Promovec A/S — Credit Rating and Financial Key Figures

Promovec A/S (CVR number: 32790089) is a company from AARHUS. The company recorded a gross profit of 23 mDKK in 2023. The operating profit was -8308.7 kDKK, while net earnings were -8997.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6.2 %, which can be considered poor and Return on Equity (ROE) was -19.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 35.8 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Promovec A/S's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.