Budget Gulve ApS — Credit Rating and Financial Key Figures

Budget Gulve ApS (CVR number: 40135928) is a company from TÅRNBY. The company reported a net sales of 0.6 mDKK in 2023, demonstrating a decline of -49.7 % compared to the previous year. The operating profit percentage was poor at -17.7 % (EBIT: -0.1 mDKK), while net earnings were -86.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -72.3 %, which can be considered poor and Return on Equity (ROE) was -110.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36 %, 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. Budget Gulve ApS's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.