Profas ApS — Credit Rating and Financial Key Figures

Profas ApS (CVR number: 42211249) is a company from VARDE. The company reported a net sales of 0.3 mDKK in 2023, demonstrating a growth of 48 % compared to the previous year. The operating profit percentage was at 30 % (EBIT: 0.1 mDKK), while net earnings were 102.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 69.5 %, which can be considered excellent and Return on Equity (ROE) was 318.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 12.6 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Profas ApS's liquidity measured by quick ratio was 3.4 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.