BINNOVATION ApS

BINNOVATION ApS (CVR number: 33060866) is a company from HERNING. The company recorded a gross profit of 1120.8 kDKK in 2023. The operating profit was -21.7 kDKK, while net earnings were -22.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.8 %, which can be considered poor and Return on Equity (ROE) was -23.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 21.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. BINNOVATION ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.