2WORK ApS — Credit Rating and Financial Key Figures

CVR number: 26988047
Rødovre Centrum 1 R, 2610 Rødovre

Company information

Official name
2WORK ApS
Personnel
3 persons
Established
2004
Company form
Private limited company
Industry

About 2WORK ApS

2WORK ApS (CVR number: 26988047) is a company from RØDOVRE. The company recorded a gross profit of 1162.9 kDKK in 2021. The operating profit was 41.9 kDKK, while net earnings were 10.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak and Return on Equity (ROE) was 0.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 73.7 %, 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. 2WORK ApS's liquidity measured by quick ratio was 3.8 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
2017
2018
2019
2020
2021
Volume
Net sales
Gross profit2 710.642 576.633 268.033 389.601 162.90
EBIT656.50331.72711.21740.4641.85
Net earnings454.80253.96540.49562.5310.32
Shareholders equity total1 665.331 919.292 459.773 022.302 032.62
Balance sheet total (assets)3 127.992 889.503 649.344 892.612 759.42
Net debt329.4392.09-1 145.48-2 700.21-1 729.85
Profitability
EBIT-%
ROA14.1 %12.4 %23.0 %18.0 %1.1 %
ROE13.7 %14.2 %24.7 %20.5 %0.4 %
ROI18.5 %18.1 %31.4 %26.1 %1.6 %
Economic value added (EVA)336.75172.27459.49517.2434.32
Solvency
Equity ratio53.2 %66.4 %67.4 %61.8 %73.7 %
Gearing20.4 %10.8 %8.4 %6.8 %
Relative net indebtedness %
Liquidity
Quick ratio2.12.93.02.63.8
Current ratio2.12.93.02.63.8
Cash and cash equivalents10.78114.471 352.042 906.761 729.85
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABB

Variable visualization

ROA:1.09%
Rating: 25/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:73.7%
Rating: 55/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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