WE-LO DEVELOPMENT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About WE-LO DEVELOPMENT ApS
WE-LO DEVELOPMENT ApS (CVR number: 29410488) is a company from HILLERØD. The company recorded a gross profit of -292.9 kDKK in 2023. The operating profit was -292.9 kDKK, while net earnings were -679 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.5 %, which can be considered weak but Return on Equity (ROE) was -1.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 49.4 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. WE-LO DEVELOPMENT ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -55.89 | 3 164.13 | - 178.01 | - 155.91 | - 292.92 |
EBIT | -55.89 | 3 164.13 | - 178.01 | - 155.91 | - 292.92 |
Net earnings | 3 847.52 | 4 607.64 | 1 701.23 | 1 417.90 | - 678.99 |
Shareholders equity total | 36 891.05 | 41 498.69 | 43 199.91 | 40 444.97 | 39 765.98 |
Balance sheet total (assets) | 54 107.43 | 52 961.14 | 56 343.98 | 63 188.05 | 80 508.67 |
Net debt | 4 307.41 | 790.40 | 2 965.75 | 15 154.35 | 32 369.31 |
Profitability | |||||
EBIT-% | |||||
ROA | 9.9 % | 11.0 % | 3.3 % | 3.2 % | 0.5 % |
ROE | 11.0 % | 11.8 % | 4.0 % | 3.4 % | -1.7 % |
ROI | 13.1 % | 14.0 % | 4.0 % | 3.8 % | 0.5 % |
Economic value added (EVA) | - 296.97 | 2 442.77 | - 515.47 | - 405.31 | - 561.55 |
Solvency | |||||
Equity ratio | 68.2 % | 78.4 % | 76.7 % | 64.0 % | 49.4 % |
Gearing | 11.7 % | 2.1 % | 6.9 % | 37.5 % | 81.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.8 | 2.9 | 2.6 | 1.8 | 0.6 |
Current ratio | 1.8 | 2.9 | 2.6 | 1.9 | 0.6 |
Cash and cash equivalents | 26.67 | 68.70 | 4.57 | 9.82 | 18.79 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | BBB | BBB |
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