FORMFIBER DENMARK ApS — Credit Rating and Financial Key Figures

CVR number: 10080665
Bizonvej 2, Skovby 8464 Galten
ca@formfiber.dk

Credit rating

Company information

Official name
FORMFIBER DENMARK ApS
Personnel
1 person
Established
2001
Domicile
Skovby
Company form
Private limited company
Industry
  • Expand more icon28Manufacture of machinery and equipment n.e.c.

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit2 599.131 681.181 419.34266.00517.50
EBIT1 447.831 010.68426.01- 428.23- 197.53
Net earnings1 009.37682.92309.94- 427.74- 318.44
Shareholders equity total4 213.684 896.604 006.552 578.802 260.37
Balance sheet total (assets)7 967.347 547.026 470.954 639.224 151.66
Net debt3 223.291 855.471 381.681 782.831 681.53
Profitability
EBIT-%
ROA19.3 %14.7 %7.6 %-5.7 %-4.2 %
ROE27.2 %15.0 %7.0 %-13.0 %-13.2 %
ROI20.4 %15.5 %8.0 %-5.9 %-4.3 %
Economic value added (EVA)872.86483.947.73- 589.91- 353.66
Solvency
Equity ratio70.1 %64.9 %61.9 %55.6 %54.4 %
Gearing76.5 %45.8 %52.7 %77.4 %81.4 %
Relative net indebtedness %
Liquidity
Quick ratio2.27.35.85.66.1
Current ratio2.27.35.85.66.1
Cash and cash equivalents0.11387.25728.20213.69158.30
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAABBBBBB

Variable visualization

ROA:-4.23%
Rating: 16/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:54.4%
Rating: 43/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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