VO DEVELOPMENT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 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 earnings | 23.81 | 90.47 | 271.47 | - 137.78 | 163.04 |
Shareholders equity total | 1 581.73 | 1 672.20 | 1 643.67 | 1 205.88 | 1 368.92 |
Balance sheet total (assets) | 1 702.44 | 1 694.65 | 1 702.51 | 1 471.28 | 1 406.01 |
Net debt | -1 491.11 | -1 178.78 | -1 388.19 | -1 132.52 | -1 326.83 |
Profitability | |||||
EBIT-% | |||||
ROA | 1.5 % | 5.4 % | 19.0 % | 1.7 % | 14.7 % |
ROE | 1.5 % | 5.6 % | 16.4 % | -9.7 % | 12.7 % |
ROI | 1.7 % | 5.7 % | 19.5 % | 1.9 % | 16.4 % |
Economic value added (EVA) | -17.29 | -11.43 | -31.35 | -24.05 | -9.06 |
Solvency | |||||
Equity ratio | 92.9 % | 98.7 % | 96.5 % | 82.0 % | 97.4 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 14.1 | 75.5 | 28.9 | 5.5 | 37.9 |
Current ratio | 14.1 | 75.5 | 28.9 | 5.5 | 37.9 |
Cash and cash equivalents | 1 491.11 | 1 178.78 | 1 388.19 | 1 132.52 | 1 326.83 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BBB | BB | BBB |
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