VO DEVELOPMENT A/S — Credit Rating and Financial Key Figures

CVR number: 27289827
Langelinieparken 12, 8000 Aarhus C

Credit rating

Company information

Official name
VO DEVELOPMENT A/S
Established
2003
Company form
Limited company
Industry

About VO DEVELOPMENT A/S

VO DEVELOPMENT A/S (CVR number: 27289827) is a company from AARHUS. The company recorded a gross profit of -6.9 kDKK in 2023. The operating profit was -6.9 kDKK, while net earnings were 163 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.7 %, which can be considered good and Return on Equity (ROE) was 12.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 97.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VO DEVELOPMENT A/S's liquidity measured by quick ratio was 37.9 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

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-12.81-6.88-7.72-14.21-6.89
EBIT-12.81-6.88-7.72-14.21-6.89
Net earnings23.8190.47271.47- 137.78163.04
Shareholders equity total1 581.731 672.201 643.671 205.881 368.92
Balance sheet total (assets)1 702.441 694.651 702.511 471.281 406.01
Net debt-1 491.11-1 178.78-1 388.19-1 132.52-1 326.83
Profitability
EBIT-%
ROA1.5 %5.4 %19.0 %1.7 %14.7 %
ROE1.5 %5.6 %16.4 %-9.7 %12.7 %
ROI1.7 %5.7 %19.5 %1.9 %16.4 %
Economic value added (EVA)-17.29-11.43-31.35-24.05-9.06
Solvency
Equity ratio92.9 %98.7 %96.5 %82.0 %97.4 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio14.175.528.95.537.9
Current ratio14.175.528.95.537.9
Cash and cash equivalents1 491.111 178.781 388.191 132.521 326.83
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:14.7%
Rating: 66/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:97.4%
Rating: 78/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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