BLICHER DEVELOPMENT ApS — Credit Rating and Financial Key Figures

BLICHER DEVELOPMENT ApS (CVR number: 38457934K) is a company from HERNING. The company recorded a gross profit of 44.1 kDKK in 2018. The operating profit was 10.6 mDKK, while net earnings were 8064.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 53.1 %, which can be considered excellent and Return on Equity (ROE) was 147.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27.4 %, 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. BLICHER 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.