FORS Affald Holbæk A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORS Affald Holbæk A/S
FORS Affald Holbæk A/S (CVR number: 33033192) is a company from HOLBÆK. The company reported a net sales of 101.5 mDKK in 2024, demonstrating a decline of -4 % compared to the previous year. The operating profit percentage was poor at -16.6 % (EBIT: -16.8 mDKK), while net earnings were -18.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was -17.4 %, which can be considered poor and Return on Equity (ROE) was -49.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 30.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. FORS Affald Holbæk A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 118.37 | 96.93 | 97.39 | 105.72 | 101.46 |
Gross profit | 43.11 | 14.34 | 8.92 | 13.48 | 4.12 |
EBIT | 30.39 | 1.15 | -3.35 | -3.27 | -16.84 |
Net earnings | 29.75 | -1.66 | -2.97 | -5.45 | -18.57 |
Shareholders equity total | 67.38 | 66.79 | 66.14 | 46.80 | 28.68 |
Balance sheet total (assets) | 101.86 | 104.82 | 121.04 | 100.97 | 92.83 |
Net debt | 13.14 | 16.97 | 37.92 | 29.18 | 30.05 |
Profitability | |||||
EBIT-% | 25.7 % | 1.2 % | -3.4 % | -3.1 % | -16.6 % |
ROA | 29.3 % | 1.1 % | -3.0 % | -2.9 % | -17.4 % |
ROE | 56.3 % | -2.5 % | -4.5 % | -9.7 % | -49.2 % |
ROI | 40.6 % | 1.2 % | -3.2 % | -3.3 % | -20.1 % |
Economic value added (EVA) | 27.17 | -3.88 | -7.17 | -8.77 | -20.19 |
Solvency | |||||
Equity ratio | 66.1 % | 63.7 % | 54.6 % | 46.3 % | 30.9 % |
Gearing | 22.2 % | 29.7 % | 57.6 % | 64.9 % | 160.7 % |
Relative net indebtedness % | 18.3 % | 24.5 % | 47.6 % | 42.1 % | 40.6 % |
Liquidity | |||||
Quick ratio | 2.3 | 2.1 | 1.1 | 1.2 | 1.2 |
Current ratio | 2.3 | 2.1 | 1.1 | 1.3 | 1.3 |
Cash and cash equivalents | 1.85 | 2.84 | 0.15 | 1.21 | 16.04 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 2.7 | 4.6 | 11.4 | 6.6 | 6.4 |
Net working capital % | 18.3 % | 22.4 % | 4.1 % | 5.4 % | 5.2 % |
Credit risk | |||||
Credit rating | AA | A | A | A | BBB |
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