B-FLY DENMARK ApS — Credit Rating and Financial Key Figures

CVR number: 30072227
Fabriksvej 13, 7760 Hurup Thy

Credit rating

Company information

Official name
B-FLY DENMARK ApS
Established
2006
Company form
Private limited company
Industry

About B-FLY DENMARK ApS

B-FLY DENMARK ApS (CVR number: 30072227) is a company from THISTED. The company recorded a gross profit of -656.8 kDKK in 2023. The operating profit was -36.5 mDKK, while net earnings were -182.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.6 %, which can be considered decent but Return on Equity (ROE) was -0.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 0.3 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. B-FLY DENMARK ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-72.00- 115.82-88.51- 143.72- 656.78
EBIT-35 906.55-35 950.38-35 923.06-35 978.27-36 491.34
Net earnings-24 192.59-31 898.06-41 141.38-33 485.40- 182.67
Shareholders equity total175 460.20107 283.2125 316.02-11 136.391 217.59
Balance sheet total (assets)557 995.98487 820.65423 587.09404 965.47444 864.61
Net debt382 492.47380 480.32398 216.70416 045.23443 617.58
Profitability
EBIT-%
ROA-2.5 %-5.5 %-7.2 %-4.4 %6.6 %
ROE-9.2 %-22.6 %-62.1 %-15.6 %-0.1 %
ROI-2.5 %-5.5 %-7.2 %-4.4 %6.6 %
Economic value added (EVA)-23 400.06-24 688.19-27 515.13-23 856.66-21 892.99
Solvency
Equity ratio31.4 %22.0 %6.0 %-2.7 %0.3 %
Gearing218.0 %354.7 %1573.0 %-3735.9 %36434.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.10.00.0
Current ratio0.10.10.00.0
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBBBBBBB

Variable visualization

ROA:6.60%
Rating: 47/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:0.27%
Rating: 1/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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