INSURANCE BUSINESS APPLICATIONS A/S — Credit Rating and Financial Key Figures

INSURANCE BUSINESS APPLICATIONS A/S (CVR number: 33361319K) is a company from KØBENHAVN. The company recorded a gross profit of 7187.2 kEUR in 2024. The operating profit was -1528.8 kEUR, while net earnings were -1389.1 kEUR. The profitability of the company measured by Return on Assets (ROA) was -15.5 %, which can be considered poor and Return on Equity (ROE) was -23 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 70.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. INSURANCE BUSINESS APPLICATIONS A/S's liquidity measured by quick ratio was 2.5 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.