Space Food ApS — Credit Rating and Financial Key Figures

Space Food ApS (CVR number: 38792024) is a company from AALBORG. The company recorded a gross profit of 908 kDKK in 2023. The operating profit was 100.5 kDKK, while net earnings were 81.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.4 %, which can be considered good but Return on Equity (ROE) was 16 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -48.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Space Food ApS's liquidity measured by quick ratio was 0.5 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.