DEVELUP ApS — Credit Rating and Financial Key Figures

DEVELUP ApS (CVR number: 30701453) is a company from AARHUS. The company recorded a gross profit of 3038.1 kDKK in 2023. The operating profit was 3038.1 kDKK, while net earnings were 1969.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.8 %, which can be considered decent but Return on Equity (ROE) was 11.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 35.5 %, 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. DEVELUP 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.