CETES ApS — Credit Rating and Financial Key Figures

CETES ApS (CVR number: 43774727) is a company from FURESØ. The company recorded a gross profit of 4904.8 kDKK in 2023. The operating profit was -602.9 kDKK, while net earnings were -491.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -28 %, which can be considered poor and Return on Equity (ROE) was -43.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -12.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. CETES ApS's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.