Develop in Europe ApS — Credit Rating and Financial Key Figures

Develop in Europe ApS (CVR number: 38751042) is a company from SKANDERBORG. The company recorded a gross profit of -15.3 kDKK in 2022. The operating profit was -15.3 kDKK, while net earnings were -25.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.4 %, which can be considered poor and Return on Equity (ROE) was -15.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 61.9 %, 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. Develop in Europe ApS's liquidity measured by quick ratio was 2.6 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.