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Thorwest Development ApS — Credit Rating and Financial Key Figures

CVR number: 37832553
Skejby Vænge 143, 8200 Aarhus N
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Credit rating

Company information

Official name
Thorwest Development ApS
Personnel
1 person
Established
2016
Company form
Private limited company
Industry

About Thorwest Development ApS

Thorwest Development ApS (CVR number: 37832553) is a company from AARHUS. The company recorded a gross profit of 67.7 kDKK in 2025. The operating profit was 25.7 kDKK, while net earnings were 9.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.8 %, which can be considered excellent but Return on Equity (ROE) was 9.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 99.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Thorwest Development ApS's liquidity measured by quick ratio was 118.5 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
2021
2022
2023
2024
2025
Volume
Net sales
Gross profit668.61118.8767.69
EBIT68.0496.6382.45-43.0625.74
Net earnings55.9966.9463.04-46.339.31
Shareholders equity total165.52152.47140.5194.18103.49
Balance sheet total (assets)188.46190.93311.39102.90104.37
Net debt- 144.14- 185.21- 270.25-75.65-88.74
Profitability
EBIT-%
ROA30.0 %50.9 %32.8 %-20.8 %24.8 %
ROE40.7 %42.1 %43.0 %-39.5 %9.4 %
ROI49.5 %59.7 %54.2 %-35.0 %25.3 %
Economic value added (EVA)54.8359.0156.36-50.4113.25
Solvency
Equity ratio87.8 %79.9 %45.1 %91.5 %99.2 %
Gearing3.8 %4.1 %6.1 %
Relative net indebtedness %
Liquidity
Quick ratio8.27.91.811.8118.5
Current ratio8.27.91.811.8118.5
Cash and cash equivalents144.14190.93275.9581.3488.74
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:24.8%
Rating: 80/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.2%
Rating: 87/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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