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NORDIC DEVELOPMENT GROUP A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About NORDIC DEVELOPMENT GROUP A/S
NORDIC DEVELOPMENT GROUP A/S (CVR number: 30823095) is a company from BRØNDBY. The company recorded a gross profit of -94.7 kDKK in 2025. The operating profit was -94.7 kDKK, while net earnings were 798 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.4 %, which can be considered poor but Return on Equity (ROE) was 20.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 99.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. NORDIC DEVELOPMENT GROUP A/S's liquidity measured by quick ratio was 265.2 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 financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -55.35 | -84.89 | -82.68 | -97.92 | -94.73 |
| EBIT | -55.35 | -84.89 | -82.68 | -97.92 | -94.73 |
| Net earnings | - 312.09 | -1 190.15 | - 531.84 | - 309.16 | 797.97 |
| Shareholders equity total | 5 582.13 | 4 384.98 | 3 817.50 | 3 465.08 | 4 263.05 |
| Balance sheet total (assets) | 6 008.63 | 5 078.75 | 4 552.81 | 3 480.08 | 4 278.43 |
| Net debt | 401.73 | 678.77 | 720.31 | ||
| Profitability | |||||
| EBIT-% | |||||
| ROA | -3.6 % | -20.3 % | -9.3 % | -5.8 % | -4.4 % |
| ROE | -5.5 % | -23.9 % | -13.0 % | -8.5 % | 20.7 % |
| ROI | -3.6 % | -20.4 % | -9.4 % | -5.9 % | -4.4 % |
| Economic value added (EVA) | - 343.36 | - 367.42 | - 318.94 | - 304.41 | - 241.38 |
| Solvency | |||||
| Equity ratio | 92.9 % | 86.3 % | 83.8 % | 99.6 % | 99.6 % |
| Gearing | 7.4 % | 15.5 % | 18.9 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 13.4 | 7.0 | 5.9 | 217.5 | 265.2 |
| Current ratio | 13.4 | 7.0 | 5.9 | 217.5 | 265.2 |
| Cash and cash equivalents | 10.18 | ||||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | A | A |
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