Mikael Kyneb ApS — Credit Rating and Financial Key Figures

Mikael Kyneb ApS (CVR number: 29844844) is a company from KØBENHAVN. The company recorded a gross profit of 718.9 kDKK in 2020. The operating profit was -112.4 kDKK, while net earnings were 881.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 95.6 %, which can be considered excellent and Return on Equity (ROE) was 382.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -56.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Mikael Kyneb 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.