Argo Service ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Argo Service ApS
Argo Service ApS (CVR number: 38870505) is a company from FAXE. The company reported a net sales of 3.1 mDKK in 2024. The operating profit percentage was at 0.3 % (EBIT: 0 mDKK), while net earnings were -20.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -3.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 65.4 %, 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. Argo Service ApS's liquidity measured by quick ratio was 2.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 3 082.65 | ||||
Gross profit | 986.84 | 890.91 | 1 550.49 | 1 248.27 | 1 454.46 |
EBIT | 204.60 | 311.32 | 239.57 | -9.77 | 10.72 |
Net earnings | 155.83 | 235.77 | 180.48 | -11.99 | -20.86 |
Shareholders equity total | 378.70 | 501.47 | 681.95 | 669.95 | 649.09 |
Balance sheet total (assets) | 835.91 | 965.11 | 1 071.37 | 1 138.95 | 992.14 |
Net debt | - 430.10 | - 217.54 | -94.17 | -53.68 | - 126.04 |
Profitability | |||||
EBIT-% | 0.3 % | ||||
ROA | 31.3 % | 34.6 % | 23.5 % | -0.7 % | 0.1 % |
ROE | 51.8 % | 53.6 % | 30.5 % | -1.8 % | -3.2 % |
ROI | 64.8 % | 70.2 % | 40.1 % | -1.2 % | 0.1 % |
Economic value added (EVA) | 146.74 | 218.78 | 160.73 | -41.62 | -21.68 |
Solvency | |||||
Equity ratio | 45.3 % | 52.0 % | 63.7 % | 58.8 % | 65.4 % |
Gearing | 5.3 % | ||||
Relative net indebtedness % | 5.8 % | ||||
Liquidity | |||||
Quick ratio | 1.7 | 1.8 | 2.4 | 2.2 | 2.5 |
Current ratio | 1.7 | 1.8 | 2.4 | 2.2 | 2.5 |
Cash and cash equivalents | 430.10 | 217.54 | 94.17 | 53.68 | 160.43 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 78.7 | ||||
Net working capital % | 16.7 % | ||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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