Veloconcept Cycling ApS — Credit Rating and Financial Key Figures

Veloconcept Cycling ApS (CVR number: 37894001) is a company from ISHØJ. The company recorded a gross profit of -45.5 kDKK in 2021. The operating profit was -56.6 kDKK, while net earnings were -71.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6 %, which can be considered poor and Return on Equity (ROE) was -17.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 41.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Veloconcept Cycling 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.