FORMULA MICRO BORNHOLM A/S

CVR number: 14798684
Rabækkevej 1, Rønne 3700 Rønne
md@formula-micro.dk
tel: 56959221
https://formula-micro.dk

Credit rating

Company information

Official name
FORMULA MICRO BORNHOLM A/S
Personnel
13 persons
Established
1990
Domicile
Rønne
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About FORMULA MICRO BORNHOLM A/S

FORMULA MICRO BORNHOLM A/S (CVR number: 14798684) is a company from BORNHOLMS REGIONSKOMMUNE. The company recorded a gross profit of 4667 kDKK in 2023. The operating profit was 8 kDKK, while net earnings were 12.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.8 %, which can be considered weak and Return on Equity (ROE) was 2.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 22.6 %, 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. FORMULA MICRO BORNHOLM A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit4 281.484 570.274 722.774 464.134 666.99
EBIT31.8076.86135.79- 157.917.96
Net earnings22.1956.26104.60- 117.9312.09
Shareholders equity total502.25558.50663.10545.18557.27
Balance sheet total (assets)2 257.442 896.562 368.632 292.422 500.71
Net debt- 651.34- 609.59-24.19- 286.80- 442.46
Profitability
EBIT-%
ROA1.3 %3.0 %5.4 %-6.4 %0.8 %
ROE4.5 %10.6 %17.1 %-19.5 %2.2 %
ROI3.6 %7.6 %12.6 %-15.5 %2.2 %
Economic value added (EVA)1.0967.33113.78- 153.87-2.07
Solvency
Equity ratio24.4 %19.8 %29.3 %23.9 %22.6 %
Gearing21.5 %4.9 %18.4 %1.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.21.21.01.0
Current ratio1.51.61.71.51.5
Cash and cash equivalents651.34729.5156.83386.92450.67
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:0.82%
Rating: 24/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:22.6%
Rating: 21/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member

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