WEARTECH ApS — Credit Rating and Financial Key Figures

WEARTECH ApS (CVR number: 35836284) is a company from NORDFYNS. The company reported a net sales of 0.2 mDKK in 2023, demonstrating a decline of -0.9 % compared to the previous year. The operating profit percentage was poor at -16.8 % (EBIT: -0 mDKK), while net earnings were -39.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.4 %, which can be considered poor and Return on Equity (ROE) was -2.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 95.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. WEARTECH ApS's liquidity measured by quick ratio was 3 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.