MICHAEL NIELSEN ApS — Credit Rating and Financial Key Figures

MICHAEL NIELSEN ApS (CVR number: 19832937) is a company from AABENRAA. The company recorded a gross profit of -26.1 kDKK in 2023. The operating profit was -26.1 kDKK, while net earnings were -24.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.4 %, which can be considered decent but Return on Equity (ROE) was -2.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 98.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MICHAEL NIELSEN ApS's liquidity measured by quick ratio was 53.3 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.