEM A/S (CVR number: 32274838) is a company from SKIVE. The company recorded a gross profit of 4680.8 kDKK in 2023. The operating profit was -1381.8 kDKK, while net earnings were -1535.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -9 %, which can be considered poor and Return on Equity (ROE) was -15.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -0.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. VENG SYSTEM A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 5 517.08 | 8 448.93 | 8 103.42 | 4 011.54 | 4 680.79 |
EBIT | 843.08 | 3 616.68 | 2 737.72 | -1 782.21 | -1 381.78 |
Net earnings | 602.75 | 2 702.29 | 2 026.88 | -1 481.66 | -1 535.74 |
Shareholders equity total | 3 129.91 | 5 832.20 | 2 959.08 | 1 477.42 | -58.32 |
Balance sheet total (assets) | 10 164.96 | 15 948.28 | 11 370.08 | 12 014.32 | 18 702.53 |
Net debt | 3 037.03 | 1 349.87 | 4 871.73 | 6 270.56 | 13 539.99 |
Profitability | |||||
EBIT-% | |||||
ROA | 8.8 % | 27.7 % | 20.0 % | -15.2 % | -9.0 % |
ROE | 21.3 % | 60.3 % | 46.1 % | -66.8 % | -15.2 % |
ROI | 14.1 % | 45.6 % | 32.0 % | -21.6 % | -12.3 % |
Economic value added (EVA) | 557.87 | 2 672.65 | 1 927.28 | -1 544.62 | -1 051.01 |
Solvency | |||||
Equity ratio | 30.8 % | 36.6 % | 26.0 % | 13.0 % | -0.3 % |
Gearing | 110.7 % | 58.8 % | 164.6 % | 487.6 % | -23615.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.9 | 1.2 | 0.8 | 0.6 | 0.5 |
Current ratio | 1.5 | 1.7 | 1.4 | 1.2 | 1.0 |
Cash and cash equivalents | 428.49 | 2 080.13 | 933.20 | 233.39 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | BBB | BBB |
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