North Development Aps

North Development Aps (CVR number: 40115072) is a company from AALBORG. The company recorded a gross profit of -11.2 kDKK in 2023. The operating profit was -11.2 kDKK, while net earnings were 17.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.7 %, which can be considered excellent but Return on Equity (ROE) was 10.9 %, which can be considered good. 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. North 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.