WE-LO DEVELOPMENT ApS — Credit Rating and Financial Key Figures

CVR number: 29410488
Slotsgade 67 B, 3400 Hillerød

Credit rating

Company information

Official name
WE-LO DEVELOPMENT ApS
Established
2006
Company form
Private limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-55.893 164.13- 178.01- 155.91- 292.92
EBIT-55.893 164.13- 178.01- 155.91- 292.92
Net earnings3 847.524 607.641 701.231 417.90- 678.99
Shareholders equity total36 891.0541 498.6943 199.9140 444.9739 765.98
Balance sheet total (assets)54 107.4352 961.1456 343.9863 188.0580 508.67
Net debt4 307.41790.402 965.7515 154.3532 369.31
Profitability
EBIT-%
ROA9.9 %11.0 %3.3 %3.2 %0.5 %
ROE11.0 %11.8 %4.0 %3.4 %-1.7 %
ROI13.1 %14.0 %4.0 %3.8 %0.5 %
Economic value added (EVA)- 296.972 442.77- 515.47- 405.31- 561.55
Solvency
Equity ratio68.2 %78.4 %76.7 %64.0 %49.4 %
Gearing11.7 %2.1 %6.9 %37.5 %81.4 %
Relative net indebtedness %
Liquidity
Quick ratio1.82.92.61.80.6
Current ratio1.82.92.61.90.6
Cash and cash equivalents26.6768.704.579.8218.79
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBBBB

Variable visualization

ROA:0.47%
Rating: 22/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:49.4%
Rating: 40/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer
Chief executive officer

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