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FORUM HORSENS FONDEN — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORUM HORSENS FONDEN
FORUM HORSENS FONDEN (CVR number: 28153325) is a company from HORSENS. The company reported a net sales of 10 mDKK in 2025, demonstrating a growth of 20.7 % compared to the previous year. The operating profit percentage was at 2.7 % (EBIT: 0.3 mDKK), while net earnings were 213.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.4 %, which can be considered good and Return on Equity (ROE) was 12.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 72.3 %, 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. FORUM HORSENS FONDEN's liquidity measured by quick ratio was 2.7 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 3 414.02 | 5 742.25 | 9 208.28 | 8 271.90 | 9 985.38 |
| Gross profit | 825.47 | 1 358.34 | 2 558.97 | 2 783.76 | 2 761.28 |
| EBIT | 208.03 | -50.82 | 749.82 | 548.50 | 272.93 |
| Net earnings | 282.34 | -44.60 | 610.55 | 541.08 | 213.48 |
| Shareholders equity total | 1 125.37 | 1 080.77 | 1 591.33 | 1 632.41 | 1 845.89 |
| Balance sheet total (assets) | 1 605.42 | 1 939.70 | 2 298.45 | 2 759.98 | 2 553.89 |
| Net debt | -1 022.57 | -1 262.16 | -1 964.26 | -1 108.35 | - 460.69 |
| Profitability | |||||
| EBIT-% | 6.1 % | -0.9 % | 8.1 % | 6.6 % | 2.7 % |
| ROA | 14.7 % | -2.9 % | 35.6 % | 22.1 % | 10.4 % |
| ROE | 28.7 % | -4.0 % | 45.7 % | 33.6 % | 12.3 % |
| ROI | 20.7 % | -4.6 % | 56.5 % | 34.7 % | 15.8 % |
| Economic value added (EVA) | 248.44 | -96.19 | 552.41 | 455.77 | 130.53 |
| Solvency | |||||
| Equity ratio | 70.1 % | 55.7 % | 69.2 % | 59.1 % | 72.3 % |
| Gearing | |||||
| Relative net indebtedness % | -15.9 % | -7.0 % | -13.7 % | 0.2 % | 2.5 % |
| Liquidity | |||||
| Quick ratio | 2.8 | 2.1 | 2.9 | 2.2 | 2.7 |
| Current ratio | 3.1 | 2.2 | 3.2 | 2.4 | 3.1 |
| Cash and cash equivalents | 1 022.57 | 1 262.16 | 1 964.26 | 1 108.35 | 460.69 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 24.6 | 16.1 | 1.9 | 54.9 | 44.1 |
| Net working capital % | 29.9 % | 18.2 % | 16.7 % | 19.4 % | 14.8 % |
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BB |
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