NORDIC DEVELOPMENT ApS — Credit Rating and Financial Key Figures

NORDIC DEVELOPMENT ApS (CVR number: 28887981) is a company from HORSENS. The company recorded a gross profit of 32.4 kDKK in 2023. The operating profit was -86.5 kDKK, while net earnings were -68.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -42.4 %, which can be considered poor and Return on Equity (ROE) was -47.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 65 %, 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. NORDIC DEVELOPMENT ApS's liquidity measured by quick ratio was 2.9 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.