Develop IT ApS — Credit Rating and Financial Key Figures

Develop IT ApS (CVR number: 35056408) is a company from SVENDBORG. The company recorded a gross profit of -204.5 kDKK in 2023. The operating profit was -1101.3 kDKK, while net earnings were -668.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -39.4 %, which can be considered poor and Return on Equity (ROE) was -127.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -66 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Develop IT ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.