Workles IvS

Workles IvS (CVR number: 40377131) is a company from IKAST-BRANDE. The company reported a net sales of 1.2 mDKK in 2020, demonstrating a growth of 131.1 % compared to the previous year. The operating profit percentage was at 4.1 % (EBIT: 0.1 mDKK), while net earnings were 41 kDKK. The profitability of the company measured by Return on Assets (ROA) was 33.7 %, which can be considered excellent and Return on Equity (ROE) was 114.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 19.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Workles IvS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.