BITE ApS — Credit Rating and Financial Key Figures

BITE ApS (CVR number: 39254069) is a company from SKANDERBORG. The company recorded a gross profit of 5.7 kDKK in 2022. The operating profit was 5.7 kDKK, while net earnings were -0.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7 %, which can be considered decent but Return on Equity (ROE) was -1.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 71.1 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. BITE ApS's liquidity measured by quick ratio was 3.5 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.