HOUSE OF DEVELOPMENT ApS — Credit Rating and Financial Key Figures

CVR number: 35813926

Revsbækvej 5, 9560 Hadsund

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Credit rating

Credit rating: BB

How is our credit rating calculated?

12 / 100

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About HOUSE OF DEVELOPMENT ApS

HOUSE OF DEVELOPMENT ApS (CVR number: 35813926) is a company from MARIAGERFJORD. The company recorded a gross profit of 0 kDKK in 2022. The operating profit was 0 kDKK, while net earnings were -0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0 %, which can be considered poor and Return on Equity (ROE) was -6.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -23.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. HOUSE OF DEVELOPMENT ApS's liquidity measured by quick ratio was 0.8 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

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Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

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	2018	2019	2020	2021	2022
Volume
Net sales
Gross profit	-5.00	-5.00	-4.38	0.63
EBIT	-5.00	-5.00	-4.38	0.63
Net earnings	-6.13	-7.96	-3.98	-0.72	-0.00
Shareholders equity total	-19.32	-27.28	-31.25	-0.01	-0.01
Balance sheet total (assets)	5.31	5.47	5.69	0.02	0.02
Net debt	2.12	2.19	2.28
Profitability
EBIT-%
ROA	-22.5 %	-16.9 %	-10.9 %	4.3 %
ROE	-117.2 %	-147.7 %	-71.3 %	-25.2 %	-6.3 %
ROI	-231.4 %	-224.4 %	-170.6 %	70.1 %
Economic value added (EVA)	-4.34	-4.03	-2.06	2.20	0.00
Solvency
Equity ratio	-78.4 %	-83.3 %	-84.6 %	-23.8 %	-23.8 %
Gearing	-11.0 %	-8.0 %	-7.3 %
Relative net indebtedness %
Liquidity
Quick ratio	0.2	0.2	0.2	0.8	0.8
Current ratio	0.2	0.2	0.2	0.8	0.8
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit rating	BB	B	BB	B	BB