GRANDSPEED ApS — Credit Rating and Financial Key Figures

GRANDSPEED ApS (CVR number: 28317522) is a company from AARHUS. The company recorded a gross profit of -1.1 kDKK in 2023. The operating profit was -1.1 kDKK, while net earnings were 44.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.1 %, which can be considered decent but Return on Equity (ROE) was 3.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 99 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. GRANDSPEED ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.