KEL Development ApS — Credit Rating and Financial Key Figures

KEL Development ApS (CVR number: 43939858) is a company from GRIBSKOV. The company recorded a gross profit of 356.7 kDKK in 2023. The operating profit was -261.5 kDKK, while net earnings were -214 kDKK. The profitability of the company measured by Return on Assets (ROA) was -28.9 %, which can be considered poor and Return on Equity (ROE) was -29.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -19.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. KEL Development ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.