BALLE INNOVATION ApS

BALLE INNOVATION ApS (CVR number: 35055797) is a company from HERNING. The company recorded a gross profit of 4287.7 kDKK in 2023. The operating profit was 669.9 kDKK, while net earnings were 443.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.9 %, which can be considered good but Return on Equity (ROE) was 25.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 34.5 %, 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. BALLE INNOVATION ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.