Init Group ApS — Credit Rating and Financial Key Figures

Init Group ApS (CVR number: 42896136) is a company from GLADSAXE. The company reported a net sales of 22.4 mDKK in 2023, demonstrating a growth of 2237.1 % compared to the previous year. The operating profit percentage was at 2.5 % (EBIT: 0.6 mDKK), while net earnings were -70.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was -5.4 %, which can be considered poor and Return on Equity (ROE) was -19.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 48 %, 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. Init Group ApS's liquidity measured by quick ratio was 1.6 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.