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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 -1376.1 kDKK in 2024. The operating profit was -1376.1 kDKK, while net earnings were -12.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was -10.1 %, which can be considered poor and Return on Equity (ROE) was -37 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 30.8 %, 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. 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 3 164.13 | - 178.01 | - 155.91 | - 292.92 | -1 376.11 |
| EBIT | 3 164.13 | - 178.01 | - 155.91 | - 292.92 | -1 376.11 |
| Net earnings | 4 607.64 | 1 701.23 | 1 417.90 | - 678.99 | -12 403.99 |
| Shareholders equity total | 41 498.69 | 43 199.91 | 40 444.97 | 39 765.98 | 27 361.99 |
| Balance sheet total (assets) | 52 961.14 | 56 343.98 | 63 188.05 | 80 508.67 | 88 797.08 |
| Net debt | 790.40 | 2 965.75 | 15 154.35 | 32 369.31 | 42 705.51 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 11.0 % | 3.3 % | 3.2 % | 0.5 % | -10.1 % |
| ROE | 11.8 % | 4.0 % | 3.4 % | -1.7 % | -37.0 % |
| ROI | 14.0 % | 4.0 % | 3.8 % | 0.5 % | -12.0 % |
| Economic value added (EVA) | 306.48 | -2 384.68 | -2 492.23 | -3 023.10 | -4 936.67 |
| Solvency | |||||
| Equity ratio | 78.4 % | 76.7 % | 64.0 % | 49.4 % | 30.8 % |
| Gearing | 2.1 % | 6.9 % | 37.5 % | 81.4 % | 156.6 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.9 | 2.6 | 1.8 | 0.6 | 0.6 |
| Current ratio | 2.9 | 2.6 | 1.9 | 0.6 | 0.6 |
| Cash and cash equivalents | 68.70 | 4.57 | 9.82 | 18.79 | 143.30 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | BBB | BBB | BBB |
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