PIPECLEANING ApS — Credit Rating and Financial Key Figures

PIPECLEANING ApS (CVR number: 35411143) is a company from VARDE. The company recorded a gross profit of 951 kDKK in 2024. The operating profit was 175.9 kDKK, while net earnings were 77.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.9 %, which can be considered good but Return on Equity (ROE) was 20 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27.2 %, 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. PIPECLEANING ApS's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.