TM Development ApS — Credit Rating and Financial Key Figures

TM Development ApS (CVR number: 38024582) is a company from AALBORG. The company recorded a gross profit of -679.7 kDKK in 2018. The operating profit was -679.7 kDKK, while net earnings were -536.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.5 %, which can be considered poor and Return on Equity (ROE) was -7.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -3.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. TM Development ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.