FREA A/S — Credit Rating and Financial Key Figures

CVR number: 31483476
Sandetvej 19 C, 7280 Sønder Felding
mail@frea-as.dk
tel: 97196767

Credit rating

Company information

Official name
FREA A/S
Personnel
14 persons
Established
2008
Company form
Limited company
Industry
  • Expand more icon03Fishing and aquaculture

About FREA A/S

FREA A/S (CVR number: 31483476) is a company from HERNING. The company recorded a gross profit of 15.5 mDKK in 2024. The operating profit was 12.7 mDKK, while net earnings were 9979.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.4 %, which can be considered good and Return on Equity (ROE) was 13.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 80.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FREA A/S's liquidity measured by quick ratio was 2.4 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit14 666.009 354.004 201.007 393.8415 461.44
EBIT12 382.007 250.004 465.005 225.2912 699.15
Net earnings9 561.005 282.003 217.003 574.899 979.19
Shareholders equity total57 681.0062 964.0066 181.0069 755.1679 734.35
Balance sheet total (assets)100 011.0097 202.00100 276.00101 613.9498 798.18
Net debt22 676.0020 753.0020 988.0015 146.49-1 670.88
Profitability
EBIT-%
ROA14.5 %7.5 %4.7 %5.3 %13.4 %
ROE18.1 %8.8 %5.0 %5.3 %13.4 %
ROI16.1 %8.2 %5.0 %5.7 %15.0 %
Economic value added (EVA)7 090.211 974.69- 294.04290.096 056.36
Solvency
Equity ratio59.3 %64.9 %66.0 %68.6 %80.7 %
Gearing42.5 %33.1 %31.9 %21.9 %0.3 %
Relative net indebtedness %
Liquidity
Quick ratio1.30.90.81.22.4
Current ratio1.92.01.62.54.0
Cash and cash equivalents1 830.00100.00100.00100.001 895.81
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:13.4%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:80.7%
Rating: 60/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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