Timeglasset ApS — Credit Rating and Financial Key Figures

Timeglasset ApS (CVR number: 39950081) is a company from SØNDERBORG. The company recorded a gross profit of 980 kDKK in 2024. The operating profit was 0.2 kDKK, while net earnings were -16.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.8 %, which can be considered weak but Return on Equity (ROE) was -8.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -2.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Timeglasset ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.