LAN DEVELOPMENT ApS — Credit Rating and Financial Key Figures

CVR number: 29781257
Vesterbrogade 149, 1620 København V

Company information

Official name
LAN DEVELOPMENT ApS
Established
2006
Company form
Private limited company
Industry

About LAN DEVELOPMENT ApS

LAN DEVELOPMENT ApS (CVR number: 29781257) is a company from KØBENHAVN. The company recorded a gross profit of -13.6 kDKK in 2024. The operating profit was -13.6 kDKK, while net earnings were 137.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent but Return on Equity (ROE) was 36.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -89.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. LAN DEVELOPMENT 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.

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-19.50914.02-15.47-26.40-13.59
EBIT-19.50914.02-15.47-26.40-13.59
Net earnings- 391.32666.77- 214.03- 169.00137.91
Shareholders equity total-4 975.20-4 308.42-4 522.45-4 691.45-4 553.54
Balance sheet total (assets)4 754.18798.29269.26228.21533.63
Net debt9 613.704 362.184 510.644 902.325 065.27
Profitability
EBIT-%
ROA-0.2 %12.3 %-0.3 %-0.5 %5.7 %
ROE-8.3 %24.0 %-40.1 %-67.9 %36.2 %
ROI-0.2 %12.4 %-0.3 %-0.5 %5.8 %
Economic value added (EVA)- 252.71676.42-54.98-39.33-24.45
Solvency
Equity ratio-51.1 %-84.4 %-94.4 %-95.4 %-89.5 %
Gearing-195.0 %-118.3 %-105.7 %-104.6 %-111.5 %
Relative net indebtedness %
Liquidity
Quick ratio3.566.522.40.71.1
Current ratio185.066.522.40.71.1
Cash and cash equivalents89.97732.54269.085.339.89
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBB

Variable visualization

ROA:5.74%
Rating: 45/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-89.5%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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