FORUM HORSENS FONDEN — Credit Rating and Financial Key Figures

CVR number: 28153325
Langmarksvej 45-47, 8700 Horsens

Credit rating

Company information

Official name
FORUM HORSENS FONDEN
Personnel
23 persons
Established
2004
Industry
  • Expand more icon561190

About FORUM HORSENS FONDEN

FORUM HORSENS FONDEN (CVR number: 28153325) is a company from HORSENS. The company reported a net sales of 8.3 mDKK in 2024, demonstrating a decline of -10.2 % compared to the previous year. The operating profit percentage was at 6.6 % (EBIT: 0.5 mDKK), while net earnings were 541.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.1 %, which can be considered excellent and Return on Equity (ROE) was 33.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 59.1 %, 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. FORUM HORSENS FONDEN's liquidity measured by quick ratio was 2.2 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales2 123.743 414.025 742.259 208.288 271.90
Gross profit391.45825.471 358.342 558.972 817.55
EBIT- 643.67208.03-50.82749.82548.50
Net earnings- 629.99282.34-44.60610.55541.08
Shareholders equity total843.031 125.371 080.771 591.331 632.41
Balance sheet total (assets)1 227.331 605.421 939.702 298.452 759.98
Net debt- 698.98-1 022.57-1 262.16-1 964.26-1 108.35
Profitability
EBIT-%-30.3 %6.1 %-0.9 %8.1 %6.6 %
ROA-34.8 %14.7 %-2.9 %35.6 %22.1 %
ROE-54.4 %28.7 %-4.0 %45.7 %33.6 %
ROI-54.0 %20.7 %-4.6 %56.5 %34.7 %
Economic value added (EVA)- 602.38288.58-19.68640.96579.60
Solvency
Equity ratio68.7 %70.1 %55.7 %69.2 %59.1 %
Gearing
Relative net indebtedness %-14.8 %-15.9 %-7.0 %-13.7 %0.2 %
Liquidity
Quick ratio2.72.82.12.92.2
Current ratio3.13.12.23.22.4
Cash and cash equivalents698.981 022.571 262.161 964.261 108.35
Capital use efficiency
Trade debtors turnover (days)7.924.616.11.954.9
Net working capital %33.2 %29.9 %18.2 %16.7 %19.4 %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:22.1%
Rating: 77/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:59.1%
Rating: 46/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer
Board member

Companies in the same industry

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