VÆGGEN IVS — Credit Rating and Financial Key Figures

VÆGGEN IVS (CVR number: 40170596) is a company from ESBJERG. The company reported a net sales of 0.1 mDKK in 2020, demonstrating a growth of 197.4 % compared to the previous year. The operating profit percentage was at 15 % (EBIT: 0 mDKK), while net earnings were 18 kDKK. The profitability of the company measured by Return on Assets (ROA) was 48.5 %, which can be considered excellent and Return on Equity (ROE) was 48.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 100 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VÆGGEN IVS'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.