Korsgade 8 ApS — Credit Rating and Financial Key Figures

CVR number: 36964960
Nordre Ringvej 17, 7000 Fredericia
kontakt@ullerup.nu
tel: 20762093
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Credit rating

Company information

Official name
Korsgade 8 ApS
Established
2015
Company form
Private limited company
Industry

About Korsgade 8 ApS

Korsgade 8 ApS (CVR number: 36964960) is a company from FREDERICIA. The company recorded a gross profit of 41.6 kDKK in 2024. The operating profit was 41.6 kDKK, while net earnings were -11.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.4 %, which can be considered weak but Return on Equity (ROE) was -1.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 35.7 %, 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. Korsgade 8 ApS's liquidity measured by quick ratio was 19.5 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit196.49228.03212.87104.8241.60
EBIT579.93228.03281.18137.1241.60
Net earnings-12.40106.45- 208.5254.15-11.14
Shareholders equity total1 000.291 106.75898.23952.38941.24
Balance sheet total (assets)6 097.715 762.334 984.683 338.402 634.30
Net debt1 262.221 500.59213.171 378.251 602.67
Profitability
EBIT-%
ROA1.4 %4.6 %-2.7 %3.8 %1.4 %
ROE-1.2 %10.1 %-20.8 %5.9 %-1.2 %
ROI1.4 %6.4 %-5.4 %6.4 %1.7 %
Economic value added (EVA)226.1053.4373.92-22.81-82.45
Solvency
Equity ratio16.4 %19.2 %18.0 %28.5 %35.7 %
Gearing137.1 %138.4 %187.5 %145.3 %172.4 %
Relative net indebtedness %
Liquidity
Quick ratio2.52.14.52.819.5
Current ratio2.52.14.52.819.5
Cash and cash equivalents108.6930.611 471.125.9220.40
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:1.39%
Rating: 27/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:35.7%
Rating: 30/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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