Proice ApS — Credit Rating and Financial Key Figures

Proice ApS (CVR number: 25760670) is a company from VEJLE. The company reported a net sales of 0.6 mDKK in 2016. The operating profit percentage was at 10.9 % (EBIT: 0.1 mDKK), while net earnings were 70.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good but Return on Equity (ROE) was 21.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -58.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Proice ApS's liquidity measured by quick ratio was 0.2 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.