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WESTERGAARD DEVELOPMENT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About WESTERGAARD DEVELOPMENT ApS
WESTERGAARD DEVELOPMENT ApS (CVR number: 35211748) is a company from ESBJERG. The company reported a net sales of -0 mDKK in 2024, demonstrating a decline of -105.8 % compared to the previous year. The operating profit percentage was poor at 0 % (EBIT: -0 mDKK), while net earnings were -27.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -25.2 %, which can be considered poor and Return on Equity (ROE) was -44.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 51.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. WESTERGAARD DEVELOPMENT ApS's liquidity measured by quick ratio was 2.1 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 61.49 | 90.03 | 38.18 | -2.21 | |
| Gross profit | 38.10 | 36.93 | 51.79 | 5.85 | -27.32 |
| EBIT | -17.12 | 36.93 | 51.73 | 5.85 | -27.32 |
| Net earnings | -17.21 | 36.83 | 51.73 | 4.56 | -27.56 |
| Shareholders equity total | -17.15 | 19.68 | 71.41 | 75.97 | 48.42 |
| Balance sheet total (assets) | 12.50 | 105.95 | 149.25 | 123.60 | 93.41 |
| Net debt | -20.83 | -62.92 | -92.73 | -93.41 | |
| Profitability | |||||
| EBIT-% | 60.1 % | 57.5 % | 15.3 % | ||
| ROA | -68.3 % | 54.5 % | 40.5 % | 4.3 % | -25.2 % |
| ROE | 751.0 % | 490.0 % | 113.6 % | 6.2 % | -44.3 % |
| ROI | -53487.5 % | 375.2 % | 113.6 % | 7.9 % | -43.9 % |
| Economic value added (EVA) | -17.12 | 37.79 | 50.74 | 0.97 | -31.14 |
| Solvency | |||||
| Equity ratio | -36.6 % | 18.4 % | 47.8 % | 61.5 % | 51.8 % |
| Gearing | |||||
| Relative net indebtedness % | 104.6 % | 16.6 % | -118.2 % | 2187.8 % | |
| Liquidity | |||||
| Quick ratio | 0.4 | 1.2 | 1.9 | 2.6 | 2.1 |
| Current ratio | 0.4 | 1.2 | 1.9 | 2.6 | 2.1 |
| Cash and cash equivalents | 20.83 | 62.92 | 92.73 | 93.41 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 505.3 | 350.0 | 295.1 | ||
| Net working capital % | 32.0 % | 79.3 % | 199.0 % | -2187.8 % | |
| Credit risk | |||||
| Credit rating | C | B | BB | BBB | BB |
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