FRECECO ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRECECO ApS
FRECECO ApS (CVR number: 31325536K) is a company from KØBENHAVN. The company reported a net sales of 1.3 mDKK in 2023. The operating profit percentage was poor at -493.8 % (EBIT: -6.7 mDKK), while net earnings were 952.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 18.6 %, which can be considered excellent and Return on Equity (ROE) was 18.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 96.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FRECECO ApS's liquidity measured by quick ratio was 59.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 347.00 | ||||
Gross profit | - 718.00 | -1 415.00 | - 438.00 | -3 015.00 | -4 502.00 |
EBIT | - 718.00 | -1 415.00 | - 438.00 | -3 015.00 | -6 651.00 |
Net earnings | 2 244 523.00 | 1 849 155.00 | 4 166 470.00 | -4 455 430.00 | 952 794.00 |
Shareholders equity total | 3 036 200.00 | 5 008 274.00 | 9 459 924.00 | 4 854 493.00 | 5 657 287.00 |
Balance sheet total (assets) | 3 070 058.00 | 5 108 037.00 | 9 460 375.00 | 4 857 864.00 | 5 736 200.00 |
Net debt | -3 811 309.00 | -4 473 406.00 | |||
Profitability | |||||
EBIT-% | -493.8 % | ||||
ROA | -0.0 % | -0.0 % | -0.0 % | -1.0 % | 18.6 % |
ROE | 73.9 % | 46.0 % | 57.6 % | -62.3 % | 18.1 % |
ROI | -0.0 % | -0.0 % | -0.0 % | -1.0 % | 18.8 % |
Economic value added (EVA) | - 718.00 | - 153 984.05 | - 252 103.77 | - 478 301.10 | -17 191.63 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 99.9 % | 96.7 % |
Gearing | 0.0 % | 0.0 % | |||
Relative net indebtedness % | -326260.8 % | ||||
Liquidity | |||||
Quick ratio | 1 168.2 | 59.3 | |||
Current ratio | 1 168.2 | 59.3 | |||
Cash and cash equivalents | 3 811 332.00 | 4 473 646.00 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 106.0 | ||||
Net working capital % | 19264.5 % | ||||
Credit risk | |||||
Credit rating | BBB | BBB | A |
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