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FIRST CHAIR HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FIRST CHAIR HOLDING A/S
FIRST CHAIR HOLDING A/S (CVR number: 18252481K) is a company from KØBENHAVN. The company reported a net sales of 186.5 mDKK in 2025, demonstrating a decline of -28 % compared to the previous year. The operating profit percentage was at 0.2 % (EBIT: 0.5 mDKK), while net earnings were -2140.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.6 %, which can be considered weak but Return on Equity (ROE) was -6.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 37.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. FIRST CHAIR HOLDING A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 258 950.94 | 186 472.99 | |||
| Gross profit | 152 196.50 | 162 484.99 | 190 137.07 | 171 886.69 | 134 755.75 |
| EBIT | 152 196.50 | 162 484.99 | 190 137.07 | -4 167.77 | 450.64 |
| Net earnings | 4 448.22 | -1 808.75 | 17 769.84 | -5 063.79 | -2 140.24 |
| Shareholders equity total | 49 062.05 | 45 580.52 | 56 270.66 | 42 326.88 | 34 410.54 |
| Balance sheet total (assets) | 156 982.18 | 151 388.31 | 148 166.96 | 128 046.15 | 91 179.18 |
| Net debt | 12 001.31 | 8 802.56 | |||
| Profitability | |||||
| EBIT-% | -1.6 % | 0.2 % | |||
| ROA | 91.2 % | 105.4 % | 126.9 % | -0.8 % | 1.6 % |
| ROE | 10.0 % | -3.8 % | 34.9 % | -11.0 % | -6.3 % |
| ROI | 108.7 % | 105.4 % | 126.9 % | -1.0 % | 2.3 % |
| Economic value added (EVA) | 148 371.98 | 160 019.62 | 187 846.65 | -5 786.72 | -3 614.79 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 33.1 % | 37.7 % |
| Gearing | 83.3 % | 86.7 % | |||
| Relative net indebtedness % | 22.5 % | 17.6 % | |||
| Liquidity | |||||
| Quick ratio | 1.2 | 1.3 | |||
| Current ratio | 1.2 | 1.3 | |||
| Cash and cash equivalents | 23 243.96 | 21 035.16 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 45.0 | 28.5 | |||
| Net working capital % | -2.2 % | -2.2 % | |||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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