BitProgress Development ApS — Credit Rating and Financial Key Figures

BitProgress Development ApS (CVR number: 35665811) is a company from KOLDING. The company recorded a gross profit of 1033.8 kDKK in 2023. The operating profit was 10.3 kDKK, while net earnings were 7.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.6 %, which can be considered weak but Return on Equity (ROE) was 4.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 42.8 %, 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. BitProgress Development ApS's liquidity measured by quick ratio was 1.8 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.