TIME SOLUTION SCANDINAVIA ApS — Credit Rating and Financial Key Figures

CVR number: 21729248
Vejlesøparken 21, 2840 Holte
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Credit rating

Company information

Official name
TIME SOLUTION SCANDINAVIA ApS
Personnel
1 person
Established
1999
Company form
Private limited company
Industry

About TIME SOLUTION SCANDINAVIA ApS

TIME SOLUTION SCANDINAVIA ApS (CVR number: 21729248) is a company from RUDERSDAL. The company recorded a gross profit of 1889.4 kDKK in 2024. The operating profit was 1145.9 kDKK, while net earnings were 971.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 27.1 %, which can be considered excellent and Return on Equity (ROE) was 45.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 41.9 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. TIME SOLUTION SCANDINAVIA ApS's liquidity measured by quick ratio was 1.9 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

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Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit2 734.27871.81387.01588.981 889.39
EBIT2 092.24224.63-55.36148.801 145.93
Net earnings1 611.67196.490.58114.33971.36
Shareholders equity total3 016.742 113.232 113.812 169.242 140.60
Balance sheet total (assets)6 146.882 158.222 237.983 347.595 113.03
Net debt-3 330.13-1 872.70-1 341.56-1 040.79-4 859.88
Profitability
EBIT-%
ROA50.9 %5.4 %-0.6 %5.3 %27.1 %
ROE72.9 %7.7 %0.0 %5.3 %45.1 %
ROI94.6 %8.7 %-0.6 %6.9 %53.2 %
Economic value added (EVA)1 555.5849.03- 146.567.91860.88
Solvency
Equity ratio49.1 %97.9 %94.5 %64.8 %41.9 %
Gearing1.0 %0.2 %0.1 %0.0 %
Relative net indebtedness %
Liquidity
Quick ratio1.998.417.32.91.9
Current ratio1.998.418.02.91.9
Cash and cash equivalents3 330.131 893.891 345.631 043.514 859.90
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:27.1%
Rating: 82/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.9%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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