DEVELOPMENT ApS — Credit Rating and Financial Key Figures

DEVELOPMENT ApS (CVR number: 21620076) is a company from AARHUS. The company recorded a gross profit of 981.3 kDKK in 2024. The operating profit was 1334.1 kDKK, while net earnings were 425.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.7 %, which can be considered weak but Return on Equity (ROE) was 5.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 21 %, 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. DEVELOPMENT ApS'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.