Kormak ApS — Credit Rating and Financial Key Figures

Kormak ApS (CVR number: 40332421) is a company from KERTEMINDE. The company recorded a gross profit of -7.1 kDKK in 2023. The operating profit was -7.1 kDKK, while net earnings were 57.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.3 %, which can be considered excellent and Return on Equity (ROE) was 47.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -25.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Kormak ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.