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HEC Development ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About HEC Development ApS
HEC Development ApS (CVR number: 43135686) is a company from ESBJERG. The company recorded a gross profit of 0 kDKK in 2025. The operating profit was -880 kDKK, while net earnings were -735.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -9.7 %, which can be considered poor and Return on Equity (ROE) was -11.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 64.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. HEC Development ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Volume | ||||
| Net sales | ||||
| Gross profit | 36.89 | |||
| EBIT | 36.89 | - 258.91 | - 398.45 | - 880.05 |
| Net earnings | 27.25 | - 225.49 | - 351.16 | - 735.40 |
| Shareholders equity total | 7 427.25 | 7 201.76 | 6 850.60 | 6 115.20 |
| Balance sheet total (assets) | 8 685.11 | 8 631.75 | 8 703.17 | 9 430.71 |
| Net debt | 1 138.59 | 1 278.11 | 1 461.74 | 2 482.18 |
| Profitability | ||||
| EBIT-% | ||||
| ROA | 0.4 % | -3.0 % | -4.6 % | -9.7 % |
| ROE | 0.4 % | -3.1 % | -5.0 % | -11.3 % |
| ROI | 0.4 % | -3.0 % | -4.7 % | -10.2 % |
| Economic value added (EVA) | 28.57 | - 632.98 | - 740.94 | -1 109.26 |
| Solvency | ||||
| Equity ratio | 85.5 % | 83.6 % | 78.7 % | 64.8 % |
| Gearing | 15.3 % | 19.0 % | 23.1 % | 42.5 % |
| Relative net indebtedness % | ||||
| Liquidity | ||||
| Quick ratio | 0.2 | 3.7 | 0.9 | 0.7 |
| Current ratio | 0.2 | 2.7 | 0.9 | 0.7 |
| Cash and cash equivalents | 0.18 | 88.97 | 119.99 | 117.94 |
| Capital use efficiency | ||||
| Trade debtors turnover (days) | ||||
| Net working capital % | ||||
| Credit risk | ||||
| Credit rating | BBB | A | BBB | BBB |
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