SOLAS ApS — Credit Rating and Financial Key Figures

SOLAS ApS (CVR number: 44348721) is a company from AALBORG. The company recorded a gross profit of 119.4 kDKK in 2024. The operating profit was 119.4 kDKK, while net earnings were 90.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.3 %, which can be considered good but Return on Equity (ROE) was 69.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 14.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. SOLAS ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.