Nordic Balloon & Events ApS — Credit Rating and Financial Key Figures

Nordic Balloon & Events ApS (CVR number: 39431882) is a company from KOLDING. The company recorded a gross profit of -26.1 kDKK in 2021. The operating profit was -26.1 kDKK, while net earnings were -55.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.1 %, which can be considered poor and Return on Equity (ROE) was -36.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -42.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Nordic Balloon & Events ApS's liquidity measured by quick ratio was 9.1 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.