Flex Auto ApS — Credit Rating and Financial Key Figures

CVR number: 38817353
Vestbirkvej 3, Seden 5240 Odense NØ
Kontakt@Flexauto.dk
tel: 41176666
FlexAuto.dk

Credit rating

Company information

Official name
Flex Auto ApS
Personnel
16 persons
Established
2017
Domicile
Seden
Company form
Private limited company
Industry

About Flex Auto ApS

Flex Auto ApS (CVR number: 38817353) is a company from ODENSE. The company recorded a gross profit of 4013.2 kDKK in 2023. The operating profit was 1358.2 kDKK, while net earnings were 1044.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.7 %, which can be considered excellent and Return on Equity (ROE) was 100.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 18.5 %, 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. Flex Auto ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

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 profit566.84795.631 017.282 449.464 013.25
EBIT-91.28- 112.18- 203.691 117.271 358.21
Net earnings- 116.56- 133.59- 190.80860.951 044.80
Shareholders equity total-20.80- 154.38- 345.19515.761 560.56
Balance sheet total (assets)411.03897.332 192.273 504.308 455.33
Net debt207.91441.071 650.78350.70- 394.99
Profitability
EBIT-%
ROA-20.7 %-15.1 %-11.3 %37.0 %22.7 %
ROE-41.9 %-20.4 %-12.4 %63.6 %100.6 %
ROI-38.2 %-26.2 %-17.7 %78.7 %83.7 %
Economic value added (EVA)- 112.00- 116.19- 142.27887.101 031.42
Solvency
Equity ratio-4.8 %-14.7 %-13.6 %15.9 %18.5 %
Gearing-1032.1 %-410.6 %-478.8 %88.0 %11.3 %
Relative net indebtedness %
Liquidity
Quick ratio0.90.50.10.40.8
Current ratio0.90.50.50.71.1
Cash and cash equivalents6.75192.892.12102.94572.09
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:22.7%
Rating: 78/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:18.5%
Rating: 18/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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