Horne Blik ApS — Credit Rating and Financial Key Figures

Horne Blik ApS (CVR number: 39902532) is a company from HJØRRING. The company recorded a gross profit of 1755.4 kDKK in 2023. The operating profit was 182.5 kDKK, while net earnings were 125.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17.2 %, which can be considered excellent and Return on Equity (ROE) was 62.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.8 %, 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. Horne Blik ApS's liquidity measured by quick ratio was 0.5 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.