Relax Nordic ApS — Credit Rating and Financial Key Figures

Relax Nordic ApS (CVR number: 41801220) is a company from SKANDERBORG. The company recorded a gross profit of 5929 kDKK in 2024. The operating profit was 1902.7 kDKK, while net earnings were 1084 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.6 %, which can be considered excellent and Return on Equity (ROE) was 51 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 20.5 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Relax Nordic ApS's liquidity measured by quick ratio was 0.3 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.