Byteio ApS — Credit Rating and Financial Key Figures

Byteio ApS (CVR number: 43584901) is a company from RANDERS. The company recorded a gross profit of 382.6 kDKK in 2023. The operating profit was 382.6 kDKK, while net earnings were 298.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 113.1 %, which can be considered excellent and Return on Equity (ROE) was 88.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 100 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Byteio ApS's liquidity measured by quick ratio was 0 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.