TICWARE ApS — Credit Rating and Financial Key Figures

CVR number: 32084931
Adriansvej 6, 2300 København S
tel: 36992122
Free credit report Annual report

Company information

Official name
TICWARE ApS
Established
2009
Company form
Private limited company
Industry

About TICWARE ApS

TICWARE ApS (CVR number: 32084931) is a company from KØBENHAVN. The company recorded a gross profit of 444 kDKK in 2024. The operating profit was 444 kDKK, while net earnings were 346.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.2 %, which can be considered excellent and Return on Equity (ROE) was 71.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. TICWARE ApS's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit444.04
EBIT447.30470.31488.75482.05444.04
Net earnings348.90366.84381.23376.00346.35
Shareholders equity total482.45492.08506.46501.24471.62
Balance sheet total (assets)1 200.331 556.391 465.201 612.981 534.43
Net debt- 245.26- 452.12- 584.73- 368.76- 294.22
Profitability
EBIT-%
ROA29.2 %34.1 %32.4 %31.3 %28.2 %
ROE67.4 %75.3 %76.4 %74.6 %71.2 %
ROI86.4 %96.5 %97.9 %95.7 %91.3 %
Economic value added (EVA)321.11342.60356.50350.55321.17
Solvency
Equity ratio40.2 %31.6 %34.6 %31.1 %30.7 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio1.71.51.51.51.4
Current ratio1.71.51.51.51.4
Cash and cash equivalents245.26452.12584.73368.76294.22
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:28.2%
Rating: 82/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:30.7%
Rating: 27/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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