Time2Bike ApS — Credit Rating and Financial Key Figures

Time2Bike ApS (CVR number: 38530623) is a company from RUDERSDAL. The company reported a net sales of 5.9 mDKK in 2024. The operating profit percentage was at 1.6 % (EBIT: 0.1 mDKK), while net earnings were 97.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.5 %, which can be considered weak but Return on Equity (ROE) was 4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 40.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Time2Bike ApS's liquidity measured by quick ratio was 0.3 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.