Fasttrack Development ApS — Credit Rating and Financial Key Figures

Fasttrack Development ApS (CVR number: 42835668) is a company from AALBORG. The company recorded a gross profit of -18.5 kDKK in 2023. The operating profit was -18.5 kDKK, while net earnings were 31.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 35.7 %, which can be considered excellent and Return on Equity (ROE) was 186.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 20.5 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Fasttrack Development ApS's liquidity measured by quick ratio was 0.4 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.