SOLAE DENMARK ApS — Credit Rating and Financial Key Figures

CVR number: 16316792
Edwin Rahrs Vej 38, 8220 Brabrand

Credit rating

Company information

Official name
SOLAE DENMARK ApS
Established
1992
Company form
Private limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About SOLAE DENMARK ApS

SOLAE DENMARK ApS (CVR number: 16316792) is a company from AARHUS. The company recorded a gross profit of 0 kDKK in 2023. The operating profit was -1744.1 kDKK, while net earnings were -55.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was -1.3 %, which can be considered poor and Return on Equity (ROE) was -41.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 97.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. SOLAE DENMARK ApS's liquidity measured by quick ratio was 48.4 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit
EBIT- 542.04- 927.73-1 204.61- 521.14-1 744.09
Net earnings- 489.36-1 206.63-1 047.01- 562.95-55 406.90
Shareholders equity total182 887.6643 681.03178 634.02161 224.61105 817.71
Balance sheet total (assets)183 019.38177 782.26178 959.79161 233.13108 048.24
Net debt-5 166.48133 125.87-1 269.43- 961.021 408.58
Profitability
EBIT-%
ROA-0.3 %-0.5 %-0.7 %-0.3 %-1.3 %
ROE-0.3 %-1.1 %-0.9 %-0.3 %-41.5 %
ROI-0.3 %-0.5 %-0.7 %-0.3 %-1.3 %
Economic value added (EVA)-9 394.56-9 770.10-3 131.41-9 445.92-9 291.37
Solvency
Equity ratio99.9 %24.6 %99.8 %100.0 %97.9 %
Gearing0.1 %307.0 %0.2 %0.0 %1.3 %
Relative net indebtedness %
Liquidity
Quick ratio1 389.5111.0549.418 939.648.4
Current ratio1 389.5111.0549.418 939.648.4
Cash and cash equivalents5 297.30974.051 594.93964.715.71
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBB

Variable visualization

ROA:-1.28%
Rating: 19/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:97.9%
Rating: 79/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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