FIRST ECONOMY ApS — Credit Rating and Financial Key Figures

CVR number: 27291260
Birkehegnet 12, Apperup 3140 Ålsgårde
gd@firsteconomy.dk
tel: 20402830
www.firsteconomy.dk
Free credit report Annual report

Credit rating

Company information

Official name
FIRST ECONOMY ApS
Personnel
5 persons
Established
2003
Domicile
Apperup
Company form
Private limited company
Industry

About FIRST ECONOMY ApS

FIRST ECONOMY ApS (CVR number: 27291260) is a company from HELSINGØR. The company recorded a gross profit of 2396.4 kDKK in 2024. The operating profit was 180.7 kDKK, while net earnings were 140.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.7 %, which can be considered excellent and Return on Equity (ROE) was 28.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 44.2 %, 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. FIRST ECONOMY ApS's liquidity measured by quick ratio was 1.7 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 profit1 965.191 806.082 093.282 118.942 396.37
EBIT302.4454.55236.5736.97180.72
Net earnings232.0438.05176.4424.87140.24
Shareholders equity total710.94598.99625.42500.29490.53
Balance sheet total (assets)1 104.361 078.271 174.841 251.021 110.83
Net debt- 409.70- 180.82-14.8729.2448.48
Profitability
EBIT-%
ROA29.8 %5.1 %21.7 %4.1 %16.7 %
ROE35.2 %5.8 %28.8 %4.4 %28.3 %
ROI45.6 %7.9 %33.8 %7.1 %31.4 %
Economic value added (EVA)203.175.08145.60-12.90103.41
Solvency
Equity ratio64.4 %56.9 %53.3 %40.0 %44.2 %
Gearing2.1 %15.7 %21.1 %31.9 %21.9 %
Relative net indebtedness %
Liquidity
Quick ratio2.72.32.11.61.7
Current ratio2.72.22.11.61.7
Cash and cash equivalents424.57275.01146.89130.5658.87
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:16.7%
Rating: 69/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:44.2%
Rating: 36/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

CreditReports API
  • Company information
  • Financial data
  • Credit risk data
  • All 400,000+ Danish companies

Try the full version of our system for free
Bankruptcy risk visualization example

... and more!

No registration needed.