FREA A/S

CVR number: 31483476
Sandetvej 19 C, 7280 Sønder Felding
Lhr@frea-solutions.com
tel: 97196767

Credit rating

Company information

Official name
FREA A/S
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 4199.9 kDKK in 2022. The operating profit was 4465.5 kDKK, while net earnings were 3216.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.7 %, which can be considered decent and Return on Equity (ROE) was 5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 66 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FREA A/S's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20182019202020212022
Volume
Net sales
Gross profit22 614.0015 294.0014 666.009 354.004 199.87
EBIT20 328.0013 431.0012 382.007 250.004 465.51
Net earnings15 031.0010 165.009 561.005 282.003 216.62
Shareholders equity total37 955.0048 120.0057 681.0062 964.0066 180.27
Balance sheet total (assets)78 542.0074 061.00100 011.0097 202.00100 275.54
Net debt21 972.0012 039.0022 676.0020 753.0020 988.07
Profitability
EBIT-%
ROA26.8 %17.8 %14.5 %7.5 %4.7 %
ROE49.4 %23.6 %18.1 %8.8 %5.0 %
ROI29.4 %19.8 %16.1 %8.2 %5.0 %
Economic value added (EVA)13 864.198 228.397 090.211 974.69- 293.90
Solvency
Equity ratio48.3 %65.9 %59.3 %64.9 %66.0 %
Gearing71.5 %26.7 %42.5 %33.1 %31.9 %
Relative net indebtedness %
Liquidity
Quick ratio0.70.81.30.90.8
Current ratio1.31.61.92.01.6
Cash and cash equivalents5 167.00815.001 830.00100.00100.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:4.68%
Rating: 42/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:66.0%
Rating: 50/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

Companies in the same industry

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