FORMFIBER DENMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORMFIBER DENMARK ApS
FORMFIBER DENMARK ApS (CVR number: 10080665) is a company from SKANDERBORG. The company recorded a gross profit of 517.5 kDKK in 2023. The operating profit was -197.5 kDKK, while net earnings were -318.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.2 %, which can be considered poor and Return on Equity (ROE) was -13.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 54.4 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FORMFIBER DENMARK ApS's liquidity measured by quick ratio was 6.1 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 2 599.13 | 1 681.18 | 1 419.34 | 266.00 | 517.50 |
EBIT | 1 447.83 | 1 010.68 | 426.01 | - 428.23 | - 197.53 |
Net earnings | 1 009.37 | 682.92 | 309.94 | - 427.74 | - 318.44 |
Shareholders equity total | 4 213.68 | 4 896.60 | 4 006.55 | 2 578.80 | 2 260.37 |
Balance sheet total (assets) | 7 967.34 | 7 547.02 | 6 470.95 | 4 639.22 | 4 151.66 |
Net debt | 3 223.29 | 1 855.47 | 1 381.68 | 1 782.83 | 1 681.53 |
Profitability | |||||
EBIT-% | |||||
ROA | 19.3 % | 14.7 % | 7.6 % | -5.7 % | -4.2 % |
ROE | 27.2 % | 15.0 % | 7.0 % | -13.0 % | -13.2 % |
ROI | 20.4 % | 15.5 % | 8.0 % | -5.9 % | -4.3 % |
Economic value added (EVA) | 872.86 | 483.94 | 7.73 | - 589.91 | - 353.66 |
Solvency | |||||
Equity ratio | 70.1 % | 64.9 % | 61.9 % | 55.6 % | 54.4 % |
Gearing | 76.5 % | 45.8 % | 52.7 % | 77.4 % | 81.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.2 | 7.3 | 5.8 | 5.6 | 6.1 |
Current ratio | 2.2 | 7.3 | 5.8 | 5.6 | 6.1 |
Cash and cash equivalents | 0.11 | 387.25 | 728.20 | 213.69 | 158.30 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | A | BBB | BBB |
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