Circular Food Technology ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Circular Food Technology ApS
Circular Food Technology ApS (CVR number: 39615231) is a company from KØBENHAVN. The company recorded a gross profit of -4729.7 kDKK in 2024. The operating profit was -14.5 mDKK, while net earnings were -14.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was -150.1 %, which can be considered poor and Return on Equity (ROE) was -205.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 72.9 %, 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. Circular Food Technology ApS's liquidity measured by quick ratio was 2.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -1 776.84 | - 925.76 | -1 916.27 | -4 743.36 | -4 729.68 |
EBIT | -3 043.09 | -2 915.09 | -3 033.41 | -12 041.30 | -14 517.61 |
Net earnings | -2 723.92 | -3 219.69 | -3 029.56 | -12 229.83 | -14 399.46 |
Shareholders equity total | 529.25 | 119.83 | 12 212.51 | 8 566.51 | 5 451.64 |
Balance sheet total (assets) | 3 582.00 | 3 312.71 | 14 942.85 | 11 876.15 | 7 474.12 |
Net debt | - 109.83 | - 242.81 | -12 034.65 | -6 588.55 | - 861.74 |
Profitability | |||||
EBIT-% | |||||
ROA | -123.6 % | -84.6 % | -33.7 % | -89.8 % | -150.1 % |
ROE | -345.9 % | -992.1 % | -49.1 % | -117.7 % | -205.4 % |
ROI | -196.0 % | -119.0 % | -39.5 % | -110.1 % | -187.7 % |
Economic value added (EVA) | -2 758.24 | -3 192.05 | -2 999.76 | -12 674.18 | -14 692.05 |
Solvency | |||||
Equity ratio | 14.8 % | 3.6 % | 81.7 % | 72.1 % | 72.9 % |
Gearing | 255.6 % | 319.3 % | 3.1 % | 8.2 % | 13.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.5 | 2.5 | 23.9 | 4.4 | 2.3 |
Current ratio | 1.8 | 3.7 | 24.5 | 4.7 | 3.3 |
Cash and cash equivalents | 1 462.53 | 625.45 | 12 416.82 | 7 291.54 | 1 610.92 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BBB | BB | BB |
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