RaceConnect ApS — Credit Rating and Financial Key Figures

RaceConnect ApS (CVR number: 41390522) is a company from NYBORG. The company recorded a gross profit of -11.2 kDKK in 2024. The operating profit was -11.2 kDKK, while net earnings were -12.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -50 %, which can be considered poor and Return on Equity (ROE) was -113.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 29.2 %, 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. RaceConnect ApS's liquidity measured by quick ratio was 1.4 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.