Blue Udvikling ApS — Credit Rating and Financial Key Figures

CVR number: 39048345
Asylgade 1 U, 7800 Skive

Credit rating

Company information

Official name
Blue Udvikling ApS
Established
2017
Company form
Private limited company
Industry

About Blue Udvikling ApS

Blue Udvikling ApS (CVR number: 39048345) is a company from SKIVE. The company recorded a gross profit of 2332.4 kDKK in 2024. The operating profit was 2314.6 kDKK, while net earnings were 1555.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.7 %, which can be considered decent but Return on Equity (ROE) was 11.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 50.3 %, 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. Blue Udvikling ApS's liquidity measured by quick ratio was 0.1 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-79.35- 501.822 527.232 249.522 332.40
EBIT-79.35- 501.822 527.232 236.202 314.64
Net earnings-55.98- 396.311 945.631 732.461 555.88
Shareholders equity total9 842.809 446.4911 392.1213 124.5814 680.46
Balance sheet total (assets)77 669.49149 448.7720 418.3832 389.4129 164.57
Net debt63 801.82137 143.55-4 183.66650.43-1 002.65
Profitability
EBIT-%
ROA-0.2 %-0.4 %3.0 %9.1 %7.7 %
ROE-0.7 %-4.1 %18.7 %14.1 %11.2 %
ROI-0.2 %-0.5 %3.1 %13.9 %13.8 %
Economic value added (EVA)-55.73- 823.731 509.231 569.851 290.45
Solvency
Equity ratio12.7 %6.3 %55.8 %40.5 %50.3 %
Gearing660.8 %1454.6 %32.8 %26.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.01.70.50.1
Current ratio0.10.01.70.50.1
Cash and cash equivalents1 239.62260.477 922.862 844.701 002.65
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBBBBB

Variable visualization

ROA:7.69%
Rating: 51/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:50.3%
Rating: 40/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board

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