Solpark Vejling K/S — Credit Rating and Financial Key Figures

Solpark Vejling K/S (CVR number: 42340251) is a company from LEMVIG. The company recorded a gross profit of 17.7 mDKK in 2023. The operating profit was 13.7 mDKK, while net earnings were -3901.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.3 %, which can be considered decent but Return on Equity (ROE) was -1.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -1.4 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Solpark Vejling K/S's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.