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Frugal Technologies ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Frugal Technologies ApS
Frugal Technologies ApS (CVR number: 38568809) is a company from AALBORG. The company recorded a gross profit of 7019.4 kDKK in 2025. The operating profit was -4402 kDKK, while net earnings were -4528.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -51.1 %, which can be considered poor and Return on Equity (ROE) was -79.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Frugal Technologies ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 1 661.64 | 10 185.15 | 12 794.52 | 464.32 | 7 019.43 |
| EBIT | - 315.26 | 5 364.32 | 5 340.44 | -10 099.82 | -4 402.02 |
| Net earnings | - 276.61 | 4 233.41 | 3 924.32 | -9 571.71 | -4 528.11 |
| Shareholders equity total | 873.00 | 5 106.41 | 14 531.53 | 4 059.82 | - 468.29 |
| Balance sheet total (assets) | 4 838.75 | 10 158.69 | 21 865.30 | 9 325.81 | 7 388.83 |
| Net debt | 2 286.25 | -2 408.80 | -8 810.99 | -3 072.04 | 1 336.55 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -7.1 % | 73.2 % | 33.7 % | -63.3 % | -51.1 % |
| ROE | -27.4 % | 141.6 % | 40.0 % | -103.0 % | -79.1 % |
| ROI | -8.4 % | 118.5 % | 52.8 % | -104.2 % | -114.0 % |
| Economic value added (EVA) | - 436.19 | 3 998.42 | 3 880.18 | -10 502.38 | -4 606.10 |
| Solvency | |||||
| Equity ratio | 18.0 % | 50.3 % | 66.5 % | 43.5 % | -6.0 % |
| Gearing | 269.1 % | 1.5 % | 0.1 % | 0.0 % | -776.6 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.7 | 1.8 | 2.7 | 1.2 | 0.7 |
| Current ratio | 0.7 | 1.8 | 2.9 | 1.5 | 0.8 |
| Cash and cash equivalents | 63.18 | 2 485.57 | 8 829.17 | 3 073.53 | 2 300.14 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BBB | BB | B |
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